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LG Energy Solution today announced that by the end of 2025, the company will invest more than $4.5 billion (KRW 5 trillion) in the company’s own U.S. business to further expand its battery production capacity. This new investment will allow the company to create a total of over 10,000 more jobs for new LG employees and subcontractors while securing an additional 70GWh in just the U.S. alone, and will be in addition to current and past investments.
LG Energy Solution today announced that by the end of 2025, the company will invest more than $4.5 billion (KRW 5 trillion) in the company’s own U.S. business to further expand its battery production capacity. This new investment will allow the company to create a total of over 10,000 more jobs for new LG employees and subcontractors while securing an additional 70GWh in just the U.S. alone, and will be in addition to current and past investments.
LG Energy Solution today announced that by the end of 2025, the company will invest more than $4.5 billion (KRW 5 trillion) in the company’s own U.S. business to further expand its battery production capacity. This new investment will allow the company to create a total of over 10,000 more jobs for new LG employees and subcontractors while securing an additional 70GWh in just the U.S. alone, and will be in addition to current and past investments.
Virtual #ESACon21 offers live and on-demand education sessions, including keynote discussions with prominent industry leaders, thought leader breakout discussions on topics that are critical to driving the industry forward, and opportunities to network and meet key players in the energy storage industry. The two-day virtual event is a must attend for anyone looking to expand their business, invest in, or develop partnerships in the energy storage industry. Attendees can attend from the comfort of their home or office.
A US$75 million national research and development (R&D) facility for energy storage is expected to be up and running by 2025, the US Department of Energy said yesterday. Called the Grid Storage Launchpad (GSL), 30 separate research laboratories will be hosted at the site including technology prototype testing chambers and other test labs that put energy storage technologies through their paces in real world electric grid conditions. It will also have workspaces where different teams can collaborate.
Pacific Gas & Electric (PG&E), one of California’s three main investor-owned utilities, has said that 1,400MW of battery storage to be deployed in its service area by the end of 2023 will keep the company on-track to meet statewide renewable energy goals “while ensuring grid reliability”.
A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.
Energy Storage Association Interim CEO Jason Burwen urged Congress to “follow the bipartisan example set today,” in passing the legislation, which he said would put energy storage on an equal footing with other clean energy technologies. ESA also pointed out in a statement sent to Energy-Storage.news that 60,000 people are already employed today in the US energy storage sector and Burwen said that the ITC could play a role in stimulating an economic recovery “with jobs that build a cleaner, more resilient future for all”.
A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.
Energy Storage Association Interim CEO Jason Burwen urged Congress to “follow the bipartisan example set today,” in passing the legislation, which he said would put energy storage on an equal footing with other clean energy technologies. ESA also pointed out in a statement sent to Energy-Storage.news that 60,000 people are already employed today in the US energy storage sector and Burwen said that the ITC could play a role in stimulating an economic recovery “with jobs that build a cleaner, more resilient future for all”.
The U.S. Energy Storage Association today urged Congress to pass bipartisan legislation that would make standalone storage projects eligible for the investment tax credit (ITC). Sen. Martin Heinrich (D-N.M.), Sen. Susan Collins (R-Maine), Rep. Earl Blumenauer (D-Ore.), Rep. Doyle (D-Pa.) and Rep. Vern Buchanan (R-Fla.) introduced the Energy Storage Tax Incentive and Deployment Act to remove limits on applying the tax credit to storage technologies only when integrated with ITC-eligible solar projects.
“Without more energy storage, the United States will fail to achieve its urgent climate and clean energy goals and miss an opportunity to make power infrastructure more resilient to climate change,” said Jason Burwen, Interim CEO of ESA. “We urge Congress to follow the bipartisan example set today and pass this legislation to put storage on the same playing field as other clean energy technologies. If it does, we can power the economic recovery with jobs that build a cleaner, more resilient future for all.”
The U.S. Energy Storage Association today urged Congress to pass bipartisan legislation that would make standalone storage projects eligible for the investment tax credit (ITC). Sen. Martin Heinrich (D-N.M.), Sen. Susan Collins (R-Maine), Rep. Earl Blumenauer (D-Ore.), Rep. Doyle (D-Pa.) and Rep. Vern Buchanan (R-Fla.) introduced the Energy Storage Tax Incentive and Deployment Act to remove limits on applying the tax credit to storage technologies only when integrated with ITC-eligible solar projects.
“Without more energy storage, the United States will fail to achieve its urgent climate and clean energy goals and miss an opportunity to make power infrastructure more resilient to climate change,” said Jason Burwen, Interim CEO of ESA. “We urge Congress to follow the bipartisan example set today and pass this legislation to put storage on the same playing field as other clean energy technologies. If it does, we can power the economic recovery with jobs that build a cleaner, more resilient future for all.”
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