Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.
New transferability and direct pay provisions for clean energy tax credits are a “game changer for renewable energy development” in the US, Shearman & Sterling partner Mona Dajani told Energy-Storage.news.
Cost disclosure requirements needed in order to qualify for IRA’s investment tax credit (ITC) domestic content adder could prove problematic for ESS providers, sources told Energy-Storage.news.
Barriers to financing for energy storage could hold back the growth of solar in the US, while an Investment Tax Credit (ITC) for standalone energy storage should be introduced, the audience heard as our publisher Solar Media hosted the Solar and Storage Finance USA event last week.
The importance of software for the bankability of a project is growing, as the opportunities for energy storage around the United States continues to expand.
As we move into a new decade, the question is whether the burgeoning US energy storage industry will be able to maintain its current path of rapid growth. All signs suggest that it will, argues Ricardo F. Rodriguez of Navigant Research.
Action must be taken to build up domestic battery manufacturing capacity in the U.S. to meet demand for industrial-scale energy storage systems, argues Lindsay Gorrill, CEO of KORE Power.
