The US House of Representatives has passed Joe Biden’s Build Back Better act, which now moves to the Senate, where negotiations will continue over the legislation.
A “once-in-a-generation” commitment to invest in the US’ national infrastructure includes financial support for energy storage supply chains and renewable energy deployment, but not the investment tax credit for standalone energy storage.
A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.
Legislation to help the US economy invest in clean energy jobs and support innovation and industry passed the House of Representatives this week – and Energy Storage Association (ESA) CEO Kelly Speakes-Backman applauded the prominent inclusion of energy storage in the bill.
“No other policy in play right now” could be “more immediate or more impactful” than a ‘standalone’ Investment Tax Credit (ITC) in the US for energy storage, the CEO of the national Energy Storage Association has said.
Two bills that have been introduced in the US to support and accelerate the development and deployment of energy storage are enjoying cross-party support and look likely to pass unopposed, an analyst has said.
