A resolution aimed at rescinding access to the 45X manufacturing tax credit for companies with links to ‘adversarial foreign governments’, primarily China, has been submitted in the US House of Representatives.
Donald Trump has threatened to impose additional 10% tariffs on all goods from China once he takes office, which would compound existing tariffs the BESS industry already has to deal with.
Chinese EV giant BYD has launched what an executive claimed is the ‘world’s first high-performance’ sodium-ion BESS product, using its proprietary form factor Long Blade Battery cell.
We hear from two platforms facilitating domestic content investment tax credit (ITC) deals in the US, tax credit deal ecosystem Crux and procurement platform Anza, on how far the incentive has penetrated the energy storage market.
A 100MW thermal solar and molten salt energy storage system in Xinjiang, China, is set to be completed and grid-connected by the end of the year, part of a project which has deployed conventional solar PV.