Which international trade issues will remain a concern for energy storage projects?

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.

How does tariff risk affect a battery energy storage system (BESS) project?

Mitigating tariff risk in battery energy storage system (BESS) projects is crucial for ensuring project financial viability, as tariff changes can significantly affect cost structures and overall project economics.

Can lithium-ion batteries be shipped around the world?

Lithium-ion batteries can be shipped around the world; however, some transportation methods will have different rules. For example, the IATA and ICAO have specific rules for shipping lithium-ion batteries by air. There have been incidents of batteries causing fires within the aircraft and forcing emergency landings.

What is a battery energy storage system (BESS)?

As the energy industry continues to shift towards renewables, battery energy storage systems (BESS) are playing an increasingly critical role in ensuring grid stability and efficient energy management.

Are lithium-ion batteries safe to ship?

Things to consider when shipping lithium-ion batteries Because lithium-ion batteries are typically contained or encased within the equipment or products they power, smartphones, tablets, and laptops, they are considered safe to transport, as long as the metal or alloy cell in the battery does not exceed 1g.

Are storage batteries a priority for border detentions for forced labor evaluation?

Storage batteries have been indicated as a priority for border detentions for forced labor evaluation, and we expect to continue to see those goods identified as a concern.