April 9, 2021: The US Energy Storage Association has welcomed US president Joe Biden’s ‘American Jobs Plan’, announced on March 31, which includes investment plans that should boost energy storage deployment at what the ESA says is an ‘unprecedented scale’.
“From factory to grid frontline communities, it has the policies needed to achieve our goal of 100GW of new energy storage by 2030 to decarbonize our power system, make our infrastructure resilient and put Americans in every state to work in a globally competitive industry,” said interim CEO Jason Burwen.
Among plans announced to fix physical infrastructure such as highways, bridges and airports, improve water systems, retrofit buildings and boost the electric vehicle sector, energy generation and storage comes in for a sizeable investment.
“President Biden is proposing a 10-year extension and phase down of an expanded direct-pay investment tax credit and production tax credit for clean energy generation and storage,” the announcement says.
“In addition to a $5 billion increase in funding for other climate-focused research, his plan will invest $15 billion in demonstration projects for climate R&D priorities, including utility-scale energy storage, carbon capture and storage, hydrogen, advanced nuclear, rare earth element separations, floating offshore wind, biofuel/biproducts, quantum computing, and electric vehicles, as well as strengthening US technological leadership in these areas in global markets.”
According to the Center for Sustainable Systems, at the University of Michigan, in 2020 there was 23.2GW of energy storage installed in the US.
The state of California leads the way, with 4.2GW comprised of 215 operational projects, the CSS says.