Inflation Reduction Act

LGES to Construct $5.5 bn Battery Plant in Arizona
The objective of LGES is to step up EV and also ESS battery production in The United States and Canada. The complicated will certainly have two different production facilities: cylindrical batteries for EVs as well as lithium iron phosphate (LFP) pouch-type batteries for energy storage systems.
Mar 27, 2023 // Markets & Finance News, Storage, LG Energy Solution, Youngsoo Kwon, cylindrical battery, Inflation Reduction Act, LGES, largest standalone battery factory in USA, North America battery market, Queen Creek battery factory by LG
Albemarle Corp will certainly Spend $1.3 billion in U.S.A. Lithium Battery Plant
The facility includes a preliminary investment of at the very least $1.3 billion to assist meet the surging need for domestic and also worldwide electrical vehicles and lithium-ion batteries. The building and construction of the project is expected to start late in 2024.
Mar 23, 2023 // Markets & Finance News, Storage, Lithium-ion batteries, electric vehicles, EV batteries, Albemarle, Inflation Reduction Act, Albemarle Corporation, battery-grade lithium hydroxide, Henry McMaster, Kent Masters, lithium hydroxide Mega-Flex, Mega-Flex, USA lithium ion batteries
Electriq Power Secures $300 Million for Solar+ Storage Financing
The funding will certainly support the implementation of Sustainable Community Networks (SCNs) throughout California. The funds realization will be based on expected sales volumes, system size as well as rates.
Mar 17, 2023 // Markets & Finance News, clean energy, ENERGY STORAGE, green energy, Electriq Power, Inflation Reduction Act, IRA, Frank Magnotti, SCNs in California, Silicon Valley renewable energy, Sustainable Community Networks, USA renewable sector
In US, An Aerospace Manufacturing Hub Powered By Solar Micro Grid
Jackson County, West Virginia in the United States saw the top executives of 3 business on Saturday break ground on a project on more than 2,000 acres of land. BHE Renewables, a Berkshire Hathaway Energy organization, is establishing the home into a first-of-its-kind solar energy microgrid-powered industrial site.
Mar 6, 2023 // Plants, Grids, USA, North America, West Virginia, Inflation Reduction Act, BHE Renewables, Precision Castparts Corp., Aerospace hub, jackson county, solar micro-grid, titanium metals corporation
Michigan-based ONE Launches Renewable Energy Storage Solution - Aries Grid
Our Next Energy (ONE) has launched Aries Grid, a lithium iron phosphate (LFP) utility-scale battery system that can provide long-duration energy storage. This renewable energy storage solution is manufactured in the US and aims to decarbonize mobility and the grid.
Feb 24, 2023 // Storage, BESS, Renewable Energy, Inflation Reduction Act, Our Next Energy, Aries Grid, Deeana Ahmed, energy storage in USA, lithium iron phosphate BESS, Mujeeb Ijaz, renewable energy growth in USA, utility-scale battery system
Denham Capital Announces $200 Million for Solar Energy Generator Solops
Denham has gotten Solops as well as will certainly support the growth of the business including implementation of Solops' over 800 MW pipe of project investments. Solops has collectively established and also constructed over 3 GW of C&I solar throughout 29 states and closed on fundings in excess of $2.1 billion.
Feb 14, 2023 // Markets & Finance News, Inflation Reduction Act, Denham Capital, Solops, distributed solar energy generation, energy transition investment firm, Justin DeAngelis, Matthew Rosenblum, photovoltaic solar projects, purchase agreement, US solar sector, USA solar PV
South Korea's Battery Majors LG Energy & Hanwha Explore Partnership for BESS
Especially, the US storage market has actually been on the path of development and is anticipated to advance its path of growth complying with the Inflation Reduction Act (IRA), which has provided a considerable press release in addition to manufacturing of energy storage space.
Jan 16, 2023 // Storage, BESS, Hanwha, LG Energy Solution, ESS, Inflation Reduction Act, manufacturing facilities
Mosaic Surpasses $10 Billion in Loans Funded for Residential Solar, Sustainable Homes in US
This double-digit milestone comes just seven weeks after announcing $9 billion in loans funded. The fintech company expects the Inflation Reduction Act to speed up clean energy items' fostering with customer incentives and tax breaks.
Nov 10, 2022 // Markets & Finance News, Wood Mackenzie, residential solar, Mosaic, Billy Parish, rooftop solar, Inflation Reduction Act, Congressional Bank, energy-efficient home improvements, fintech
Texas-Based Mission Solar Energy to Expand Solar Cell Production to 1 GW in 2024
The main statement by Mission Solar held that the business will certainly add to its 300 MW production capacity instantly, with plans to get to 1 GW every year in 2024. Previously, parent company OCI had held that the development envisages a financial investment of $40 million.
Nov 3, 2022 // Manufacturing News, Solar Energy, solar cell, solar module, Inflation Reduction Act, investment of $40 million, Jae Yang, Mission Solar Energy, OCI Company Ltd
Jupiter Power, Energy Vault Partner for 2.4 GWh of Domestic-Content-Qualified BESS
Energy Vault will concentrate on making the most of localization and also release of energy storage equipment that will get Inflation Reduction Act's Domestic Content Bonus Credit. Jupiter Power will certainly collaborate in siting the new domestic manufacturing facilities by making use of assets safeguarded for future Jupiter Power projects throughout the United States.
Sep 29, 2022 // Storage, USA, BESS, North America, battery energy storage systems, Jupiter Power, Andy Bowman, Energy Vault Holdings, Inflation Reduction Act, Marco Terruzzin, Domestic Content Bonus Credit
Canadian Solar Launches EP Cube Residential ESS
Canadian Solar, which produces solar PV modules, has actually announced that its majority-owned subsidiary CSI Solar, will release EP Cube, a lightweight as well as sleek all-in-one residential power storage option. The innovative item will certainly be revealed at RE+ trade convention on September 19-22, 2022, in Anaheim, California.
Sep 14, 2022 // Storage, Canadian Solar, clean power, Inflation Reduction Act, EP Cube, Smart Gateway
Spain's PV Hardware to Establish Solar Tracker Facility in USA
The capacity of the new facility will be 6 GW as well as it will be operational by June 2023. The new factory of PV Hardware in the U.S.A. will certainly be its 3rd wholly-owned manufacturing facility in the world.
Sep 12, 2022 // Manufacturing News, clean energy, USA, PVH, North America, PV Hardware, Solar Tracker, Inflation Reduction Act
United States could exceed 50GW of solar manufacturing capacity by 2030 thanks to IRA rewards, SEIA says
The United States could exceed 50GW of solar manufacturing capacity by the end of this years with the right application of motivations included in the nation's recently passed Inflation Reduction Act (IRA).
Aug 19, 2022 // Market Research, USA, SEIA, North America, tax credits, domestic manufacturing, Inflation Reduction Act, us manufacturing
REC Silicon's planned Moses Lake reopening underpinned by Inflation Reduction Act, chief executive officer claims
REC Silicon is progressing with efforts to restart procedures at its Moses Lake polysilicon production center in the United States, a step the firm claimed is underpinned by the passage of the country's Inflation Reduction Act (IRA).
Aug 18, 2022 // Manufacturing News, USA, polysilicon, North America, REC Silicon, polysilicon production, moses lake, Inflation Reduction Act
US House of Representatives passes US$ 369 billion Inflation Reduction Act, Biden expected to sign right into law imminently
The US House of Representatives on Friday passed the Inflation Reduction Act (IRA). The largest climate package in United States background will certainly currently transfer to the desk of President Joe Biden, where it is anticipated to be authorized right into law as very early as today.
Aug 15, 2022 // Manufacturing News, Markets & Finance News, USA, ITC, North America, investment tax credit, biden, itc extension, Inflation Reduction Act, production tax credit, us house of representatives