Clean energy loan and grant activity from the US Department of Energy (DOE) and its Loan Programs Office (LPO) has soared around the election of Donald Trump, analysis by Energy-Storage.news shows, with officials reportedly keen to get deals over the line before the new administration comes in.
Another edition of our irregular news in brief feature: Eos Energy Enterprises closes a US Department of Energy loan deal, UBS picks an AI-driven asset optimiser and financial close for a solar-plus-storage project at an Arkansas steel rebar plant.
Energy-Storage.news hears from the CEO of American Energy Storage Innovations (AESI), about its BESS technology, battery cell strategy, manufacturing in East Asia and the “shocking” price of manufacturing in the US and buying US-made cells.
A resolution aimed at rescinding access to the 45X manufacturing tax credit for companies with links to ‘adversarial foreign governments’, primarily China, has been submitted in the US House of Representatives.
IPP Clearway Energy Group has signed a Energy Storage Exclusivity Agreement (ESEA) with California CCA utility Central Coast Community Energy (3CE) for a 750MW/3,000MWh standalone BESS located in Monterey County, California.
European battery company Northvolt has filed for Chapter 11 ‘reorganisation’ bankruptcy in the US, which it said will allow it to restructure its debt to continue scaling the business.
Second life energy storage and BMS firm Element Energy has commissioned the largest project in the world using repurposed EV batteries, it claimed, with LG Energy Solutions (ES) Vertech revealed as a system integration partner going forward.
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.
