Also on the rise: Freyr Battery abandons plans for Georgia battery factory. Colorado permitting red tape adds thousands to rooftop solar cost, finds study.
Freyr was motivated to build the factory based on the strength of the U.S. renewable energy and electric vehicle industries, coupled with the tax incentives associated with the Inflation Reduction Act. It would have been a $2.6 billion investment, creating 720 jobs.
Also on the rise: Wyoming legislation attacks net metering, small-scale solar. Enphase full-year revenues down 42%. And more.
The newly formed company, Elevated Materials, brings ultra-thin lithium films to the battery market.
Today groups that represent over 2,000 companies are holding over 100 meetings with members of Congress and staff from both parties to discuss how the tax credits are helping to drive a strong energy and manufacturing economy.
The Arizona cell manufacturing plant is on hold, with little detail provided by Kore. The founder and CEO has also stepped down.
A recent Wood Mackenzie report estimates that enforcement of the new policy could mean a drop of nearly 10% in plug-in EV adoption.
While oversupply remains a feature of the lithium-ion battery production landscape, large production volumes are accelerating innovation and enhancing energy storage competitiveness. S&P Global analysis reveals that balance is likely to return to the global market in the coming years as stationary energy storage and EV adoption continues to accelerate.
The guidance builds on the safe harbor that seeks to simplify domestic content calculations by establishing optional alternative cost percentages for solar developers that use solar cells manufactured with U.S.-made wafers.
Also on the rise: Snapshot of the 2024 solar industry. All I want for Christmas is an orchestra of energy storage. And more.
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