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.
While the U.S. is not a dominant market for Latvian exports, it remains significant, especially considering the crucial role of exports in Latvia’s economy. The direct impact of U.S. tariffs on Latvia would, however, likely remain relatively small.
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.
An interesting issue will be the imposition of tariffs. There are existing tariffs pursuant to Section 301 of the Trade Act of 1974 on some Chinese-origin lithium-ion EV batteries and non-lithium-ion battery parts, which were increased to 25% in September 2024.
Our solar power systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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