Turkish company Kontrolmatik Technologies expects over US$900 million in incentives from the Inflation Reduction Act to 2032 for its US gigafactory, with Powin one of its first offtakers.

Turkey’s moves to adapt energy market rules will create “exciting” opportunities for energy storage and renewables.

Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA) which passed today.

Facilities aimed at making products for the BESS industry announced by Turkey-headquartered Kontrolmatik and Ireland-headquartered Eaton.

A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage system (ESS) market will start production in Q4 2022.

With a commitment to add 1GW each of new solar PV and wind each year, Turkey’s need for energy storage is coming sooner rather than later. 

The first battery energy storage system deployed to help stabilise the electricity grid in Turkey could help show the country’s energy sector that more rapid uptake of renewable energy can be feasible and cost-effective.

Advisory and certification house DNV GL is supporting Turkish plans to source 30% of total electricity generated in the country from renewable sources, carrying out a feasibility study for combinations of solar PV and energy storage.

Officials from 56 Muslim-majority nations have come together to pledge new climate-related technology goals that included promoting microgrids, energy storage and renewable energy targets.