U.S. Senators have introduced a Storage Technology for Renewable and Green Energy Act for 2013. This Act, also known as the STORAGE Act, will promote the deployment of energy storage technologies in the U.S. All storage technologies are supported by the bill.
The Act provides a 20% investment tax credit of up to US$40 million
per project for storage systems that are connected to the grid and
distribution system.The total amount available for these projects is
capped at $1.5 billion.
