Underground Water Battery To Bust Energy Storage Dam Wide Open
Pumped hydro already accounts for 93% of utility-scale energy storage in the US, and plans are in the works to build up from there.
Pumped hydro already accounts for 93% of utility-scale energy storage in the US, and plans are in the works to build up from there.
A broad coalition of energy trade and advocacy organizations filed a letter to the US Senate and House leaderships this week, urging them to modify the tax code to include energy storage as an eligible technology for the country’s Investment Tax Credit, or ITC.
The one thing everyone working on energy issues in America can agree upon is non-existent energy policy action at the national level. But late last week President Obama signed two bipartisan bills that could create a major boost for US renewables generation from an unlikely source – small hydropower.
It’s kind of amazing these bills becoming law hasn’t gotten much attention, since they’re the first real energy legislation to pass Congress since 2009, and could ultimately create 1.2 million green jobs while adding 60 gigawatts of new renewable electricity to the grid.
Here’s an update from the Electricity Storage Association (received via email) regarding electricity storage legislation in US Congress: The Electricity Storage Association proudly joins an impressive list of leading energy companies and trade associations in strong support of the STORAGE Act (H.R. 1465) (S. 1030). The bipartisan bill will create an investment … [continued]