A subcommittee of the US House Committee on Appropriations has approved more than a billion dollars in support for developing energy storage deployment, research and manufacturing in a funding bill for the 2021 Fiscal Year.
An ITC for standalone energy storage systems could finally become reality with its inclusion in a US$1.5 trillion infrastructure investment Bill, tabled by House Democrats.
Solar Energy Industries Association (SEIA) and Energy Storage Association (ESA) are among a group of six clean energy trade groups that have called on Congress to help the sector to ride out the worst economic impacts from the COVID-19 pandemic.
The US government has been urged to recognise the “critical role” energy storage can play in making the grid cleaner and able to accept more renewable energy, by increasing the eligibility of batteries and other technologies to receive the Investment Tax Credit (ITC).
Senator Martin Heinrich has proposed granting tax relief for purchasers of energy storage systems, in a similar way to how the Investment Tax Credit (ITC) is applied to residential solar PV purchases.
Two Congressional representatives in the US have united across party political lines to form the Advanced Energy Storage Caucus, a group dedicated to educating Members of Congress on the benefits of the nascent technology.
A bill introduced in Congress last week that could apply an energy investment credit for storage systems in the US, has been welcomed by the US Energy Storage Association (ESA).