ACP Statement on 301 Tariffs for Battery Storage

Press Release

May 14 2024

WASHINGTON DC, May 14, 2024 鈥擳he 91福利大全 Association (ACP) released the following statement today from ACP CEO Jason Grumet after the Biden Administration鈥檚 decision on Section 301 tariffs related to听lithium-ion batteries for energy storage:听

鈥淭oday鈥檚 decision recognizes the value of battery energy storage and its importance to the reliability of our electric grid. As energy demand grows, battery energy storage is lowering costs for American families and businesses. Moreover, this emerging industry is building new manufacturing facilities and bringing thousands of jobs to communities across the United States.听听听

鈥淣ewly enacted tax credits for energy storage, along with U.S. Department of Energy programs supporting the ramp up of domestic manufacturing, will continue to be critical to America’s energy dominance.鈥澨�听

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