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

Green Car Congress

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

Green Car Congress

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

Green Car Congress

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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How Automotive Dealerships Can Save Money with Battery Energy Storage

Blink Charging

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

Green Car Congress

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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Proposed California Bill SB-233 Mandates Bidirectional Charging for EVs to Advance Grid and Climate Protection

Driivz

The bill, SB-233 , aims to advance grid resilience and protect the climate by using EVs as “batteries on wheels,” tapping their stored energy to balance electricity supply and demand rather than bringing high-polluting peak generators online. Vehicle-to-building works much the same way but on a larger scale.

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Tesla Solar + Powerwall more than covers monthly payment after a week of VPP events

Teslarati

This was because his home is part of Tesla’s California Virtual Power Plant (VPP), which has been providing backup power to the grid as the state continues to deal with challenges brought about by the recent heatwave. . Mark Gillund placed his order for a Tesla Solar + Powerwall system in June last year.

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