Oil and gas major TotalEnergies has taken a final investment decision (FID) and started construction on a further six BESS projects in Germany, with Saft to provide the battery technology.
Trump’s dampening effect on US investor sentiment could lead to a flight to quality while tariffs will cause a surge in orders this year, writes Tao Kong, managing partner of developer Luminous Energy.
This year will see a shift in focus in the US market beyond the two leading states of California (CAISO) and Texas (ERCOT), BESS owner-operator Zenobē says.
Trump’s budget reconciliation bill looks like it could take aim at the current tax credits for downstream clean energy projects, and Clean Energy Associates’ base case is that they will be phased out by the end of the year.