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%.
US grid-scale energy storage solutions provider Energy Vault claimed its diversification into new geographies and business models “shielded” its backlog from tariff risk.
More product announcement news from last week’s ees Europe trade show and expo in Munich, Germany, with Sunwoda, Hithium, Rept, Canadian Solar, Sungrow and Aeson Power revealing new BESS solutions.
Battery recycling firm Livium, via its wholly owned subsidiary, Envirostream Australia, has broadened its recycling deal with BYD Australia to include battery energy storage systems (BESS).
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.”
