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reconciliation bill

Saticoy, a 4-hour duration 100MW standalone BESS project in California, US. Image: Arevon Asset Management.

Lazard says US energy storage cost reduction in 2025 offsets prior pandemic-driven increases

June 19, 2025
LCOS for battery storage in the US has declined enough recently to offset increases between 2021 and 2024, according to Lazard.
Idaho Senator Mike Crapo said last week that the bill's priority should be in enacting 2017 tax cuts in a video posted to YouTube. Image: Senator Mike Crapo via YouTube (screenshot).

Senate Finance Committee reconciliation bill draft keeps energy storage ITC, cuts solar PV, wind and EV incentives

June 17, 2025
US tax credits for energy storage projects could be retained even if solar PV, wind and electric vehicle (EV) incentives face cuts.
Former US president signing the Inflation Reduction Act into law in 2021, introducing, among other things, a tax credit for standalone energy storage projects. Image: Joe Biden via Twitter (now X)

US energy storage installs to ‘plummet’ with a repeal of Inflation Reduction Act tax credits

June 10, 2025
US energy storage markets could see a “last-minute rush” followed by plummeting installation numbers if tax credit incentives are cut.
Powin's senior lender has appointed Jerry Uzzi as independent manager of the company. Image: Powin

Powin’s ‘significant financial challenge reflective of industry headwinds,’ company says

June 3, 2025
A financial advisor has been appointed to manage US energy storage system integrator Powin, with the company “navigating a period of significant financial challenge”.
Hithium founder and president Jeff Wu speaks at the Mesquite factory's inauguration. Image: Hithium.

Hithium, LG ES begin US manufacturing of dedicated battery storage products

June 3, 2025
Hithium has opened a 10GWh battery module and system factory in Texas, while LG Energy Solution has begun mass-producing cells in Michigan.
OCI and LG MOU signing ceremony

OCI Energy signs MOU for Texas BESS, Ormat signs US$62 million tax equity

May 29, 2025
News from Texas and California as OCI Energy signs a memorandum of understanding with LG Energy Solutions, Ormat Technologies signs a US$62 million hybrid tax equity for Texas and California BESS projects.
Senator John Curtis (R), speaks at a press conference at the Utah factory. To his right is Fluence's Americas president, John Zahurancik. Image: Fluence via YouTube.

Republican Senator praises energy tax credits during visit to Fluence factory in Utah

May 29, 2025
Energy tax credits “drive innovation, strengthen our economy, and create real opportunity,” according to US Republican Senator John Curtis.
Peninsula Clean Energy CEO Shawn Marshall cuts the ribbon to inaugurate a solar PV carport project in Los Banos, California, with the city's mayor Michael Amabile earlier this year. Image: Peninsula Clean Energy
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California CCA’s contract for KKR-owned BESS includes protections for tariff, tax credit risk

May 28, 2025
Even during times of turmoil for the US renewable energy industry, IPPs are continuing to secure long-term offtake agreements in California.

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Senate Finance Committee reconciliation bill draft keeps energy storage ITC, cuts solar PV, wind and EV incentives

AES completes phase one construction of largest solar-plus-storage project in the US

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California Energy Commission public information meeting for Engie BESS project draws huge interest

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The dynamics of BESS and cell supplier relationships

Hithium starts manufacturing ‘world-first’ 1175Ah cell as industry ‘enters era of LDES’

Fluence, Hithium, Canadian Solar BESS units undergo Large-Scale Fire Testing without flames spreading

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