Energy Storage Policy Overview

Posted: November 14, 2013 - 13:16 / ESA / Issue Brief

113th Congress: Energy Storage Policy Priorities

  • Imbed energy storage applications and technologies in any energy policy legislation, including a Clean Energy Standard. 

Energy storage technologies make the grid smarter and more flexible for all other resources.  Energy storage allows us to use other resources, including existing generators, new natural gas plants, and renewable technologies, more efficiently. Energy storage can provide emission-free energy when it is the most economical and convenient option, saving consumers money and reducing our need to import energy.

Energy storage enables renewable energy and other resources to integrate seamlessly onto the nation’s electric grid, allowing further diversity of power generation. 

•    Provide tax incentives, including an Investment Tax Credit, a Master Limited Partnership bill, and additional innovation proposals to drive investment in energy storage technologies.

While energy storage technologies have been proven to be efficient, clean resources, the investment community and utilities still view them as higher risk than conventional technologies. With limited tax incentives, paralyzing uncertainty would be removed for investors, entrepreneurs, and manufacturers. Hundreds of companies in nearly every state with technologies that enhance virtually all resources on the electric grid could benefit from tax credits. 
Energy storage tax incentives will spur investment in storage technologies, creating jobs and economic benefits while reducing uncertainty in energy markets.

•    Incorporate energy storage into grid modernization policy as key to increased resilience and reliability. 

As we have experienced the impact on our electric grid from storms, energy storage technologies coupled with distributed generation can provide solutions to both prevent and recover from unforeseen events. Energy storage can strengthen our grid, providing the resilience and reliability solutions for consumers of all types – including industrial, commercial, and residential.
 
Energy storage can become a crucial piece of strengthening our nation’s electric grid.