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The Inflation Reduction Act of 2022 included, for the first time, a tax credit to make energy storage cheaper, which also made it cheaper to deploy solar and storage together. The IRA also had credits or loan guarantees for manufacturing and deploying energy storage in America. IRA made line go up.
16h
Costa Samaras
New record high for US battery manufacturing volumes in May.
18h
Industrial Production: Manufacturing: Durable Goods: Battery (NAICS = 33591)
fred.stlouisfed.org
Industrial Production: Manufacturing: Durable Goods: Battery (NAICS = 33591)
George Pearkes