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.
Subsidiary of Nofar Energy, Nofar USA and subsidiary of Hanwha Qcells, Qcells USA, have signed an agreement to develop and construct 2 battery energy storage system (BESS) projects in Texas totalling 350MW/700MWh.
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.
According to the Q1 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), energy storage installations surpassed 12GW in 2024.
Utility and power generation firm Vistra will write down the value of its Moss Landing BESS to the tune of US$400 million in depreciation expense, its entire remaining book value.