The Inflation Reduction Act brought a sense of confidence and certainty to the business of clean energy. Lawyers Adam Schurle and Morten Lund at Foley Lardner take a closer look at what that means for tax equity financing of energy storage, while exploring some of the questions still to be answered.

Battery storage operators in the ERCOT, Texas market have vociferously opposed the grid operator’s proposed rule changes around state of charge information and availability (NPRR 1186).

Developer Peregrine Energy Solutions has raised US$700 million in credit, equity and debt to go towards its US pipeline of energy storage, solar and wind projects.

Israel-based renewable energy firm Enlight’s US subsidiary Clēnera has signed a 20-year power purchase (PPA) with utility Arizona Public Service (APS) for a solar-plus-storage project.

BLUETTI, a pioneering provider of energy storage products, is proud to announce its participation in RE+ 2023.

California-based FranklinWH Energy Storage has secured a US$25 million Series B to scale up its residential battery and energy management software offering in the US and Puerto Rico.

Total installed battery storage capacity in the US reached 12.689GW by the end of the second quarter, S&P said.

Virtual power plant (VPP) projects using home batteries have been launched and extended in Texas, Vermont and California.

Xcel Energy has launched scheme in Colorado, rewarding customers for allowing utility to use battery storage to provide grid services.

Iron-air battery firm Form Energy has received a US$12 million grant from the state of New York for a 1GWh long-duration energy storage project, whilst Ecolectro Inc, PolyJoule Inc and Urban Electric Power received smaller amounts.