A U.S. investment company set up an independent investment department of energy storage, the goal is to invest $3 billion over five years. The company announced the establishment of an independent battery energy storage investment unit on September 13. Although it is not explicitly stated, the company is based in the United States. Before the Inflation Reduction Act, independent energy storage in the United States was only eligible for the Investment Tax Credit (ITC) for power stations connected to generation, and now independent energy storage is also eligible for this tax credit.

The company has completed a $200 million investment in a 300 MW /600 MWH battery energy storage system project at an undisclosed location. Depending on capacity and storage time, the project could be located on the grid in Texas. The company says this is its largest investment in a single project to date.

Investment firms in the United States are ramping up investments in independent energy storage. These initiatives are expected to promote the development of energy storage technology in the United States and provide more support for the promotion of sustainable energy.

This article is extracted from ESCN and will be removed if infringing.

Reference website:www.escn.com.cn