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About the Episode:
The battery storage sector is [finally] stabilizing with 90% of the IRA tax credit rules now in place, providing developers more clarity and perhaps more certainty. However, domestic production, financing, and evolving tax credit policies still pose challenges, particularly to product development. As developers, you must contend with government policies, geopolitical tensions, supply chain disruptions, and safety concerns, all of which can delay projects and affect their long-term viability. And battery suppliers/manufacturers are all sorting out the wants versus the needs of developers as the market gets increasingly crowded & pushes the envelope on size & density.
In a recent live discussion, Fluence President John Zahurancik addresses these complexities, highlighting efforts to expand U.S. battery production and improve safety through rigorous fire safety testing.
Expect to learn:
How storage wasn’t traditionally driven by policy, until the IRA & 45x, but policy is now reshaping storage projects and driving domestic production.
Why 4-hour storage systems are most common and what’s needed to advance longer-duration technologies.
What is the potential impact of the upcoming election on renewable energy and trade policy.
To watch this and other insightful conversations recorded live at the PowerUp Live Podcast Stage in Anaheim during RE+ 2024, check outwww.suncast.live!
NOTEWORTHY QUOTEs:
“If you’re on the Democratic side, and you strongly feel that stewardship and climate issues are what’s driving it, that’s one side. If you’re on the Republican side, you see domestic jobs, U.S. manufacturing, and economic benefits. What we’ve seen with storage—and increasingly with solar and renewables—is that there’s something for everyone across the political spectrum.”
“This is a dynamic market, having sources of supply close to this market so we can take out risks of transportation, risks of weather disruption, risks of terrorism, and geopolitical concern. I think that’s beneficial even if the costs are a little bit higher.”
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ABOUT THE HOST OF SUNCAST:
Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.
Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.
You can connect with Nico Johnson on Twitter, LinkedIn or email.
If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 15 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.