U.S. Senator Brian Schatz 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,” said U.S. Senator Brian Schatz. “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 Hawai‘i.”
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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