Energy storage CEOs sent letters to the White House and Congressional leadership urging action on the Build Back Better agenda and the storage Investment Tax Credit (ITC).
The letter notes that “Stand-alone energy storage, while included in the Build Back Better legislation, is not currently captured in today’s codified Investment Tax Credit (ITC) structure. That’s why it is imperative to pass these provisions now so developers and manufacturers can scale in time to contribute to sound grid infrastructure and to help meet U.S. climate goals for 2035 and beyond.”