What types of energy storage policies have been adopted?

Around 15 states have adopted some form of energy storage policy, including procurement targets, regulatory adaptation, demonstration programs, financial incentives, and/or consumer protections. Several states have also required that utility resource plans include energy storage.

Can the energy storage sector be supercharged?

Policymakers in the United States and Europe continue to put forth measures meant to supercharge the energy storage sector toward a promising future. Even with near-term headwinds, cumulative global energy storage installations are projected to be well in excess of 1 terawatt hour (TWh) by 2030.

Is Eos a transportable supply chain?

“Our supply chain strategy was designed to be transportable,” said Joe Mastrangelo, Eos Chief Executive Officer. “We can co-locate manufacturing capacity near customer demand and not only provide innovative energy storage, but sustainable jobs in regions that have demand for our technology.

How many states have energy storage policies?

As of now, around 15 states have adopted some form of energy storage policy, including procurement targets, regulatory adaptation, demonstration programs, financial incentives, and/or consumer protections. Several states have also required that utility resource plans include energy storage.

What is a common practice for energy storage project contracts?

It is common practice to see multiple equipment supply, construction, and installation contracts rather than one turnkey engineering, procurement, and construction (EPC) contract for energy storage projects.

Should energy storage projects have multiple construction contracts?

For energy storage projects, it is common practice to have multiple contracts for equipment supply, construction, and installation, rather than a single turnkey engineering, procurement, and construction (EPC) contract. This approach helps manage construction risks.