Energy storage gets huge boost from politicians
State-owned public power company PGE has said that in targeting carbon neutrality by 2050 it is planning at least 800MW of energy storage deployments by 2030.
Policymakers in Poland have removed legal and regulatory barriers to the development of the energy storage industry.
The Polish Parliament adopted an amendment to national Energy Law concerning the treatment and definition of energy storage, with 443 members of parliament voting in favour of a bill, only three opposing it and no abstentions.
The comprehensive regulations “open up the possibility of using energy storage facilities in various areas of the power system,” Barbara Adamska, president of the Polish Energy Storage Association told Energy-Storage.news. The new rules cover the licensing of electricity storage systems in what Adamska said is a “rational” way and eliminates tariff obligations for “double charging” for energy storage systems’ connection to th
Dive Brief:
The Americas are poised to lead the global storage market by 2025, with total capacity touching 371 GWh by the end of the decade and the U.S. contributing to most of this growth, new research from Wood Mackenzie indicates.
Analysts expect the Americas to outpace the Asia Pacific region on storage capacity by the middle of the decade, noting that challenges related to business cases and market incentives will lead to a slowdown in the latter.
The latest reports indicate that the U.S. is edging even closer to the Energy Storage Association’s (ESA) projection of 100 GW of new energy storage by 2030, ESA Interim CEO Jason Burwen said in an emailed comment.
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Efforts to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the United States are gaining traction in Congress and the Biden Administration.
Rising Demand for Energy Storage
As more and more of our country s electricity comes from intermittent renewable resources like solar and wind, energy storage is becoming increasingly crucial for maintaining reliability (keeping the lights on) and resilience (ensuring the grid can withstand emergencies such as wildfires and hurricanes), managing electricity costs during peak demand, as well as achieving state-level renewable portfolio standards and greenhouse gas emissions targets.
Dive Brief:
President Joe Biden s $1.52 trillion budget request for Fiscal Year 2022 includes a policy making standalone energy storage projects eligible for the federal investment tax credit (ITC), a move that advocates say will unleash new capital for renewable energy. The budget request also included new spending on storage as part of the administration s goal to decarbonize the energy sector by 2035.
Biden s $2 trillion infrastructure proposal, known as the American Jobs Plan, also included the storage ITC proposal along with $100 billion in power grid investments.
A Treasury Department report released last week stated that expanding tax incentives for storage would help put the country on a path to 100% clean electricity by 2035 and help ensure that the electricity supply is reliable as well as less harmful to the climate.
American Battery Metals Corporation Comments on President Biden s Infrastructure Plan to Target Electric Cars and Clean Power
INCLINE VILLAGE, NV / ACCESSWIRE / April 6, 2021 / American Battery Metals Corporation (OTCQB:ABML) (the Company ), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company, discussed President Biden s recently announced proposed infrastructure plan to boost spending toward electric cars and clean power.
President Biden is hoping to make electric vehicles more affordable to turn a niche product into one with mass appeal. The $2 trillion infrastructure plan that he unveiled on Wednesday is aimed at tackling climate change in part by spending up to $174 billion to encourage Americans to switch to cars and trucks that run on electricity, not gasoline or diesel.