Investment tax credit (ITC) incentives for energy storage have been included in the US House of Representatives’ chief tax-writing committee, along with extensions to the solar ITC and reintroduction of a solar production tax credit (PTC).
Greece’s electricity market holds the potential to become an important European market for energy storage technologies like lithium-ion batteries in the coming months and years.
Grant funding is being made available to help commercialise “emerging, innovative and transformative” renewable energy technologies and projects by the state government of Victoria, Australia.
Hydrostor, a Canadian company with projects under development in North America and Australia using its advanced compressed air energy storage (A-CAES) technology, has secured CA$10 million (US$7.99 million) growth capital.
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.
Governor Doug Ducey of Arizona expressed delight yesterday as lithium-ion battery and stationary storage system manufacturer KORE Power selected his state for the location of a new gigafactory.
Australia’s federal government has committed millions of dollars in grants to companies involved in lithium battery and vanadium redox flow battery value chains, as part of a wider pledge to support resources and critical minerals sectors in the country.
Stubbo Solar Farm and Battery, a project under development in New South Wales (NSW), Australia, which would pair 400MW of solar with 200MW / 200MWh of battery energy storage, has taken a step closer to going ahead.
The cost of long-duration, grid-scale energy storage should be reduced 90% within this decade in order to accommodate the “hundreds of gigawatts of clean energy” needed, US Secretary of Energy Jennifer Granholm said yesterday.
