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%.
We caught up with the president of OCI Energy, a developer-operator with a 4-hour BESS in Texas, about the longer duration, long-term project ownership and why the current US-China tariffs create a huge challenge for procurement.
A total of 26 battery energy storage projects in Japan have been selected for contracts through the Long-Term Decarbonisation Power Source Auction (LTDA) for 2024.