A total of US$92 billion has been invested in the US battery supply chain since Biden took office in January 2021, including recent projects announced by ICL and Rhyolite.
Gigawatt-hours of used EV batteries are now hitting the market, and California-based Element Energy claims it has the ideal BMS platform to scale second life energy storage technology.
Battery storage has a big role to play in helping reduce renewable energy curtailment in California but the amount of shedded load will still grow in 2023, an analyst told Energy-Storage.news.
California utilities CPA and SCE have issued requests for microgrid and power resiliency projects using energy storage as the state continues to adapt to an increased risk of power shutoffs.
The European Union (EU) has unveiled its plans for its own Inflation Reduction Act-style support package, the Green Deal Industrial Plan, for clean energy technologies including energy storage.
Independent power producer Clearway Energy Group has brought a 36MW solar PV plus 144MWh battery energy storage system project online in O’ahu, Hawaii, delivered by energy technology firm Wärtsilä.
Wells Fargo, MUFG and Silicon Valley Bank have completed US$260 million of construction financing for Leeward Renewable Energy’s Chaparral Springs solar-plus-storage project in California.
