Reasons for layoffs in overseas energy storage projects

About Reasons for layoffs in overseas energy storage projects

It has traditionally been difficult to secure project finance for energy storage for two key reasons. Firstly, the nascent nature of energy storage technology means that fixed income lenders and senior debt providers are naturally risk averse.

This continues our regular series of exclusive Energy-Storage.news Guest Blog contributions from Clean Energy Associates in 2025, following ‘For energy storage fire safety, will perception become reality? ‘ published in February, written by CEA market intelligence consultant Aaron Marks. The 2022.

PVTIME – Powin, an energy storage firm based in Oregon and headquartered in Tualatin, has filed a formal notice with local and state officials warning of a potential business shutdown. Under the Worker Adjustment and Retraining Notification (WARN) Act, the company can lay off almost 250 employees.

Mainland China accounts for most of the global energy storage demand, driven in the near term by regional requirements for new utility-scale wind and solar projects to include energy storage capacity. However, the Chinese market is entering an era of change. New policy introduced in February 2025.

Takeaways from the first day of Energy Storage Summit Latin America 2025, including the Chilean and Argentinian markets. The value of developers and optimisers in the BESS lifecycle, thinking about long-term risk and KPIs for maximising the asset have been key themes at the Battery Asset Management.

Stepping up efforts to develop new energy storage technologies is critical in driving renewable energy adoption, achieving China's 30/60 carbon goals, and establishing a new power system. In January 2022, the National Development and Reform Commission and the National Energy Administration jointly.

The Tualatin, Oregon-based company submitted a notice of potential cessation of business operations to local and state officials last week. Under the Worker Adjustment and Retraining Notification (WARN) Act, companies with 100 or more employees must notify workers at least 60 days ahead of closures.

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5 FAQs about [Reasons for layoffs in overseas energy storage projects]

Should energy storage be removed from energy grid connection?

For energy storage, the new Chinese policy emphasized the need to remove energy storage as a prerequisite for renewable energy project grid connection, a requirement that has been a major driver for battery build. Nonetheless, BNEF still expects strong demand for batteries, as the policy doesn’t explicitly require mandates to stop.

How much did energy storage enterprises raise in 2022?

From a regional perspective, energy storage enterprises in the top 10 provinces raised a total of RMB 45.3 billion in 2022, accounting for 92% of the national total.

Which energy storage projects have a low utilisation co-efficient?

According to a survey by the China Electricity Council, new energy distribution and storage projects have a low equivalent utilisation co-efficient of 6.1%, the lowest among the application scenarios, while the average for electrochemical energy storage projects is 12.2% (Figure 8).

Why is investor participation important in the energy storage industry?

Investor participation is beneficial for the development of the energy storage industry. Facing trends, they should keep a cool head in assessing business models to identify high-quality segments and targets.

When should a company notify employees of a layoff?

Under the Worker Adjustment and Retraining Notification (WARN) Act, companies with 100 or more employees must notify workers at least 60 days ahead of closures or layoffs. Powin explained in the letter that a layoff of nearly 250 employees (including the C-suite) will occur on or before July 28 if “present business circumstances do not improve.”