The IRS has released an amended cost breakdown of BESS to be used for calculating if a product qualifies for domestic content tax credit incentives, with an increase in US suppliers in the coming quarters.
Chinese battery manufacturer Hithium and Samsung C&T Engineering & Construction (Samsung C&T) have penned a new agreement targeting around 10GWh of battery energy storage system (BESS) capacity globally.
EDP Renewables North America (EDPR NA) has secured a long-term contract with Dominion Energy to develop an 85MW/340MWh battery energy storage system (BESS) in Virginia, US.
Sodium-ion battery technology firm Peak Energy has emerged from stealth, with US$10 million in funding and a management team comprising ex-Northvolt, Tesla, Enovix and SunPower executives.
This year has seen major energy storage deployment plans announced by telecommunications network operators in Finland and Germany, and substantial fundraises by ESS firms targeting the segment.
The US Department of Energy (DOE) has shortlisted the projects to receive US$325 million for long-duration energy storage (LDES), with technology providers including Energy Dome, Invinity, Form Energy and Redflow.
Developer Redeux Energy Partners has enlisted Marathon Capital to sell a solar and storage portfolio with 160MW/640MWh of battery storage in the MISO and SERC grid territories.
Geothermal and battery storage firm Ormat Technologies and lithium-ion manufacturer Gotion have agreed a multi-year supply deal totalling up to 750MWh.
