Massachusetts utility-scale battery projects sell IRA tax credits for nearly $10 million

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Massachusetts utility-scale battery projects sell IRA tax credits for nearly $10 million

Four municipal utilities in Massachusetts, led by developer Lightshift Energy, are using Basis Climate to facilitate tax credit transfers for battery storage, with plans for up to 50 MW of capacity, ranging from 3 MW/9 MWh to 5 MW/22 MWh.Four utility-scale energy storage projects in Massachusetts have successfully sold their Inflation Reduction Act (IRA) investment tax credits (ITC), securing nearly $10 million in funding. The batteries range fr…