H.I.G. Capital-backed energy platform, Greenflash Infrastructure, has safe harboured more than 10GWh of lithium-ion (Li-ion) energy storage capacity.
Greenflash says that in addition to its safe harbour position, it currently holds over 1GWh of battery supply available for near-term deployment, with an additional 2GWh scheduled for delivery in March 2026.
Together, the safe harboured equipment and the readily available inventory lower the risk of prolonged manufacturing delays and supply chain disruptions, while maintaining the flexibility to capitalise on applicable investment tax credit (ITC) frameworks, depending on final regulatory guidance and specific project conditions.
The company also states that this combined position enables it to support faster Commercial Operation Dates (CODs) for projects at the GWh scale, depending on interconnection readiness and specific project conditions.
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Chinese energy storage companies working in the US encounter major hurdles due to federal policies aimed at decreasing reliance on foreign entities of concern (FEOC) in the supply chain.
The ‘One Big, Beautiful Bill Act’ (H.R. 1) kept investment and production tax credits for battery storage through 2033. However, it added restrictions that disqualify projects from tax benefits if they receive substantial aid from restricted foreign entities, such as China, beyond specified limits.
These restrictions apply to everything from materials and finished products to investment and service agreements, posing significant challenges for an industry where approximately 75% of US Li-ion battery imports are sourced from China.
The FEOC thresholds begin at 55% for projects commencing construction in 2026 and increase to 75% for those commencing after 2029.
Projects that are already sufficiently progressed can continue as before. This safe harbour status is believed to cover a substantial portion of supply deals signed by Chinese players.
This creates an immediate opportunity for advanced pipeline projects with existing Chinese supply deals, though the long-term impact will likely be substantial.
Greenflash did not disclose the source of the cells or specifics regarding what projects they may be utilised in.
In October 2025, the company closed a hybrid tax capital and debt financing for Project Soho, a 400MW/800MWh standalone BESS project in Brazoria County, Texas.
Greenflash claims the project is the largest standalone battery energy storage system (BESS) currently under construction in Texas and is ahead of schedule to energise in Q1 2026 and achieve commercial operations in Q2 2026.
The transaction included a preferred equity investment from funds managed by Wafra, a global alternative investment manager.
The Energy Storage Summit USA will be held from 24-25 March 2026, in Dallas, TX. It features keynote speeches and panel discussions on topics like FEOC challenges, power demand forecasting, and managing the BESS supply chain. For complete information, visit the Energy Storage Summit USA website.
