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    1. Energy Storage

    Energy Storage leaders make Congressional plea to create standalone Tax Incentive

    Feb. 22, 2022
    The letter was signed by more than 100 entities, including the U.S. Energy Storage Association, Advanced Energy Economy, Clean Grid Alliance, Union of Concerned Scientists and companies such as ESS, Black & Veatch, Fluence Energy and Kearsarge Energy,
    Fluence Advancion Energy Storage Size 61952cd57ddc1 6215290fae76f

    Executives with many of the leading utility-scale energy storage firms in the U.S. are urging Congressional leaders to adopt a stand-alone incentive for battery-level technologies.

    The letter was signed by more than 100 entities, including the U.S. Energy Storage Association, Advanced Energy Economy, Clean Grid Alliance, Union of Concerned Scientists and companies such as ESS, Black & Veatch, Fluence Energy, Kearsarge Energy, Standard Solar, Stem and the AES Corp., among many others.

    “As you and your colleagues consider clean energy and infrastructure legislation, we urge you to pass the bipartisan Energy Storage Tax Incentive and Deployment Act, which would ensure a level playing field for energy storage technologies as a standalone asset to compete with all other energy resources eligible for …investment tax credits ITC).”

    The letter says that ITC eligibility for energy storage is a key opportunity to advance clean energy.

    Utility-scale energy storage projects are being developed and deployed to help smooth out intermittent renewable energy power generation and provide grid balancing services. Among numerous projects, the city of San Jose, California and partner Terra-Gen recently completed a 62-MW solar and battery storage hybrid project.

    U.S. energy storage installations topped 4 GW in new capacity last year. Various forecasts predict that global battery storage installations will reach nearly 600 GW by 2030.

    For years, the government has subsidized investment in solar, wind and electric vehicle technologies. The Biden Administration’s recently passed Infrastructure plan also outlays billions of dollars for EV and grid infrastructure upgrades.

    About the Author

    Rod Walton, EnergyTech Managing Editor | Senior Editor

    For EnergyTech editorial inquiries, please contact Managing Editor Rod Walton at [email protected].

    Rod Walton has spent 15 years covering the energy industry as a newspaper and trade journalist. He formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    Walton earned his Bachelors degree in journalism from the University of Oklahoma. His career stops include the Moore American, Bartlesville Examiner-Enterprise, Wagoner Tribune and Tulsa World. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids. The C&I sectors together account for close to 30 percent of greenhouse gas emissions in the U.S.

    He was named Managing Editor for Microgrid Knowledge and EnergyTech starting July 1, 2023

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.

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