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July 14, 2021

CEO Statement on DOE Secretary Granholm Announcement of Energy Earthshot Initiative for Long Duration Energy Storage

“ESA applauds the Secretary’s announcement this morning of a new Energy Earthshot Initiative to accelerate development and deployment of longer duration energy storage technologies that will advance economic growth and job creation and enable an electric system with 100% clean energy,” said U.S. Energy Storage Association Interim CEO Jason Burwen. “According to the National Renewable Energy Laboratory (NREL), hundreds of gigawatts of new storage installations, including of longer duration, will be critical for a clean power system. In addition, energy storage is also a critical solution for stabilizing our electric infrastructure in the face of climate change-driven extreme weather and a fast growing American industry. We thank Secretary Granholm and House Energy and Commerce Committee Chairman Pallone for visiting Eos Energy Storage’s facilities in New Jersey today to understand how decarbonizing our electric grid and addressing challenges of resilience with energy storage technology are also opportunities to invest in American manufacturing and jobs.

“We are also encouraged that DOE announced this initiative on the same day the Senate Committee on Energy and Natural Resources deliberates on the Energy Infrastructure Act, which would provide $505 million for long duration energy storage and another $3 billion to promote domestic storage technology manufacturing facilities, such as Eos Energy Storage and other ESA members are building. These innovation investments will best translate into long duration storage deployments with an investment tax credit (ITC) for energy storage, such as included in the Senate’s Clean Energy for America Act (S. 2118) and the House’s GREEN Act (H.R. 848). Congressional infrastructure legislation and federal infrastructure investments must include energy storage, not only to build on the efforts of over 70,000 American in the growing energy storage industry, but also to ensure the security and reliability of our 21st-century economy. ESA looks forward to working with members of Congress and the Administration to enact a storage ITC and fund public investments in energy storage that enables a 100% clean power system and keeps the lights on in the face of severe weather and other disruptions to electric infrastructure.”

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