Despite a slowdown in electric vehicle (EV) sales in the US, LG Energy Solution (LG ES) experienced a quarterly rise in profits, driven in part by increasing demand for energy storage.  

The US energy storage industry is becoming better equipped to handle the policy uncertainty which has characterised the year so far, Energy-Storage.news has heard.

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.

US energy storage projects that begin construction by the end of 2033 will remain eligible for investment tax credit (ITC) incentives.

Intersect Power has become the latest player in the energy storage space to feel the adverse effects of tariff increases and policy uncertainty.

Ascend Analytics recently released its ERCOT Market Report, Release 5.2, containing power market forecasts from the company.

BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.

Developer-operator Aypa Power has closed a US$190 million financing for the 200MW/400MWh Bypass BESS project.

SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.

A resolution aimed at rescinding access to the 45X manufacturing tax credit for companies with links to ‘adversarial foreign governments’, primarily China, has been submitted in the US House of Representatives.