Energy Storage News•about 1 month ago
US BESS industry is ‘primed for years of growth’: Enertis Applus+ on financing storage in the FEOC era
Key Takeaway
The US BESS market is set for significant expansion, but successful project development and financing will hinge on adeptly navigating the complexities introduced by FEOC regulations and evolving supply chain dynamics.
AI Summary
- •The US Battery Energy Storage System (BESS) market is poised for significant, sustained growth in the coming years, driven by increasing demand and supportive policies.
- •Financing BESS projects is a central theme, with new complexities and opportunities arising from the current regulatory landscape.
- •The 'Foreign Entity of Concern (FEOC)' regulations are a critical factor, impacting BESS supply chain choices, project eligibility for incentives, and overall financing strategies.
- •Developers and IPPs must strategically navigate FEOC compliance to secure financing, optimize project costs, and ensure long-term viability in the evolving US BESS market.
Topics
financingiraoempolicystorage