Communities most likely to be affected by both the effects of and the response to devastating wildfires which have wreaked havoc on California will be given extra incentive to install solar-plus-storage at their properties.
“No other policy in play right now” could be “more immediate or more impactful” than a ‘standalone’ Investment Tax Credit (ITC) in the US for energy storage, the CEO of the national Energy Storage Association has said.
The national Renewable Energy Association has taken aim at a British government proposal to hike up tax rates attached to some energy saving equipment purchases, including solar and battery storage.
A push to establish an Investment Tax Credit (ITC) for energy storage has not only been welcomed by clean energy advocates and the industry, but might also meet the some stated aims of the Trump administration’s energy policies, an analyst has said.
Walking around Energy Storage Europe this year it was obvious that the show, like the market, has grown from a small handful of “strong believers” as one source put it, to a forward-looking show focused on a ‘business-as-usual’ scenario.
This year’s Energy Storage Europe event marked something of a culmination of “more or less 10 years of continuous evolution” in the industry, Energy-Storage.news has heard.
Calgary-headquartered Eguana Tech has joined high-profile rivals like Tesla and Sonnen in targeting South Australia’s residential energy storage market, announcing it has become eligible for the state’s incentive programme.
The US government has been urged to recognise the “critical role” energy storage can play in making the grid cleaner and able to accept more renewable energy, by increasing the eligibility of batteries and other technologies to receive the Investment Tax Credit (ITC).
An extra AU$100 million (US$70.76 million) of funding could be put into a rebate scheme for households buying energy storage systems in South Australia, after a peer-to-peer lending group stepped in.
