News Categories: Energy Storage
Tax transfer market on track to surpass $40 billion in 2024, with solar and energy storage leading transactions
As the market for transferable tax credits expands, stakeholders are closely monitoring these trends to optimize their strategies in leveraging federal incentives and maximizing financial returns.
California’s battery storage capacity surges by 3,000 MW in six months amid record-breaking heat
In August, solar energy hit a new peak, supplying 19,600 MW to the grid.
US energy storage deployments continue to rise in 2024
According to Wood Mackenzie’s five-year outlook for the U.S. energy storage market, total U.S. storage deployments will grow 42% between 2023 and 2024.
Illinois democrats introduce bill to set new 8.5-GW energy storage goal
CEJA, signed by Gov. JB Pritzker on September 15, 2021, launched Illinois on a path to 100% renewable energy by 2050.
Rhode Island adopts 600MW energy storage target, USDA funds 92MWh Alaska BESS
Rhode Island and Alaska, the smallest and largest US states by land area, have both made notable progress in adopting energy storage technologies.
Treasury, IRS issue proposed regulations for owners of qualified clean electricity facilities and energy storage technologies
The Department of the Treasury and the Internal Revenue Service released proposed regulations today under the Inflation Reduction Act. These regulations are aimed at owners of qualified clean electricity facilities…
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