The signing of the Inflation Reduction Act by US president Joe Biden has been considered a major step forward for clean energy.

Fluence saw a 14% fall in revenue in the third quarter of its financial year, driven largely by ongoing logistics issues the company said are now easing.

The Inflation Reduction Act should accelerate current efforts to move battery cell production nearer to the US, the senior director of manufacturing for Fluence told Energy-Storage.news.

Energy storage is ready to become a key pillar of the US energy transition, writes Andy Tang of Wärtsilä Energy.

Ameresco and Southern California Edison are “working around the clock,” to deliver a 2.1GWh, three-site battery storage portfolio.

Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.

Hopes have been raised once again that US lawmakers could introduce an investment tax credit for energy storage.

The US Department of Energy has launched 140 programmes to advance equitable development of climate, sustainability, and health measures.

Tesla deployed more than a gigawatt-hour of battery storage in Q2 2022, but the company has been impacted by component supply issues.

After falling by more than two-thirds in quarter one 2022, energy storage order intake increased 19% in quarter two for marine and energy solutions company Wärtsilä.