On May 30, Powin, an energy storage system integrator registered in Oregon, issued a notice that the company was facing the risk of ceasing operations at the end of July, citing "unforeseen business conditions". Powin said it would cut nearly 250 jobs.
According to foreign media reports, the reason for the shutdown may be the impact of tariffs and other trade barriers set up by the Trump administration, in addition, the U.S. government is also trying to reduce the clean energy incentives formulated by the Biden era.
According to the official website, Powin, founded in 2010, has deployed 11.3 + GWh energy storage projects worldwide and is currently building 6 + GWh energy storage projects. The company once ranked TOP3 as a global energy storage system integrator.