Technical FAQs 4

What are energy storage procurement contracts?

Energy storage procurement contracts must also take into account the ever-evolving suite of laws and regulations applicable to energy storage projects, including as a result of the recent change in administration in the United States.

Will a new tax policy affect the lithium-ion battery market?

Another year of growth in the utility-scale storage market also marked a second consecutive year of record lows in the installed cost of lithium-ion batteries. However, trade actions and changes to tax policy have the potential to increase costs and dampen short-term growth.

How much does a lithium-ion battery cost?

Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour, BloombergNEF (Dec. 10, 2024) Id. Id. U.S. Storage Energy Monitor, Wood Mackenzie Power & Renewables/American Clean Power Association, at 3 (Dec. 2022).

What are energy storage contracts?

These contracts allocate the risks of project development, construction, and performance between the parties and include the price that will be paid by the utility for the resource or the energy storage services that are to be provided.

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