The second high-profile battery storage failure due to a faulty sprinkler system could mark the beginnings of exclusions from insurance policies if certain providers develop a negative track record, a source said.
While battery storage growth in the US continues to vastly outpace that of Europe, the repurposing of used EV batteries into second life stationary storage systems is far more developed in the latter.
Taiwan-based Aleees will provide its lithium iron phosphate (LFP) cathode manufacturing process technology for ICL Group’s US$400 million facility in Missouri, US.
Research firm Wood Mackenzie has downgraded its forecasts for US demand for energy storage in 2022 and 2023 by around one-third, in its most recent global outlook report.
US battery energy storage system (BESS) integrator Jupiter Power has turned its second 200MWh BESS online in Texas, bringing its total capacity in the state’s market to 450MWh.
A “once-in-a-generation” commitment to invest in the US’ national infrastructure includes financial support for energy storage supply chains and renewable energy deployment, but not the investment tax credit for standalone energy storage.
The Americas region is on track to leapfrog Asia-Pacific in terms of deployed energy storage by 2025, before accounting for more than half of global capacity by the end of the decade, new analysis from Wood Mackenzie suggests.
At the Energy Storage Summit US, a panel of experts discussed the impact of the ITC on the uptake of co-located assets, but also the challenges of operating within its framework.
The opening up of independent system operator (ISO) services as a result of FERC 841 has led to a “huge difference” in storage dispatch strategy for merchant markets with concurrent bidding now the typical strategy.
