LCOS for battery storage in the US has declined enough recently to offset increases between 2021 and 2024, according to Lazard.

US tax credits for energy storage projects could be retained even if solar PV, wind and electric vehicle (EV) incentives face cuts.

US energy storage markets could see a “last-minute rush” followed by plummeting installation numbers if tax credit incentives are cut.

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 has opened a 10GWh battery module and system factory in Texas, while LG Energy Solution has begun mass-producing cells in Michigan.

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.

Energy tax credits “drive innovation, strengthen our economy, and create real opportunity,” according to US Republican Senator John Curtis.

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