1. Clark spoke at a conference on battery mass production in Stockholm, emphasizing the cost of batteries for different industries.
2. European companies like Northvolt and Freyr are considering their strategies in North America due to the region’s clear and simplified approach to battery manufacturing.
3. The USA is adopting a similar approach to China in incentivizing clean energy projects, with potential costs estimated to be around $1 trillion.
At a conference in Stockholm, Sweden, Clark discussed the cost and components needed for mass production of batteries in the region, highlighting the financial backing available. He emphasized the need for Europe to simplify its approach to compete with North America and China in the industry. European Commission executive VP Maroš Šefčovič also spoke about the EU’s efforts to support the battery manufacturing ecosystem.
Investor Anthony Tse discussed the US strategy of offering incentives and penalties to drive clean energy manufacturing, estimating a significant cost for the country. He compared the approaches of China, the US, and Europe in incentivizing industry growth. The US’s Inflation Reduction Act includes tax credit incentives for clean energy projects, including energy storage.
Solar Media, the publisher of Energy-Storage.news, will host the 5th Energy Storage Summit USA in 2024 in Austin, Texas, focusing on accelerating the energy storage market in the country. The event will feature industry leaders discussing strategies to promote energy storage projects across the US. For more information, visit the event’s website.