A renewable energy subsidiary of the Philippine conglomerate Lopez Group has contracted for the deployment of battery energy storage system (BESS) resources at three geothermal sites.
Prices of lithium and the battery supply chain for energy storage systems are becoming manageable once again, but lead times for transformers and other equipment have greatly extended.
Ravi Manghani, director of strategy and market analytics at LS Energy Solutions, discusses the impact of the Inflation Reduction Act, one year after its passing.
Just over a year ago, the passing of the Inflation Reduction Act brought in what has been considered the biggest legislative action on climate seen in the US.
