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Energy Business
Kinsey Grant Baker
Kinsey Grant Baker
Energy Central Team
 · Posted in Energy Business

NEWS: Storage integrator Powin warns of shutdown as market uncertainty swirls

Today in battery storage: Oregon-based Powin, one of the top integrators in the US, says it may shut down by July as tariffs, tax credit chaos, and project paralysis squeeze the sector. (Latitude Media)

  • Powin CEO Jeff Waters said the US storage market is in a period of “suspended animation,” given the risk of tariffs and IRA incentives that few entities—not utilities, developers, or suppliers—want to take on.

  • The broader problem? Unclear policy. Half of all post-2026 projects may be delayed or redlined if trade rules stay murky and IRA incentives falter.