South Africa needs to prioritise grid-located battery storage if it is to overcome the ongoing ‘load-shedding’ power outage crisis plaguing the country.
Two 5MW/10MWh battery storage units have entered commercial operation in Vermont, US, owned by Strata Clean Energy, deployed by LS Energy Solutions, and financed using the new investment tax credit (ITC).
The Inflation Reduction Act could “suck the oxygen out” of the Latin American (LatAm) energy storage market, the CEO of pan-American energy storage firm On.Energy said.
Connecticut utilities Eversource, and UI and a quasi-state bank have together launched the next 100MW tranche of a programme aimed at incentivising 580MW of customer-sited energy storage projects.
