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Summary
The U.S. energy storage industry has a powerful set of new tools in 2023 to help decarbonize the nation’s power grid. The Inflation Reduction Act created an up to 30% investment tax credit for stand-alone energy storage projects, along with a host of additional incentives for qualifying solar-plus-storage and stand-alone installations. In place for the next decade, the expanded federal tax credits are widely expected to catapult battery storage assets well beyond early adopters in California and Texas.
Join our panel of experts to discuss the opportunities and the considerable challenges ahead.
- Growth estimates for front-of-meter, behind-the-meter and solar-plus-storage projects
- Cost competitiveness of energy storage
- Strategic storage opportunities at retired coal plants and other fossil fuel-focused “energy communities”
- Limitations to growth, ranging from supply chain shortages to interconnection bottlenecks
- Energy storage performance
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Moderator
S&P Global Commodity Insights
Garrett Hering
Senior Reporter
Garrett is a veteran energy reporter whose career tracks the emergence of renewables from laboratory curiosities
Speakers
S&P Global
Steve Piper
Director of Energy Research
Steve Piper is Director of Energy Research with S&P Global Market Intelligence.
Sam Wilkinson
Director, Clean Technology and Renewables
Sam Wilkinson is an expert on the solar PV, batteries and energy storage industries. He is an director within the Clean Energy Technology & Renewables research team at S&P Global Commodity Insights.
Julie Blunden
Chief Operating Officer
Over more than 3 decades, Julie has rapidly grown emerging energy companies to leaders in their sectors from power generation to retail power, solar, energy storage and EV fast charging. In her executive roles at EVgo, SunPower, Green Mountain Energy, KEMA Xenergy and SunEdison, Julie has raised billions of dollars from the public and private capital markets to scale market expansion, manufacturing and customer acquisition.
John Zahurancik
Senior Vice President, President of Americas Region
As president of the Americas at Fluence, John is responsible for go-to-market implementation and honing customer-centric solutions for customers in the region. Prior to this role, John acted as chief operating officer where he directed the Fluence teams that create and deliver storage solutions and services to leading customers around the world. Working with progressive power system players, John and his teams create valuable business use cases for grid-scale storage, educate storage users in these benefits, manage the deployment of new systems, and help service these systems throughout their complete lifecycle.
Gabe Murtaugh
Storage Sector Manager
Gabe is the storage sector manager at the California ISO and focuses on strategy for grid evolution as the California energy market moves toward reduced greenhouse gas emission objectives.
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