Energy storage industry executives have urged US legislators to swiftly reach a consensus on the Build Back Better Act, with a strong emphasis on introducing the investment tax credit (ITC) for standalone storage.
Stem Inc has signed a deal for over 110MWh of front-of-meter battery storage systems, as well as related services and software which will enable them to participate in New York’s Value of Distributed Energy Resources (VDER) programme.
A programme incentivising the deployment of customer-sited energy storage systems (ESS) has been launched by the two main investor-owned utilities serving the US state of Connecticut.
A US$25 million virtual power plant (VPP) programme has been launched in Perth, Western Australia, while in the US, technology providers Enphase, Sunverge and LG have announced their involvement in VPPs in Arizona and California.
Red tape, costs and logistical hurdles for large-scale battery storage and hybrid systems to participate in Australia’s National Electricity Market (NEM) will be cut under new Australian Energy Market Commission (AEMC) rules.
The US House of Representatives has passed Joe Biden’s Build Back Better act, which now moves to the Senate, where negotiations will continue over the legislation.
The UK will exempt clean energy technologies from business rate rises while tenders for large-scale renewables will allow bids to include generation projects colocated with energy storage.
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).
Advocating for an investment tax credit for energy storage, a Day of Action will be launched tomorrow (8 September 2021) by the US national Energy Storage Association.
