In the second quarter of this year, Australia made more than A$1 billion (US$650 million) in financial commitments to large-scale battery energy storage system (BESS) projects. If hybrid (power generation plus storage) projects are also included, investment commitments will exceed A$2 billion. This marks the first time the “billion dollar mark” has been surpassed in…
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Just over a year ago, the passage of the Inflation Reduction Act was considered to be the largest legislative action on climate in the United States. It brought about the Investment Tax Credit (ITC) incentive for independent energy storage, fulfilling one of the biggest demands policymakers have placed on the industry. Ravi Manghani, director of…
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The Indian government has issued a framework to promote the use of energy storage with the aim of achieving dispatchable renewable energy, a more reliable grid and economic development. The Ministry of Power issued new guidelines late last month with clear objectives including having 24/7 dispatchable or ’round-the-clock’ (‘RTC’) renewable energy, reducing greenhouse gas (GHG)…
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NeoVolta, a San Diego-based home battery storage company, has partnered with finance platform Mosaic to help homeowners finance home energy storage installations. Through the partnership, Mosaic, a sustainable home improvement financing platform, will provide financing options for customers of NeoVolta’s standalone battery energy storage systems (BESS). NeoVolta added that financing is available for homes with…
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The capacity of Italy’s energy storage market doubled in the first half of the year, despite a slowdown in the second quarter for the first time in nine quarters, and this is likely to be repeated in the second half of the year, according to the country’s renewable energy trade body. According to ANIE Rinnovabili,…
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Active engagement with the Judiciary is critical Working closely with the Judiciary (AHJ) is critical to the success of the U.S. battery storage industry, but the following points need to be kept in mind at all times. That’s the conclusion of multiple sources interviewed by TGPRO News at the RE+ Solar and Storage trade event…
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The 2-hour energy storage system (BESS) market in Germany is experiencing significant growth, with revenues nearly doubling since 2021. Drivers of this growth include the increasing availability of renewable energy sources, the evolving power market, and expanding government support. According to the latest market data, the 2-hour BESS market in Germany has experienced rapid growth…
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Active engagement with the Judiciary is critical Working closely with the Judiciary (AHJ) is critical to the success of the U.S. battery storage industry, but the following points need to be kept in mind at all times. That’s the conclusion of multiple sources interviewed by TGPRO News at the RE+ Solar and Storage trade event…
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