US energy storage markets could see a “last-minute rush” followed by plummeting installation numbers if tax credit incentives are cut.

Energy tax credits “drive innovation, strengthen our economy, and create real opportunity,” according to US Republican Senator John Curtis.

Manufacturers should make bi-directional charging possible to allow batteries to be used as stationary energy storage, according to Senator.

Energy storage is ready to become a key pillar of the US energy transition, writes Andy Tang of Wärtsilä Energy.

The Inflation Reduction Act took a significant step forward over the weekend as US vice-president Kamala Harris cast a decisive vote.

Hopes have been raised once again that US lawmakers could introduce an investment tax credit for energy storage.

Redwood Materials CEO JB Straubel told a US Senate hearing his company already receives approximately 6GWh of end-of-life lithium-ion batteries for recycling annually. 

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.

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 Solar Energy Industries Asssociation and Energy Storage Association joined forces yesterday to promote a ‘Day of Action’ in calling for an Investment Tax Credit to be applied to energy storage technologies.