Energy Storage News•15 days ago
GridStor warns of industry slowdown as US Treasury guidance delays BESS decisions
Key Takeaway
Uncertainty from US Treasury guidance and tariffs is causing significant delays and a slowdown in the BESS market, directly impacting project development and financing for developers and large power consumers.
AI Summary
- •US Treasury guidance and existing Section 301 tariffs are creating significant uncertainty and delays for Battery Energy Storage System (BESS) projects.
- •BESS developer GridStor warns of an industry slowdown, impacting project timelines and potentially increasing costs for developers and large power consumers.
- •Navigating FEOC (Foreign Entity of Concern) rules and tariffs is a critical challenge, requiring strategic adjustments for BESS deployment in the US.
Topics
financingirapolicystorage