December 22, 2022: More than $40 billion in grid-scale clean energy investments, including several new battery storage plants, were announced in the US in the three months to November 30 – underlining the impact of policies issued by the federal government, the American Clean Power Association (ACP) said in a report released on December 14.
According to Clean Energy Investments in America report, six new grid-scale battery storage manufacturing facilities or facility expansions were unveiled between the passage of incentives under the Inflation Reduction Act on August 16 and November 30, 2022.
The report follows the release of a separate analysis by Benchmark Source, which showed that a total of 242GWh of lithium ion battery capacity was added to the US pipeline in the second half of 2022, compared to an increase of European battery pipeline capacity of 170 GWh over the same period.
The ACP report also cited consumer savings of more than $2.5 billion announced by utility companies that provide electricity to more than 15 million Americans. ACP says the companies clearly tie the savings to federal incentives that make new project investments less expensive, meaning utilities are less likely to rely on customer rate hikes. to finance projects.
ACP interim CEO and chief advocacy officer JC Sandberg said: “America is laying the foundation to become a manufacturing powerhouse. This growing sector will create thousands of good-paying jobs in communities across the US and help reduce dependence on foreign energy sources to meet our domestic needs.
