Will Massachusetts help Boston-power build a new energy storage facility?
Enabling energy storage to continue to flourish in Massachusetts, state officials are working closely with Boston-Power to pursue state and federal financial incentives that will help the company to fulfill its plans of building the Auburn facility.
How much money does Boston-power need?
With support from Massachusetts officials, Boston-Power is seeking approximately $100 million under the U.S. Department of Energy&rsquo ’s advanced battery and cell manufacturing grant program established as a part of the American Recovery and Reinvestment Act.
Who is Boston-power?
Learn more. Boston-Power (北京波士顿电池技术有限公司) is a developer and manufacturer of next-generation lithium-ion battery cells, blocks, modules and systems.
Will energy storage grow in 2024?
The energy storage sector maintained its upward trajectory in 2024, with estimates indicating that global energy storage installations rose by more than 75%, measured by megawatt-hours (MWh), year-over-year in 2024 and are expected to go beyond the terawatt-hour mark before 2030.
How many jobs will Boston-power add to China?
Extending the mass manufacturing capabilities Boston-Power already operates in Greater China, the 455,000 square foot Auburn facility would add 600 new jobs at Boston-Power and as many as 2,000 more indirectly through the extended supply chain.
Will the Bess market reach 200gwh in 2024?
The BESS market has gone through a rapid period of growth. New installations are set to exceed 200GWh in 2024 across the grid and behind-the-meter market. As recently as 2022, this was a level that the market was not forecasted to reach before 2030.
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