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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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Tesla: ‘I don’t think we’re going to sell another battery in Australia that’s not grid-forming’

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California’s largest utility PG&E signs 1.8GWh long-duration energy storage deal

Fluence and Invenergy partner on 1,900MWh Arizona solar-plus-storage project

Portugal to invest €400 million into grid and BESS after Iberian blackout

New York launches 1GW large-scale energy storage procurement, incorporating new fire safety requirements

Tesla is making LFP cells for energy storage in the US this year, opens diner

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