We caught up with NeoVolta CEO Ardes Johnson about its US domestic BESS manufacturing partnership with Chinese firms Potis Edge and Longi, and how it has been structured to be FEOC compliant.
China-headquartered energy storage firm Gotion and US power electronics manufacturer Richardson Electronics have partnered to manufacture BESS. It comes at a time when Chinese companies are starting to sell down stakes in US assets amid new FEOC rules.
The US clean energy manufacturing industry is starting to undergo a wholesale restructuring and recapitalisation as companies look to reduce their exposure to numerous risks, including FEOC.
US Senators are expected to begin voting on the tax reconciliation bill today, with a draft published on Friday coming down hard on clean energy tax credits.
