Fueled by a flood of government support in the Inflation Reduction Act (IRA), companies announced 19 US battery component or mineral extraction projects, representing $6. 7 billion in planned investment, during the first 6 months of 2023, according to data compiled by the Big Green. . The company announced to installation partners that it will no longer produce products for the residential solar and storage market, but will continue to offer warranty and installation support for existing and ongoing projects. Panasonic will discontinue its solar and battery storage business, the. . Panasonic, once a household name in the solar panel and energy storage space, has officially exited the solar and battery storage market after decades of involvement. . Two high-profile battery manufacturing projects have been canceled, reflecting the challenges two companies face in the competitive and capital-intensive clean energy sector. Freyr Battery Cancels Plans for $2. Some companies are downsizing, delaying, or canceling projects that don't fit with the Donald J. news' enquiry relating to the news this week that SolarEdge will close down its Energy Storage Division, which was also covered by. .
