U.S. Rep. Mike Honda, a Democrat from Silicon Valley, California, has introduced the Energy Storage for Grid Resilience and Modernization Act, otherwise known as H.R. 5350.
If the bill becomes law, it will provide a tax credit for home and business owners who purchase energy storage systems. The tax credit for both would be 30%, which is the same amount as the renewable energy tax credit. Factories would also be eligible under the proposed law.
Click Here to Read Full Article
read more
The term disruptor is thrown around a lot these days in a world rapidly facing digitisation and the fight to stay relevant is becoming ever more competitive in energy storage. While technological breakthroughs are always exciting, to paraphrase an old saying, there’s a lot that can go wrong between filling a cup with liquid and putting it to your lips. In the race to commercialise technologies and business models for a mass market still in its infancy, the real disruptors in energy storage aren’t just in the lab, they are making a real difference in houses, commercial buildings and on and off the grid.
The Duke Smart Home Program is looking forward to a year focused on developing and carrying out a variety of energy storage projects.
The American energy storage sector kicked off 2016 with a marked increase in corporate investments, according to GTM Research and the Energy Storage Association’s latest
Energy Storage News –
As battery costs fall, storage deployments rise. That trend led to a
Energy Storage News: What exactly is wrong with renewables, and why aren’t we all-green already? Subsidy abuse and insufficient economic viability in the face of cheap oil are two of the most common criticisms thrown at the renewable industry.