We hear from two platforms facilitating domestic content investment tax credit (ITC) deals in the US, tax credit deal ecosystem Crux and procurement platform Anza, on how far the incentive has penetrated the energy storage market.

IPP and energy trader Monsson has kicked off the environmental permit process for a 2GWh BESS project in Romania, which an executive said will use its own patented energy storage solution.

Global energy storage players Fluence and Saft on moves to onshore production for the US market.

The Australian federal government’s 2024-2025 budget includes a major investment in clean energy manufacturing and an energy bill rebate for households.

A second life energy storage assembly plant has opened in Germany, amidst a rapid fall in battery prices which could threaten the economics of repurposing EV batteries into stationary units.

Developer Monsson Group and system integrator Prime Batteries Technology have inaugurated a 6MW/24MWh battery energy storage system (BESS) in Romania, the country’s largest.

Europe’s response to the US’ Inflation Reduction Act (IRA) has been a big talking point at Giga Europe, and one panellist said the simplicity of the IRA has been key to its success.

Saft, arguably one of the pioneers of large-scale battery storage in the US, is putting efforts into regaining a presence in that market.

Some companies which were previously considering Europe for lithium-ion gigafactory projects are now looking to the US instead, executives working in site selection and design told Energy-Storage.news.