Energy storage industry gets bipartisan support from Senate

The Electricity Storage Association (ESA) applauded today the reintroduction of energy storage legislation by U.S. Senators Ron Wyden (D-OR), Susan Collins (R-ME), Jeff Merkley (D-OR), and Angus King (I-ME) that would create an investment tax credit (ITC) for energy storage technologies of all types and help level the playing field for an industry that has enormous potential to increase the reliability, security, and efficiency of the nation’s electric grid. The Storage Technology for Renewable and Green Energy Act (STORAGE) Act was originally introduced in the 112th Congress in both chambers with bipartisan support. It closely mirrors the bill recently introduced in the House, H.R. 1465.

“We are delighted that Sen. Ron Wyden, chairman of Senate Energy and Natural Resources and a longtime supporter of energy storage, and senators Collins, Merkley and King, all staunch supporters of clean energy technologies, understand the value of energy security and have taken such a strong interest in energy storage,” said Brad Roberts, Executive Director of the ESA. “Energy storage technologies help all resources – whether renewable or traditional – run more smoothly. Our applications are now operating on the grid and have proven to be of enormous benefit; this tax credit will help developers secure private sector equity and debt financing to truly scale this industry.”

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

The Solar Fastener Expert by Mudge Fasteners. Your Source for Solar Industry-Related Hardware

The Solar Fastener Expert by Mudge Fasteners. Your Source for Solar Industry-Related Hardware

3M™ Extreme Sealing Tape is a family of single coated, pressure sensitive adhesive tapes designed for difficult sealing applications. The backing on this tape is an ionomer film that is very tough yet flexible and abrasion resistant. The very soft and thick acrylic adhesive has excellent sealing properties and good outdoor durability. This single coated tape is designed to seal over an existing joint, seam, or penetration. The adhesive is designed to adhere well to the ionomer film so that overlapping tape joints can be made while maintaining a strong seal. 3M™ Extreme Sealing Tape - instant sealing that rolls on fast and looks good.