Form Energy
A major multiday energy storage project in central Maine intended to ease congestion is moving forward thanks to $147 million in federal funding.
Signed into law Aug. 16, 2022, the IRA is the largest federal investment in climate and clean energy action in history, and leading up to the IRA’s second anniversary, the Department of Energy and other agencies have heralded the law’s impact and benefits.
A recent study found that deploying 37 GW of long-duration energy storage could help bring California to zero emissions by 2045.
FERC Commissioner Allison Clements said addressing transmission planning issues will be a key component of cutting down interconnection backlogs.
Form Energy hopes to use its long-duration iron-air batteries to firm up renewable energy generation across extended stretches in New England.
Dominion Energy asked Virginia’s State Corporation Commission to approve a long-duration energy storage pilot project testing two varieties of non-lithium-ion batteries.
Xcel Energy plans to pilot long-duration storage systems at two of its retiring coal plant sites, part of an accelerated timeline to transition away from coal.
New tax incentives for standalone storage in the Inflation Reduction Act will accelerate the pace and urgency of the energy transformation ahead.
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