In Q2 2023, the Internal Revenue Service (IRS) released initial guidance on several key provisions within the Inflation Reduction Act, including: labor rules, bonus credits (1,2,3), direct payment, and transferability of the Investment Tax Credit (ITC) and Property Tax Credit (PTC), as well as the Advanced Energy Project Credit (48C).
[pdf] Standardized plug-and-play designs have reduced installation costs from $80/kWh to $45/kWh since 2023. Smart integration features now allow multiple containers to operate as coordinated virtual power plants, increasing revenue potential by 25% through peak shaving and grid services.
[pdf] Intersolar South America - Sao Paulo 2023 will be held from 29th - 31st August, 2023 at Expo Center Norte, Sao Paulo, Brazil. This is the premier exhibition and conference for the solar industry.
[pdf] The conference, held August 8-11, 2023, at the University of Colorado's main campus in Boulder, Colorado, will be a hybrid conference, with both online and in-person attendance options. The full speaker lineup is now online, and the hybrid platform is live for registrants.
[pdf] The grid connection backlog in the US increased by 27% year-on-year in 2023, with about 2.6TW of generation and storage capacity now seeking interconnection, according to a study from Lawrence Berkeley National Laboratory (Berkeley Lab).
[pdf] In 2023, the global LIB for ESS shipment posted 185GWh, 53% up from 121GWh in 2022. By region, 45% of the entire LIB for ESS demand was from China with the largest figure – 84GWh. While North America took up 30% with 55GWh, Europe and Other regions accounted for 12% each with 23GWh respectively.
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