ACORE Statement on Today’s Introduction of a Bipartisan Senate Energy Storage Tax Credit Bill

Statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE)

"A federal tax credit for energy storage would have a transformative impact on America's economy, promoting private sector investment and helping monetize the value of energy storage technology. Energy storage improves grid flexibility and provides a wide range of services that enhance reliability and resilience, while enabling greater renewable energy integration.


"We commend Senators Heinrich and Gardner, along with the bill co-sponsors, for re-introducing this important bipartisan legislation and look forward to working with them to enact it as soon as possible."

##


About ACORE:
The American Council on Renewable Energy (ACORE) is a national nonprofit organization that unites finance, policy and technology to accelerate the transition to a renewable energy economy. Founded in 2001, ACORE is the focal point for collaborative advocacy across the renewable energy sector, supported by hundreds of members spanning renewable energy technologies and constituencies. Every year, ACORE convenes top business leaders and policymakers at its annual forums on finance, policy and grid technology in New York, Washington, D.C. and San Francisco. For more information about ACORE, please visit www.acore.org and follow @ACORE on Twitter.

Featured Product

Early Fire Detection System for Battery Storage & Charging

Early Fire Detection System for Battery Storage & Charging

Revolutionizing safety in battery reliant industries, our early fire detection system uses thermal cameras to spot early signs of battery thermal runaway. It triggers alarms and notifies users via text, voice, or email, ensuring rapid response to potential hazards. Proactive and reliable, our system sets a new standard in fire prevention for enhanced peace of mind in battery storage and charging environments.