How will the new US government impact energy storage?

The result of the 2024 US presidential election means there is uncertainty about future prospects for the renewable energy sector. New president Donald Trump has been hostile in the past towards parts of the renewables industry – particularly wind energy – but has also made pronouncements indicating he is more favourably inclined to solar energy, for example. Though Trump has been highly critical of wind turbines, in contrast, during a speech in 2023, Trump acknowledged that he did “like the concept of solar”. Given these mixed messages about different types of renewable energy, there is considerable doubt about how the sector will be impacted by the new administration.

Given the prevailing uncertainty, and in an effort to address the concerns of energy storage investors and developers, Tamarindo, in partnership with Troutman Pepper Locke, convened a panel of energy storage industry experts to discuss the following topic ‘Post-US election, how can you maximize global energy storage investment in 2025?’

Panellists covered issues including potential tariff changes, the future of the Inflation Reduction Act, the risk of equipment shortages and the prospects for the US manufacturing industry. The panel members were:

• Ingmar Grebien, managing director at Goldman Sachs
• Niels Jakeman, head of origination energy Europe at NORD/LB
• Richard Wagstaff, head of project development at Gore Street Capital
• Peter Rood, chief development officer at Spearmint Energy
• John Leonti, partner at Troutman Pepper Locke
• Roberto Jimenez, executive director, BW ESS
• Victor Owen, director at Green Giraffe Advisory
• Vaughn Morrison, partner at Troutman Pepper Locke
• Leonard Monni, analyst at BW ESS
• Christine Byrnes, partner at Troutman Pepper Locke
• Ali Qureshi, country manager UK at Atlantica Sustainable Infrastructure

Published by Tamarindo in partnership with: