December 22, 2022: Greater than $40 billion in grid-scale clear power investments, together with a number of new battery storage crops, have been introduced within the US within the three months to November 30 – underlining the influence of insurance policies issued by the federal authorities, the American Clear Energy Affiliation (ACP) mentioned in a report launched on December 14.
Based on Clear Power Investments in America report, six new grid-scale battery storage manufacturing services or facility expansions have been unveiled between the passage of incentives beneath the Inflation Discount Act on August 16 and November 30, 2022.
The report follows the discharge of a separate evaluation by Benchmark Supply, which confirmed {that a} complete of 242GWh of lithium ion battery capability was added to the US pipeline within the second half of 2022, in comparison with a rise of European battery pipeline capability of 170 GWh over the identical interval.
The ACP report additionally cited client financial savings of greater than $2.5 billion introduced by utility firms that present electrical energy to greater than 15 million People. ACP says the businesses have clearly tied the financial savings to federal incentives that make new challenge investments cheaper, that means utilities are much less more likely to depend on buyer fee hikes. to finance tasks.
ACP interim CEO and chief advocacy officer JC Sandberg mentioned: “America is laying the muse to grow to be a producing powerhouse. This rising sector will create hundreds of good-paying jobs in communities throughout the US and assist cut back dependence on international power sources to fulfill our home wants.
