Battery Storage Is at Risk of a 29% Slump on Trump's Energy Policy, WoodMac Says
The US energy storage market is at risk of shrinking 29% next year if Republican lawmakers move forward with severe cuts to tax credits for the technology, according to a report from Wood Mackenzie and a clean-power lobbying group.
Uncertainty around tariffs and policy has paused decision-making for utility-scale battery projects originally scheduled to start up in 2026, said Allison Weis, Wood Mackenzie's global head of energy storage, power and renewables. While the current Senate version of President Donald Trump's fiscal package softens the blow to the industry, the exact impact is still unclear, she said.
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