London Stock Exchange-listed Gore Street Energy Storage Fund (GSF) has entered into an agreement to sell its investment tax credits (ITCs) for the Big Rock energy storage project in California, US.
EDP Renewables North America has announced a land purchase agreement for the 75MWac, 300MWh Edgeware energy storage project in St. Thomas, Ontario, CA.
Meanwhile, SolarBank has announced its first BESS in the province, with construction expected to commence 10 February.
A “once-in-a-generation” commitment to invest in the US’ national infrastructure includes financial support for energy storage supply chains and renewable energy deployment, but not the investment tax credit for standalone energy storage.
Early days of the new regime have been applauded for their progressive nature, but lack of proper cost-benefit analysis for storage and concerns of trade tariffs remain
