We hear from two platforms facilitating domestic content investment tax credit (ITC) deals in the US, tax credit deal ecosystem Crux and procurement platform Anza, on how far the incentive has penetrated the energy storage market.
Solar PV and BESS firm Canadian Solar will build a BESS and cell manufacturing facility in Kentucky, in a factory which was recently vacated by metal-hydrogen battery company EnerVenue.
Progress on another US Department of Energy (DOE) loan for the battery sector has been announced, this time by NeoVolta, the third in the space of a week since the US election.
Li-Cycle has finalised a loan of nearly half a million dollars to with the DOE’s Loan Programs Office (LPO) scale up its battery recycling facilities in the US, with the near-term direction of the LPO under a Trump administration likely to change.
NYSE-listed battery startup Freyr has pivoted strategy and acquired a 5GW solar module facility in Texas, US, from Chinese firm Trina Solar, the same day that Donald Trump was declared to have won the presidential election (6 November).
The US Treasury and Internal Revenue Service (IRS) have finalised the rules and process for the 45X advanced manufacturing tax credit, which effectively provides a subsidy to domestic clean energy technology manufacturing, including batteries.
