The long-duration energy storage dilemma

Energy Vault | 24 April 2023

President Joe Biden intends to veto a bipartisan effort to undo his moratorium on new solar tariffs if legislation is passed by Congress, according to a report from Reuters.

Reuters, which cited White House officials in the report on April 24, added that Biden does not intend to extend the tariff pause when it expires in June 2024 due to "strong trends in the domestic solar industry."

More than 400 companies signed a letter addressed to leaders in Congress on April 17 opposing the use of the Congressional Review Act to turn back Biden's executive order. The order was issued last June 6 in an effort to ease concerns that a federal trade investigation could stymy solar project development.

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