CEO Statement on the Energy Storage Tax Incentive and Deployment Act

Statement from Kelly Speakes-Backman, CEO, Energy Storage Association on the Energy Storage Tax Incentive and Deployment Act (S.1868):"

“Thank you to Senator Heinrich and the bipartisan coalition of co-sponsors for introducing the Energy Storage Tax Incentive and Deployment Act of 2017 (S.1868). If enacted, this bill will unlock competitive access to investment for a more resilient, efficient, sustainable, and affordable electrical grid by expanding the investment tax credit (ITC) to include all types of advanced energy storage - as a standalone resource, integrated into microgrids or with renewable energy systems.

“The cost of energy storage systems is now already approaching the U.S. Energy Information Administration’s projections, originally estimated for 2040. As the industry works to ensure storage is compensated for all the value it brings to the grid and to electricity users, the investment tax credit will continue to accelerate the deployment of safe and reliable advanced energy storage systems.

“The Energy Storage Association looks forward to working with Members of Congress to expand access to new private investment and competitive markets for energy storage.”