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The U.S. Battery Energy Stationary Storage (BESS) landscape is being buffeted by two major policy shifts: first, changes to the subsidy regime for BESS and manufacturing—particularly the imposition of Foreign Entity of Concern (FEOC) restrictions under the One Big Beautiful Bill Act (OB3), which disqualify FEOC-linked content from key tax…
On April 28th, Spain, Portugal and parts of Southern France experienced one of the largest power outages in European history. The blackout lasted over 10 hours in many areas, affecting approximately 60 million people, resulting in nine fatalities and causing an estimated €2B-5B in economic loss.1 To the credit of…
President Trump’s second term administration has signaled its intent to pursue a devolution of federal responsibilities, favoring greater roles for state and local governments and the private sector. The shift is particularly evident in disaster resilience and preparedness, where the federal government has historically played a central role. We survey…
Section 01: Executive Summary This week, Chancellor Rachel Reeves delivered Labour’s first budget in 14 years, kickstarting the age of big spending by government. The Labour Government embarked on a bold new strategy in this week’s Budget. Against a backdrop of low growth and lower fiscal revenues, Chancellor Rachel Reeves…
