Energy can be stored in batteries for when it is needed. The battery energy storage system definition is an advanced technological solution that allows energy storage in multiple ways for later use.
For well over a decade, we’ve seen an increasing number of renewable energy projects connected to the ERCOT GRID. Seems like we’re hearing more and more concern about system reliability due to what some refer to as the “Net Load” issue and understandably so.
On May 12, 2023, the IRS released Notice 2023-38 establishing the initial guidance on this bonus program and the standards on which projects will be evaluated, a safe harbor regarding the classification of certain components, and the promise of more guidance to come in the form of proposed regulations.
