Energy Storage News•about 2 months ago
PGE receives regulatory approval to increase price of 1GW BESS portfolio, ‘significant changes’ to tariffs and ITC to blame
- •Portland General Electric (PGE) received regulatory approval to increase the price of its 1GW Battery Energy Storage System (BESS) portfolio.
- •The price increase is directly attributed to recent Federal Government changes in import tariffs and tax credits (ITC).
- •This development signals that federal policy shifts are significantly impacting the cost and financial viability of large-scale energy storage projects for developers and utilities.
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