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Forget EVs. Battery Makers Are Busy Bolstering the U.S. Power Grid.
The recent U.S. policy effectively blocking Chinese batteries for energy storage has opened opportunities for South Korean and Japanese battery manufacturers to strengthen their foothold in the U.S. power grid sector. This shift focuses attention on the changing dynamics of energy storage solutions, where geopolitical factors can drive market preferences and alignments. As companies adapt to regulatory landscapes, the repercussions may extend to currency movements, particularly in JPY and KRW, as these nations’ economies stand to benefit.