Matthew Biss looks at how energy storage companies plan and mitigate tariff and tax credit risks within an uncertain policy landscape.
Energy tax credits “drive innovation, strengthen our economy, and create real opportunity,” according to US Republican Senator John Curtis.
Even during times of turmoil for the US renewable energy industry, IPPs are continuing to secure long-term offtake agreements in California.
Japanese manufacturer NGK Insulators’ proprietary battery tech features in a large-scale project that has just come online in its home country, as a pilot begins in the US.
The US House of Representatives has passed a version of the ‘One, Big, Beautiful Bill’ for budget reconciliation that has already been fiercely criticised for its energy provisions.
Fluence has taken a step forward in its strategy to “fully onshore production, as quickly as possible,” opening a new factory in the US.
The US and China have announced a 90 day ‘pause’ on their huge reciprocal tariffs while they continue negotiations, with the effective tariff on BESS more than halving to around 60%.
Uncertainty over trade tariffs has caused Fluence to lower its revenue and EBITDA guidance, although CEO Julian Nebreda said the company is “optimistic about the future of energy storage.”
Swift Current Energy has encountered a major stumbling block in developing a standalone BESS in Virginia.
Developer and IPP Leeward Renewable Energy’s (LRE) 88MW/352MWh Chaparral Springs battery energy storage system (BESS) in Kern County, California is now fully operational.
