The $67 million investment utilizes the Inflation Reduction Act’s (IRA) Qualified Advanced Energy Project Credit program. Once guidance for low- and moderate-income community incentives and domestic content requirements program is finalized, the developer expects to expand its partnership with the tax investor to fund additional projects in underserved and traditional energy communities.  

The battery is the largest merchant energy storage facility in the world. Wärtsilä Energy and Eolian LP partnered for the 200 MW grid-scale battery system.

Oya Renewables secured $27.1 million in loan commitments from City National Bank and Greenprint Capital for the recently completed construction of 24.8 MW of community solar projects in western and northern New York state.

The Department of Energy has set a bold target to address climate change and put the U.S. on a path to achieve net-zero emissions, economy-wide, by 2050. Key to this goal are the design and development of advanced batteries to electrify the transportation and energy sectors and a skilled workforce for positions within the electric vehicle production, EV charging and battery markets.

Ubiquitous Energy, the Redwood City, California-based manufacturer, is seeking to raise over $100 million in Dept. of Energy loan funding to support the development a manufacturing facility.

The global energy storage market is growing at a strong 23% compound annual growth rate, with annual additions projected to reach 88 GW/278 GWh in 2030, or 5.3 times the expected 2022 level for new installations, according to BloombergNEF’s 1H 23 energy storage outlook.

With risks to developers, challenges for LMI customers, and public utility opposition, community solar is still expected to expand throughout Mid-Atlantic states, noted experts at the SEIA Finance Tax and Buyers Seminar held this week in New York City.

Meta has revealed that its renewable energy deployments are growing by 30% each year. Meta has already deployed 3.56 GW of solar capacity, and has over 9 GW in its long-term development pipeline.

One provision awaiting clarity to proceed is transferability, or the sale of tax credits. This week at the SEIA Finance, Tax and Buyers Seminar, guidance surrounding transferability was the most anticipated topic of discussion for the near-capacity conference audience.

UL 1973 is an industry standard recognition for stationary energy storage systems, which confirms the module’s quality, resilience and ability to operate safely and effectively in a variety of conditions. The S200 modules power ESS systems the Energy Warehouse and Energy Center product lines.