The US storage market is in a “state of flux”, thoughts from industry leaders
“The US storage market is in a state of flux” according to Rho Motion’s Head of Research Iola Hughes at Benchmark’s GIGA USA 2025 event in Washinton DC. Hughes had the opportunity to sit down and discuss the market with representatives from Fluence, Samsung SDI, REPT Battero, and Prelude Ventures.
Strong growth in the US market is being overshadowed with uncertainty
Despite 24% growth across grid and BTM installations Jan-Apr 2025, and BESS accounting for a growing share of total battery demand, overshadowing the industry at present is the significant tariff uncertainty and the proposed “Big Beautiful Tax Bill”.
The US BESS supply chain is highly reliant on China and therefore has been hit hard by sweeping IEEPA tariffs.
Additionally, the proposed early phasedown and tightening of FEOC rules of 48E and 45X in the “Big Beautiful Tax Bill” could remove two significant support mechanisms for both BESS project development and the BESS domestic supply chain development.
Key take aways from industry leaders at GIGA USA 2025
Fluence – Suzanne Leta
Samsung SDI – Paul Dorsey
REPT Battero – Dr Vikash Venkataramana
Prelude Ventures – Katie Clasen
The panel discussed other developments including continued improvements of LFP, innovation in software, and the potential for sodium ion.
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