Now that the infrastructure deal finally looks to be in the bag, what does it really mean and what does the energy storage industry think about it? Energy-Storage.news gathered some views.
The US House of Representatives has passed a US$1 trillion bipartisan infrastructure deal that will see the country’s power infrastructure modernised to support new renewables projects.
Investment tax credit (ITC) incentives for energy storage have been included in the US House of Representatives’ chief tax-writing committee, along with extensions to the solar ITC and reintroduction of a solar production tax credit (PTC).
California’s government has issued a roadmap for the US state to achieve its long-term goal of 100% clean energy, while an immediate State of Emergency has been declared over concerns the electric system will struggle under heat waves this summer.
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.
UK energy storage firm AceOn has joined a call to reverse changes to Value Added Tax (VAT) rates applicable to energy storage systems that came into effect in the country in 2019.
In an exclusive first interview for international press since the elections, Energy-Storage.news speaks with CEO Kelly Speakes-Backman about the Energy Storage Association’s hopes, ambitions and policy asks as 2021 begins to come into view.
Policymakers for New South Wales in Australia have been debating a bill to co-ordinate investment in the state’s electricity infrastructure that includes 2GW of long-duration energy storage and AU$50 million (US$36.71 million) support for green hydrogen over 10 years.
