Also on the rise: DOE seeks input on high-priority areas for transmission. First Solar closes $700 million in tax credit transfer sales. And more.
U.S. demand for battery energy storage systems will grow six-fold by 2030, according to a recent report by SEIA, but only with serious investment, coordination with experienced manufacturers and collaboration with allies.
The IRA’s investment tax credit for energy storage along with increased utility adoption are critical drivers in the growth of energy storage; however, challenges remain in the build-out of the manufacturing of storage needed to support the U.S. goal of getting to net zero.
Also on the rise: Record-breaking Q3 for U.S. energy storage deployment. Form Energy awarded $30 million for 100-hour iron-air battery project in California. And more.
Fourth Power, backed by Bill Gates’ venture firm, has developed high-density thermal energy storage based on thermophotovoltaic cells. The tech, which is reportedly 10 times cheaper than lithium-ion batteries, is based on the U.S. company’s patented liquid metal heat transfer system.
Also on the rise: ASICS doubles the solar on Mississippi distribution center. The states of Nevada and Arkansas stand center stage in the development of lithium projects. And more.
Amidst the changing currents of U.S. energy policy and supply chain reform, the states of Nevada and Arkansas stand center stage in the development of lithium projects.
Also on the rise: 2024 will be a year of recovery for residential solar, says Enphase co-founder. Largest solar installation in Mississippi begins operations. And more.
A number of critical mineral producers will likely be ineligible for U.S. Inflation Reduction Act (IRA) subsidies, as the US government has published draft rules forbidding access to enterprises with stakes held by Chinese investors.
The Lawrence Berkeley National Laboratory prepared a report, funded by the US Department of Energy, to thoroughly quantify the amount of lithium in an underground reserve in the Salton Sea, California.
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