CEO Statement on Broad Coalition’s Support for Including Storage as an Eligible Technology in ITC

Today the Energy Storage Association (ESA), along with a broad-based coalition comprised of other energy trade and advocacy groups, strongly urges congressional leadership to clarify eligibility of energy storage for the Investment Tax Credit (ITC) before the end of the year in a move that that would level the playing field across all energy technologies and bolster an industry that supports over 90,000 U.S. jobs and counting.

The framework for such action has already garnered significant bipartisan, bicameral support in this Congress through the introduction of legislation titled Energy Storage Tax Incentive and Deployment Act (S. 1868 and H.R. 4649). If enacted, U.S. companies would gain the certainty needed for long-term investment, creating jobs and solidifying the industry’s competitiveness in the global market. This common-sense provision would ensure continued growth of a key advanced technology sector in the U.S. that, when deployed, results in a better world through a more resilient, efficient, sustainable, and affordable electricity grid.

In addition to ESA, signatories to this critical effort include Advanced Energy Economy (AEE), American Wind Energy Association (AWEA), Citizens for Responsible Energy Solutions, ClearPath Action, National Electrical Manufacturers Association (NEMA), National Hydropower Association (NHA), and Solar Energy Industries Association (SEIA). You can read the letter here.