US energy storage industry ready to commit US$100 billion domestic supply chain investment but reforms are needed, ACP says
April Bonner | Source: Energy Storage News | Posted 05/02/2025
Clean energy trade body American Clean Power Association (ACP) announced a commitment on behalf of the US energy storage industry to invest US$100 billion in building and buying American-made grid batteries.
AI generated summary
The American Clean Power Association (ACP) has announced a commitment from the US energy storage industry to invest $100 billion in domestic supply chain development for grid batteries. This investment aims to establish new manufacturing facilities and procure American-made batteries, potentially creating around 350,000 jobs while enhancing energy security and reliability in the US. The ACP emphasizes the importance of a pro-business environment, including stable tax and trade policies and streamlined permitting processes, to achieve the goal of supplying 100% of US energy storage projects with American-made batteries by 2030.
However, the industry faces challenges, including potential tariffs and policy uncertainties that could hinder investment and project financing. Recent discussions highlight the impact of tariffs on project economics, with concerns that these could slow down the growth of the battery energy storage systems (BESS) market. Despite these challenges, industry leaders remain optimistic about the profitability of energy storage and the need for supportive policies to foster a competitive environment for domestic supply chains.
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Source Link: https://www.energy-storage.news/us-energy-storage-industry-ready-to-commit-us100-billion/
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