California utility Pacific Gas and Electric (PG&E) has announced its intent to return the Elkhorn battery energy storage system (BESS) to service by 1 June.
What does the 90-day reduction in US-China tariffs mean for the BESS industry? We hear from industry analysts while also discussing the topic with CATL and fellow China-based battery OEM Rept Battero.
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.
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.”
