May 28, 2021

Energy Storage Association Applauds Inclusion of Storage ITC in President Biden’s Budget Proposal

WASHINGTONU.S. Energy Storage Association (ESA) Interim CEO Jason Burwen released the following statement after the Biden administration released its budget proposal for FY2022

“President Biden recognizes that we cannot rely on yesterday’s infrastructure to deal with tomorrow’s climate, and we commend him for including a storage investment tax credit in his revenue proposal. This tax credit unleashes a critical technology for tackling the climate crisis and accelerates clean energy transition. Members of Congress in both parties and both chambers and the White House support the storage ITC because it is a common-sense policy that will create jobs and lower energy bills while making our power system cleaner and more resilient. 

“Earlier this week, the Senate Finance Committee advanced clean energy legislation that for the first time included the storage ITC, a major step forward for making this policy a reality this year. We have no time to lose in meeting the climate crisis with investments of unprecedented scale in resilient, clean energy infrastructure, including energy storage. We will continue working with the Biden administration, the Senate, and the House to get the storage ITC enacted this year.”

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