China is changing the consumption-tax treatment of several battery technologies, giving sodium-ion batteries a temporary exemption through the end of 2028. According to an official announcement from China’s Ministry of Finance, General Administration of Customs and State Taxation Administration, lithium-ion batteries will face a 2% consumption tax from September 1, 2026, rising to 4% from September 1,…
A flurry of activity has been observed in commercial and industrial (C&I) energy storage, suggesting that industry players spy market potential in a traditionally underperforming segment of the market. Commercial and industrial (C&I) energy storage systems are deployed behind-the-meter (BTM) and generally help those with factories, warehouses, offices and other facilities to manage their electricity…
UK Government Urged to Update Energy Security Strategy The Energy Networks Association (ENA) has called on the UK government to update the British Energy Security Strategy to include the deliverance of an energy storage strategy by the end of 2023. The industry body believes this commitment should be unveiled in the upcoming Spring Budget,…
A solar battery bank is simply a battery bank used to store excess solar electricity that is surplus to the power needs of your home at the time it is generated. Solar batteries are important because solar panels only generate electricity when the sun is shining. However, we need to use power at night and…
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