The Energy Storage Association (ESA), supported by a multitude of energy trade and advocacy groups, has contacted the congressional leadership to clarify eligibility of energy storage for the Investment Tax Credit (ITC) before the end of the year. This coalition aims to work towards a more resilient, efficient, sustainable, and affordable electricity grid.
The Energy Storage Tax Incentive and Deployment Act is being endorsed by both parties, and it forms the framework for the above mentioned request. If the inquiry is successful, U.S. companies will be able to benefit from certainty for long-term investments, new jobs, and a solidified competitiveness of the industry in the global energy storage market.
Supporters of this request include Advanced Energy Economy (AEE), American Wind Energy Association (AWEA), Citizens for Responsible Energy Solutions, ClearPath Action, National Electrical Manufacturers Association (NEMA), National Hydropower Association (NHA), and Solar Energy Industries Association (SEIA).
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