1. Energy Storage Legislation introduced in Congress to Drive Down Costs

    Energy Storage Legislation introduced in Congress to Drive Down Costs

    Sen. Susan Collins (R-Maine) and Rep. Tina Smith (D-Minn) introduced energy storage legislation this week that calls for a $300 million initiative to build five advanced, grid-scale systems across the country. Under the Better Energy Storage Technology Act (BEST), the Department of Energy would invest $60 million a year from 2020 through 2024 to complete the projects by September 2023.

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    1. Next-generation energy storage devices will help enhance the efficiency and reliability of our electric grid, reduce energy costs, and promote the adoption of renewable resources.
    2. It really is awesome. Advanced energy storage has emerged as a bipartisan priority at the federal level, and we're doing all we can to make sure common-sense legislation passes into law.
    3. Advanced energy storage is a different resource than the industry has seen before. Whereas resources could be easily categorized as either generation, transmission or distribution, battery energy storage takes on a different perspective in that it can be considered as all three.
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