Why is the energy storage industry important?
“The energy storage industry is providing essential power when needed most while boosting domestic manufacturing and creating jobs across the country,” said Jason Grumet, CEO of ACP.
How many states have energy storage projects under construction?
The need for energy storage resources continues to be strong across the country, as 31 states currently have energy storage projects under construction.
How many energy storage supply chain companies are in development?
U.S. energy storage supply chain companies now have 25 factories in development, 11 of which are under construction or operational, according to the ACP fact sheet.
How is the energy storage industry preparing for a grid-scale energy storage supply chain?
The energy storage industry is making significant progress in laying the groundwork for a domestic battery energy storage supply chain, building or expanding more than 25 manufacturing facilities for grid-scale energy storage. With today’s investment commitment, the industry has announced plans to rapidly expand ongoing efforts.
How will trump's energy investment impact the battery industry?
This investment is expected to fuel the creation of 350,000 jobs across the battery energy storage industry and transform the United States into a global battery manufacturing leader. This announcement aligns with actions taken by the Trump Administration to unleash American energy and develop critical minerals in the United States.
How did the inflation Reduction Act affect the stationary storage industry?
The stationary storage industry’s fortunes improved further with the August enactment of the Inflation Reduction Act, which included billions in federal tax credits for clean energy manufacturing, deployment and generation.
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