July 8, 2024

S&P GLOBAL: ‘Crossing of the Rubicon’: US battery brass navigate risks as storage surges

“We are hammering our suppliers to get us domestic content,” GridStor LLC CEO Chris Taylor said in an interview.

Using US cells can help developers meet requirements to qualify for a domestic content bonus tax incentive under the IRA.

Gridstor, which is focused on standalone battery storage, aims to qualify all of its projects for the additional incentive, which can add 10 percentage points atop a 30% investment tax credit.

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