The administration of US President Joe Biden has raised tariff rates on PV cell imports from China from 25% to 50%. It has also increased the tariff rates for semiconductors, electric vehicles, and EV batteries from China, among other goods.

Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023.

The market for home storage is growing at a record pace across Europe. For example, in its latest market study for residential energy storage, SolarPower Europe calculates an increase in storage capacity of 71% (3.9 GWh) in the most likely scenario for the past year.