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

Sun Xtender® Deep Cycle AGM Batteries

Sun Xtender® Deep Cycle AGM Batteries

Sun Xtender® Deep Cycle AGM Batteries for renewable energy storage are manufactured in the USA by Concorde Battery Corporation and are built to the same demanding standards crucial to supporting the aircraft industry. To facilitate maximum conductivity & charge acceptance Sun Xtender® batteries are constructed with copper alloy corrosion free terminals & robust intercell connections. Endurance and optimal float life are achieved through plates thicker than the industry standard. Sun Xtender® Batteries' AGM maintenance free design is an ideal solution for off grid and grid tied systems.