Leveraging the Inflation Reduction Act and MACRS Depreciation
Researching and leveraging government incentives and financial optimization is vital to make the deployment of energy assets as cost effective as possible. The recently launched Inflation Reduction Act (IRA) offers a 30% incentive on energy storage through 2032 in the...
EV Batteries Have a Brief Maximum Charging Rate
Understanding how energy storage supports EV charging sites requires a mixture of knowledge in both upstream grid functionality and downstream EV battery demands. Sparkion’s technology simultaneously matches energy storage support with the needs of the exact site at a...
Energy Storage is Vital to Support NEVI Sites
In 2021, the $5B NEVI Formula (National Electric Vehicle Infrastructure Formula Program) was introduced by the Biden Administration. The program supports the creation of a national EV charging corridor. In short, it will fund 80% of site infrastructure costs for...
Widespread Installation of Direct Current Fast Chargers will Place a Dangerous Strain on the Utility Grid
Direct Current Fast Chargers (DCFC), refers to a particular method of electric vehicle (EV) charging that has the ability to charge vehicles at incredibly high speeds and thus, can serve a far greater volume of drivers on any given day. However, a single DCFC can use...
The Story of Sparkion
Sparkion started its journey as a power electronics engineering company, whose initial focus was set squarely on leveraging energy storage technology to extend the life of battery modules. Early on, the company patented a unique “switching” technology that allowed for...