The Electricity Storage Association (ESA) applauded news this week that U.S. Reps. Chris Gibson (R-NY) and Mike Thompson (D-CA) introduced legislation that would create an investment tax credit (ITC) for energy storage technologies of all types and help jumpstart an industry that has enormous potential to increase the reliability, security, and efficiency of the nation's electric grid. The Storage Technology for Renewable and Green Energy Act (STORAGE) Act (H.R. 4096) is the House companion legislation to S. 1845, introduced by Sens. Ron Wyden (D-OR), Jeff Bingaman (D-NM), and Susan Collins (R-ME).
