Battery Boosters Pushing Congress to Give Industry a Tax Credit

Renewable-energy advocates are pushing Congress to create a tax credit for power-storage systems, a move that may help unlock new opportunities for wind and solar nationwide. A storage tax credit would boost the grid’s resiliency and reliability, they say, key buzzwords in the Trump administration’s campaign to save struggling nuclear and coal-fired power plants. But so far, congressional Republicans aren’t biting.

Carbon Bill Makes First Footprint

A group of House lawmakers introduced Tuesday night the first bipartisan carbon pricing legislation in a decade. Months in the making, the Energy Innovation and Carbon Dividend Act would start with $15 fee per metric ton of carbon dioxide on domestic oil, gas and coal sectors, ramping up $10 each calendar year until emissions standards are met. “It is the product of rigorous negotiations between Democrats and Republicans,” Florida Democratic Rep. Ted Deutch, the bill’s lead sponsor, told reporters on a conference call. Backers argue the effort will deliver major benefits: 2.1 million net new jobs by the 10th year; 13,000 avoided pollution-related U.S. deaths annually and a 90 percent reduction in carbon emissions from 2015 levels by 2050.

Energy Storage Industry Pushes for Clarity on Tax Credit Eligibility

A coalition of groups led by the Energy Storage Association (ESA) is calling on lawmakers in the U.S. House and Senate to clarify that energy storage systems qualify for the Investment Tax Credit (ITC), an incentive they say could help clean energy companies obtain financing, compete internationally and grow. Bipartisan legislation in both houses of Congress would “ensure a level playing field” for storage resources, according to ESA. The Energy Storage Tax Incentive and Deployment Act (H.R. 4649 / S. 1868) would apply to utility-scale battery projects as well as smaller residential systems.

Kokam Wins 40 MWh of Battery Storage Contracts in South Korea

November 29 – South Korean firm Kokam Co Ltd has secured orders to supply 40 MWh of energy storage systems linked to solar photovoltaic (PV) capacity in South Korea. Kokam, a provider of lithium-ion battery cells, batteries and energy storage solutions, said on Wednesday that the capacity is split between two projects totalling 12 MWh and 28 MWh, respectively. It is expected to be put on stream by the end of this year.

National Renewable Energy Laboratory Gets DOE Award to Develop Grid Electricity Storage System

The Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) recently awarded DOE’s National Renewable Energy Laboratory (NREL) $2.8 million to develop a grid electricity storage and power generation system. The system includes a charging device, thermal energy storage modules, a heat exchanger, and a closed-loop Brayton cycle turbine. “When electric power is cheapest, electric heaters will ‘charge’ the storage modules by heating stable, inexpensive solid particles to more than 1,100 degrees Celsius,” NREL Principal Investigator Zhiwen Ma said. “And when it’s time to discharge this energy, the hot particles will move through a heat exchanger to heat a working fluid that drives a high-efficiency closed-Brayton combined cycle attached to an electric generator.”

US Congress Urged to Clarify Eligibility of Energy Storage for ITC

The US government has been urged to recognise the “critical role” energy storage can play in making the grid cleaner and able to accept more renewable energy, by increasing the eligibility of batteries and other technologies to receive the Investment Tax Credit (ITC). The ITC is applicable to purchases of solar energy equipment in the US and applies about a 30% rebate or discount for buyers. In recent years the policy scheme has been adjusted to include energy storage but for a long time, storage systems could only receive the Federal subsidy if installed at the same time as solar equipment.

CEO Statement on Broad Coalition’s Support for Including Storage as an Eligible Technology in ITC

Today the Energy Storage Association (ESA), along with a broad-based coalition comprised of other energy trade and advocacy groups, strongly urges congressional leadership to clarify eligibility of energy storage for the Investment Tax Credit (ITC) before the end of the year in a move that that would level the playing field across all energy technologies and bolster an industry that supports over 90,000 U.S. jobs and counting.

How Battery Storage Is Changing The Renewable Energy Game

The mass adoption and implementation of solar energy in South African homes and businesses has been rapidly increasing over the past few years. But, going completely “off grid” has so far been held back by the expense of storing power from renewable sources. But this is changing, as the technology is available, and becoming more affordable, for dramatically reducing the reliance on state utility, Eskom, for electricity in South Africa.

European Utilities Muscle Into Energy Storage

German frequency response service revenues have dropped almost two-thirds in two years as utilities have rushed to deploy energy storage, research shows. Wood Mackenzie Power & Renewables this month said prices in a June 2016 German frequency market auction cleared €23 ($26) per megawatt-hour, but were down to €8 ($9) per megawatt-hour in July 2018, a 65 percent reduction.