Sunrise brief: Battery energy storage tariffs tripled; domestic content rules updated
Also on the rise: Bringing lithium-sulfur batteries closer to commercialization. Largest solar project in Wyoming moves forward. And more.
Battery energy storage tariffs tripled; domestic content rules updated
Breaking down U.S. market impacts on energy storage from recent policy changes with insights from Clean Energy Associates.
IEA calls for sixfold expansion of global energy storage capacity
The International Energy Agency (IEA) has issued its first report on the importance of battery energy storage technology in the energy transition. It has found that tripling renewable energy capacity by 2030 would require 1,500 GW of battery storage.
Booming U.S. energy storage installation grows 90% year-over-year
Lowered costs, easing supply chains and steady demand continued the energy storage boom, said a report from Wood Mackenzie.
Venture capital funding in energy storage increases 59% year over year
Mercom Capital reported the U.S. invested $9.2 billion of venture capital in energy storage in 2023.
U.S. Virgin Islands cover 30% of electricity needs with six solar-plus-battery facilities
About 124 MWh of Honeywell battery energy storage systems will be installed alongside six solar facilities with a combined capacity of 140 MW.
GridStor completes 60 MW / 160 MWh energy storage project in California
The lithium-ion battery is large enough to power the equivalent of 30,000 households.
Fluence Energy achieves profitability, posts 85% revenue growth
The energy storage provider beat fiscal year guidance for both revenue and adjusted gross profit.
Transformer shortages: New bottleneck of the energy storage supply chain
Transformer shortages are taking their toll on battery energy storage system (BESS) integrators, as competition in the market intensifies.
Lithium-ion battery fire in California energy storage facility
Homes and businesses within a quarter mile of the Valley Center Energy Storage Facility were evacuated and a shelter-in-place order was in effect for anyone a half mile from the site. Owner, Terra-Gen, issued a statement saying that the facility’s design systems are keeping the incident contained.
