Energy Storage Equipment Foreign Trade: A Global Power Play
This article''s for anyone who wants to ride the tsunami of global demand for energy storage solutions without getting swept under by regulatory riptides or cultural misunderstandings.
Two major areas of international trade that will remain causes of concern for energy storage projects are the application of tariffs and supply chain integrity.
Negotiating fixed-price supply agreements with suppliers and EPC contracts with contractors allows developers to shield themselves from the impact of tariff increases. In these contracts, the price of the equipment or materials is set for the duration of the agreement, protecting the developer from import costs.
There have also been indications that the US administration may consider other tariff proposals impacting energy storage, such as a 10–20% universal tariff, tariffs of up to 60% across the board on Chinese-origin goods, and tariffs of 25% on Mexican and Canadian origin goods.
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