Categorized | Business, Energy

Schatz to co-sponsor bill on energy storage



U.S. Sen. Brian Schatz has joined his Senate colleagues in co-sponsoring the Storage Technology for Renewable and Green Energy Act of 2013 (STORAGE).

This bipartisan bill promotes the deployment of energy storage technologies, which will accelerate the deployment of renewable energy.

“The STORAGE 2013 Act is a smart piece of bipartisan legislation that would allow more renewable energy to be integrated onto the grid, increasing reliability while continuing to expand our clean energy economy,” Schatz said.

“By promoting the development of energy storage technologies, we will be making strides toward easing our national dependence on foreign oil and creating good, clean energy jobs at home in Hawaii,” he said.

The STORAGE 2013 Act offers investment tax credits of up to 30 percent for energy storage facilities installed by utilities, businesses, and homes.

The bill is designed to be technology-neutral, with qualifying equipment that includes batteries, flywheels, thermal systems, and even smart-grid enabled plug-in electric vehicles.

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Sep 23, 2014 / 5:15 pm