Featured in Sunset for US incentives – 07&08-2025

Turbulent times for US energy storage

US President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4, dealing a blow to clean energy. The OBBBA kills many of the provisions in the US Inflation Reduction Act that were most impactful for the energy storage industry, and while no one is fully sure what comes next, many are bracing for turbulence, as Phoebe Skok reports.
Phoebe Skok
By
Phoebe Skok
Image: Contego

For many green financiers, the OBBBA poses a major investment risk. The expansive legislation has repealed billions of dollars in clean energy tax incentives, imposed new domestic content rules for renewables and expanded “foreign entity of concern” (FEOC) restrictions, many of which directly impact energy storage. It’s uncharted territory.“This is the first time in my …

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