{"id":381411,"date":"2025-06-04T16:05:35","date_gmt":"2025-06-04T14:05:35","guid":{"rendered":"https:\/\/climatescience.press\/?p=381411"},"modified":"2025-06-04T16:05:36","modified_gmt":"2025-06-04T14:05:36","slug":"looming-us-battery-company-shutdown-imperils-aussie-net-zero-push","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=381411","title":{"rendered":"Looming US Battery Company Shutdown Imperils Aussie Net Zero Push"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"723\" data-attachment-id=\"381415\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=381415\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?fit=1024%2C1024&amp;ssl=1\" data-orig-size=\"1024,1024\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"OIG (71)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?fit=723%2C723&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=723%2C723&#038;ssl=1\" alt=\"\" class=\"wp-image-381415\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=768%2C768&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=800%2C800&amp;ssl=1 800w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=600%2C600&amp;ssl=1 600w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=200%2C200&amp;ssl=1 200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=450%2C450&amp;ssl=1 450w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=60%2C60&amp;ssl=1 60w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?resize=550%2C550&amp;ssl=1 550w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/wattsupwiththat.com\/2025\/06\/03\/looming-us-battery-company-shutdown-imperilling-aussie-net-zero-push\/\">Watts Up With That?<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Essay by<\/strong> <a href=\"https:\/\/wattsupwiththat.com\/author\/eworrall1\/\">Eric Worrall<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c\u2026 If Powin LLC\u2019s present business circumstances do not improve, it is currently anticipated that a layoff will occur on or before 28 July 2025 \u2026\u201d<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Main supplier to Australia\u2019s most powerful big battery warns it may go out of business<br><\/strong><br><a href=\"https:\/\/reneweconomy.com.au\/author\/giles\/\">Giles Parkinson<\/a><br>Jun 3, 2025<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The US-based Powin, the main supplier to the Waratah Super Battery in New South Wales, the most powerful big battery to be built in the country, has warned that it may go out of business and be forced to lay off all its staff within weeks.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Powin has filed a letter with regulatory authorities in the US state of Oregon, where it is based, warning that it may be forced to shut down by July 28, or earlier, if business conditions do not improve.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a letter dated May 29, Powin warns that \u201cdue to unforeseen business circumstances, Powin LLC\u2019s situation, as well as the economy generally, remain dynamic and fluid.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The letter, signed by Powin\u2019s VP for human resources, Scott Getman, says. \u201cIf Powin LLC\u2019s present business circumstances do not improve, it is currently anticipated that a layoff will occur on or before 28 July 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It said: \u201cBoth Waratah Super Battery and Ulinda Park are well advanced, with 100% of Powin battery packs installed and commissioning activities progressing. Waratah Super Battery currently has around 240 MW available and is progressing through hold point testing.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAkaysha has mobilised its deep in-house engineering, delivery, asset management, and market operations teams to mitigate any risks to seamless project delivery.\u00a0<br><br>\u2026Read more:\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/reneweconomy.com.au\/main-supplier-to-australias-most-powerful-big-battery-warns-it-may-go-out-of-business\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/reneweconomy.com.au\/main-supplier-to-australias-most-powerful-big-battery-warns-it-may-go-out-of-business\/<\/a><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Powin is the main supplier for the big battery which is supposed to replace Eraring Coal Plant. The NSW government last year agreed to pay a billion dollars to Eraring to stay open until 2027, to stabilise the New South Wales state grid.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-watts-up-with-that wp-block-embed-watts-up-with-that\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"zS7Oy04QEb\"><a href=\"https:\/\/wattsupwiththat.com\/2024\/05\/23\/net-zero-nsw-state-government-to-pay-225-million-per-annum-to-a-single-coal-plant\/\">Not Zero? NSW State Government to Pay up to $225 Million per Annum to a Single Coal Plant to Remain Open<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Not Zero? NSW State Government to Pay up to $225 Million per Annum to a Single Coal Plant to Remain Open&#8221; &#8212; Watts Up With That?\" src=\"https:\/\/wattsupwiththat.com\/2024\/05\/23\/net-zero-nsw-state-government-to-pay-225-million-per-annum-to-a-single-coal-plant\/embed\/#?secret=TpMp2sMkaz#?secret=zS7Oy04QEb\" data-secret=\"zS7Oy04QEb\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">There were early warning signs of Powin\u2019s precarious financial situation, which somehow appear to have been overlooked during the Waratah project\u2019s due diligence. It took me 2 minutes of googling to discover that in 2023 a Chinese supplier took Powin to court for allegedly not paying their bills.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although the company raised&nbsp;<a href=\"https:\/\/www.energy-storage.news\/kkr-provides-us450-million-debt-financing-for-us-bess-firms-powin-and-peregrine\/\" target=\"_blank\" rel=\"noreferrer noopener\">US$200 million financing through a credit facility with influential US investment firm Kohlberg Kravis Roberts &amp; Co (KKR)<\/a>&nbsp;as recently as Q3 of last year, Powin cited \u201cunforeseen business circumstances\u201d impacting its performance in its notice letter last week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Late last year, one of Powin\u2019s battery suppliers, CATL, filed a complaint in a US court for alleged non-payment for battery cells supplied during 2023. The&nbsp;<a href=\"https:\/\/www.energy-storage.news\/catl-seeking-us44-million-in-overdue-payments-from-powin-for-battery-shipments-in-2022-23\/\" target=\"_blank\" rel=\"noreferrer noopener\">Chinese battery manufacturer claimed the US integrator had not paid for two shipments of cells<\/a>, worth CNY310 million (US$44 million).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Though the company has pushed into international markets including Australia, Europe and Latin America, Powin\u2019s announcement comes amid a backdrop of uncertainty for the US battery storage industry, driven by&nbsp;<a href=\"https:\/\/www.energy-storage.news\/will-the-90-day-us-china-tariff-pause-lead-to-stockpiling-or-further-paralysis-for-the-bess-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">US federal policy announcements including tariffs<\/a>&nbsp;and the possible repeal of tax credit incentives for&nbsp;<a href=\"https:\/\/www.energy-storage.news\/one-big-beautiful-bill-could-mean-almost-immediate-end-to-tax-credits-for-energy-storage\/\" target=\"_blank\" rel=\"noreferrer noopener\">clean energy manufacturing and deployment via the budget reconciliation bill<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026\u00a0\u00a0\u00a0Read more:\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.energy-storage.news\/powin-could-cease-operations-by-end-of-july-if-present-business-circumstances-do-not-improve\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.energy-storage.news\/powin-could-cease-operations-by-end-of-july-if-present-business-circumstances-do-not-improve\/<\/a><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Despite this apparent cashflow difficulty Powin was until recently able to secure access to serious loans.&nbsp;<a href=\"https:\/\/powin.com\/powin-secures-200-million-in-debt-capital-from-kkr-to-bolster-growth-and-innovation-in-energy-storage\/\" target=\"_blank\" rel=\"noreferrer noopener\">In October 2024, Powin announced they had secured a $200 million \u201crevolving credit facility\u201d<\/a>&nbsp;from investment giant&nbsp;<a href=\"https:\/\/en.wikipedia.org\/wiki\/Kohlberg_Kravis_Roberts\" target=\"_blank\" rel=\"noreferrer noopener\">KKR<\/a>. Perhaps KKR were expecting Powin\u2019s fortunes to improve after the November 2024 election.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Green energy pundits are already busy blaming Trump\u2019s tariffs for Powin\u2019s difficulties. My opinion is, given the economic turmoil of the last five years, perhaps Powin should have paid more attention to managing the risk of signing fixed price procurement and delivery contracts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There seem to be hints that Powin might have secured federal grants and moneys, but I didn\u2019t find anything definitive. Powin was certainly named in Biden era documents as a strategic green energy provider. If anyone has the patience to go dumpster diving through Powin public company statements and Biden administration online records, please post anything you find in comments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Waratah Super Battery when completed will have&nbsp;<a href=\"https:\/\/akayshaenergy.com\/projects\/waratah-super-battery#:~:text=The%20Waratah%20Super%20Battery%2C%20at,over%208%20Australian%20Football%20fields).\">a capacity of 1680MWh<\/a>&nbsp;\u2013 equivalent to just over&nbsp;<a href=\"https:\/\/en.m.wikipedia.org\/wiki\/Eraring_Power_Station\" target=\"_blank\" rel=\"noreferrer noopener\">half an hour of Eraring Coal Plant output<\/a>&nbsp;when fully charged. Given wind droughts covering the entire continent of Australia have occurred at least twice in the last five years, only the engineering challenged could believe a battery of this capacity is an adequate replacement for a plant capable of delivering a continuous 2880MW.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-watts-up-with-that wp-block-embed-watts-up-with-that\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"JFoMDufJrK\"><a href=\"https:\/\/wattsupwiththat.com\/2024\/05\/27\/night-time-wind-power-fails-across-the-entire-continent-of-australia\/\">Night Time Wind Power Fails Across the Entire Continent of Australia<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Night Time Wind Power Fails Across the Entire Continent of Australia&#8221; &#8212; Watts Up With That?\" src=\"https:\/\/wattsupwiththat.com\/2024\/05\/27\/night-time-wind-power-fails-across-the-entire-continent-of-australia\/embed\/#?secret=5ARD6DzPry#?secret=JFoMDufJrK\" data-secret=\"JFoMDufJrK\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Even though Waratah Super Battery spokespeople are claiming \u201c100% of Powin battery packs\u201d have been installed, it must be a deeply uncomfortable situation to have spent hundreds of millions of dollars on a product which is meant to serve as the backbone of an entire state\u2019s electricity grid, only to see the supplier start cease trading proceedings. You can\u2019t pursue a warranty claim against a company which no longer exists. Having said that,\u00a0<a href=\"https:\/\/akayshaenergy.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Akaysha Energy<\/a>, which is managing the Waratah battery project, has promised to mobilise \u201c\u2026 its deep in-house engineering, delivery, asset management, and market operations teams to mitigate any risks to seamless project delivery.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Main supplier to Australia\u2019s most powerful big battery warns it may go out of business<\/p>\n","protected":false},"author":121246920,"featured_media":381415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818216,691835586,691818154,691835585,691835584],"class_list":{"0":"post-381411","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-australia","9":"tag-battery-storage-industry","10":"tag-net-zero","11":"tag-us-based-powin","12":"tag-waratah-super-battery-in-new-south-wales","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/06\/OIG-71.jpeg?fit=1024%2C1024&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1BdN","jetpack-related-posts":[{"id":270050,"url":"https:\/\/climatescience.press\/?p=270050","url_meta":{"origin":381411,"position":0},"title":"Europe faces Chinese cheap car \u2018invasion\u2019, Vauxhall owner\u00a0warns","author":"uwe.roland.gross","date":"28\/07\/2023","format":false,"excerpt":"Vauxhall owner Stellantis has warned of a coming \u201cinvasion\u201d of cheap Chinese cars as it pressures its suppliers to cut costs to compete.","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00Screenshot-2023-07-28-at-3.38.48-AM-1280x716-1.png?fit=1200%2C671&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":208867,"url":"https:\/\/climatescience.press\/?p=208867","url_meta":{"origin":381411,"position":1},"title":"Judge Hits Wind Farm &#038; Big Tesla Battery Owners With $4m Fines for Delivery Failures","author":"uwe.roland.gross","date":"17\/07\/2022","format":false,"excerpt":"Now and again the law catches up with the shysters that run wind farms and so-called big batteries. Failing to deliver on a promise ordinarily results in an order for damages to be paid to the unwitting victim. In addition, in a regulated electricity market, the regulator will sometimes join\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0battery-fire-geelong.webp?fit=584%2C391&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0battery-fire-geelong.webp?fit=584%2C391&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0battery-fire-geelong.webp?fit=584%2C391&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":395059,"url":"https:\/\/climatescience.press\/?p=395059","url_meta":{"origin":381411,"position":2},"title":"Household renewables pose cybersecurity risk: \u201cIf you want to make a hackers life easy\u2026\u201d","author":"uwe.roland.gross","date":"14\/08\/2025","format":false,"excerpt":"A couple of weeks ago at the Australian Clean Energy summit,\u00a0 there was a dawning realization that in our rush to diversify the energy grid we are\u00a0 accidentally \u201cdiversifying\u201d our cyber security risks too.","rel":"","context":"In \"Australian Clean Energy\"","block_context":{"text":"Australian Clean Energy","link":"https:\/\/climatescience.press\/?tag=australian-clean-energy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQOE1PDf2mspIi8nwnT3l54jDjMPM-2lodNNjohcoNb400Fcf8RGhE8kYQPH5FiIGPRTDXRa8RCnuCpVkA1CC-wxJq4jFDi9a1qUJi7PX0xgPHErMSGVytWX6noF23vijqrDX91AoEbGSh8rwiixzHKvLziV-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/08\/0AQOE1PDf2mspIi8nwnT3l54jDjMPM-2lodNNjohcoNb400Fcf8RGhE8kYQPH5FiIGPRTDXRa8RCnuCpVkA1CC-wxJq4jFDi9a1qUJi7PX0xgPHErMSGVytWX6noF23vijqrDX91AoEbGSh8rwiixzHKvLziV-1.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, 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