September 25, 2019

CEO Kelly Speakes-Backman’s Statement on Senate Energy & Natural Resources Energy Storage Bill

 “Today marks another milestone on the path to a better and brighter energy future,” said Kelly Speakes-Backman, CEO of the U.S. Energy Storage Association. “Legislation approved today by the Senate Energy & Natural Resources Committee will for the first time elevate energy storage to one of the top priorities of U.S. technology research, development, and demonstration.

“The bill amendment introduced by Chair Murkowski—drawing from bipartisan bills ESA has endorsed, such as the Better Energy Storage Technology Act, the Promoting Grid Storage Act, and the Joint Long Term Storage Act—will support investments in the full range of energy storage technologies at all levels of our electric system. This legislation implements a systematic approach to storage technology innovation and commercialization that will translate into new business and new jobs for Americans.

“We would like to thank Chair Murkowski, Ranking Member Manchin, and the Senate Energy & Natural Resources Committee for recognizing the immense opportunity energy storage offers to improve our energy infrastructure. We also wish to recognize Senators Collins, Heinrich, Gardner and Smith, each of whom have co-sponsored the many bills comprising today’s legislation, and who have also co-sponsored legislation making stand-alone energy storage eligible for the Federal Investment Tax Credit (ITC). The ITC is a common-sense policy that would result in a 16 percent increase in U.S. storage installations in the near term and accelerate entry of the next generation of storage technologies. Together, all of these efforts will enhance U.S. global leadership on storage to create a more resilient, efficient, sustainable and affordable electric grid.”

Click here to view the bill amendment.

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