Energy Storage Association applauds Senate committee for including energy storage tax credit in markup

The U.S. Energy Storage Association (ESA) applauded the U.S. Senate Finance Committee for including the energy storage investment tax credit in its markup this week.

“We cannot rely on yesterday’s infrastructure to deal with tomorrow’s climate. An ITC for storage is critical to achieve our country’s decarbonization goals and enable communities to be resilient to increasing disruptions from extreme weather. Modernizing our electric infrastructure with energy storage also spurs clean energy job growth across the country,” U.S. Energy Storage Association Interim CEO Jason Burwen said.

It is part of the Clean Energy for America Act, introduced by Senate Finance Committee Chair Sen. Ron Wyden (D-OR). President Joe Biden’s American Jobs Plan called for the ITC for energy storage, while the Made in America Tax Plan by the Treasury Department also included the ITC for storage. Further, more than 150 organizations sent a letter to U.S. House and Senate leaders requesting they include bipartisan legislation to make standalone storage projects eligible for the ITC in the upcoming infrastructure bill.

“We thank Chairman Wyden for advancing clean energy tax legislation through the committee with a storage ITC included, and ESA looks forward to working with Senate and House committees to ensure that additional incentives for sourcing from U.S. manufacturers and for siting projects in disadvantaged communities are crafted effectively,” Burwen said. “We urge Members of Congress in both chambers to ensure the storage ITC and related clean energy infrastructure investments are enacted into law this year. We have no time to lose in tackling the climate crisis with investments of unprecedented scale in resilient, clean energy infrastructure, including energy storage.”

Dave Kovaleski

Recent Posts

Utilities weigh in on strategies to secure critical electric infrastructure

The U.S. Department of Energy (DOE) received nearly 100 replies to a Request for Information…

23 hours ago

NREL working to install charging stations on streetlights in Kansas City

The National Renewable Energy Laboratory (NREL) is working with the Metropolitan Energy Center (MEC) to…

1 day ago

Florida Power & Light advances development of solar, clean energy facilities

As Florida Power & Light Company exits operation of its last coal-fired power plants, it is…

1 day ago

Alliance of California energy storage companies call on Congress to create storage investment tax credit

As Congress continues debates over infrastructure needs, the California Energy Storage Alliance (CESA) and more…

1 day ago

PUCO approves AES Ohio to invest $249M into four years of capital projects

The initial step in AES Ohio’s digital transformation efforts was greenlit by the Public Utility…

1 day ago

Florida PSC approves TECOʻs microgrid pilot program

The Florida Public Service Commission (PSC) approved a four-year microgrid pilot program for Tampa Electric…

2 days ago

This website uses cookies.