March 11, 2021

Investment tax credit for energy storage a ‘once in a generation opportunity towards saving planet’

A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.

Energy Storage Association Interim CEO Jason Burwen urged Congress to “follow the bipartisan example set today,” in passing the legislation, which he said would put energy storage on an equal footing with other clean energy technologies. ESA also pointed out in a statement sent to that 60,000 people are already employed today in the US energy storage sector and Burwen said that the ITC could play a role in stimulating an economic recovery “with jobs that build a cleaner, more resilient future for all”.

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