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."

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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.