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Deep Dive into the Alternative Fuel Infrastructure Tax Credit in 2022 and 2023

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The Section 30C Alternative Fuel Vehicle Refueling Property Infrastructure tax credit expired at the end of 2021; however, with the passage of the Inflation Reduction Act of 2022, the program was renewed for another 10 years with a few caveats. Learn more about the EV tax credit.

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DOE awards $98M in tax credits to automakers and suppliers for clean technology manufacturing

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The US Department of Energy (DOE) announced $150 million in clean energy tax credits to 12 businesses to build US capabilities in clean energy manufacturing; $98 million of that goes to five automakers and suppliers towards investments in domestic manufacturing equipment. Funded at $2.3 Funded at $2.3 Lead organization. Description.

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Hitachi developing packaged 1 MW Li-ion energy storage system for grid stabilization

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has developed a container-type energy storage system as a core energy product for ensuring the stable use of distributed renewable energy such as wind and solar power, while maintaining the power supply-demand balance. Hitachi, Ltd. s battery-related expertise.

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How Automotive Dealerships Can Save Money with Battery Energy Storage

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Paired with renewable energy sources like solar, wind, or other energy sources, facilities can use the BES system to store and harness solar power or as a backup power source by storing energy from the grid. Installing a BESS on-site helps alleviate this grid demand for EV charging.

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President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

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billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. These biocatalysts will aid the production of biofuels as a renewable energy source. President Obama announced the award of $2.3 GE claimed the largest of the battery-related awards, with a $25.5

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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However, while the new tax credit policy supports more growth based on BNEF’s long-term forecast, supply chain constraints cloud deployment expectations until 2024. Co-located renewables-plus-storage projects, in particular solar-plus-storage, are becoming commonplace globally. It excludes pumped hydro storage.

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Fisker reveals production-intent version of Fisker Ocean at LA Auto Show

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The base Fisker Ocean Sport trim level is priced at $37,499, before federal and state tax credits. Inside, the five-passenger Fisker Ocean has a fully vegan interior, using recycled materials, including reclaimed fishing nets, old t-shirts, and renewed rubber. The Fisker Ocean has a 17.1-inch

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