September 11, 2019
#StorageITC: US Industry Groups Mark ‘Day of Action’ in Run-up to November Crunch Time
The Energy Storage Association and US Solar Energy Industries Asssociation joined forces to promote a ‘Day of Action’ in calling for an Investment Tax Credit to be applied to standalone energy storage technologies. Figures out today in research company Wood Mackenzie Power & Renewables’ quarterly Energy Storage Monitor, produced in partnership with the ESA, forecast that the ITC could add an extra 0.3GW of annual deployments by 2024: from 4.8GW in its base case scenario to 5.1GW with the tax incentive. ESA is also encouraging Twitter users to use the hashtag #storageITC in supportive tweets.