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0.000292397660818725 -0.000243664717348879 0.000730994152046811 0.000974658869395864 0.000243664717349053 -0.00730994152046777 -0.00828460038986346 -0.00925925925925915
Stock impact report

US battery station boom leaves hybrid wind projects far behind [Reuters]

Portland General Electric Co (POR) 
Last portland general electric co earnings: 4/24 05:00 am Check Earnings Report
US:NYSE Investor Relations: investors.portlandgeneral.com
Company Research Source: Reuters
The 2022 Inflation Reduction Act has accelerated the development of energy storage as renewable energy developers and utilities seek to widen their revenue streams. The legislation includes investment tax credits (ITCs) for standalone energy storage for the first time and offers a choice of ITCs or production tax credits (PTCs) for wind and solar developers. Previously, ITCs were only available for storage coupled with solar, fueling a surge in solar-storage facilities in recent years. The new tax credits improve the business case for 'hybrid' wind projects that are coupled with batteries but initial activity appears to be mainly concentrated in standalone batteries with separate grid connection points. Stand-alone storage is “gaining popularity” and the share of storage projects represented by hybrid facilities has fallen to 51%, compared with nearly 70% at the end of 2022, the American Clean Power (ACP) association said in its latest quarterly market report. Hybrid installa Show less Read more
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