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Department of Energy - Secretary Granholm Announces New Goal to Cut Costs of Long Duration Energy Storage by 90 Percent

Department of Energy - Secretary Granholm Announces New Goal to Cut Costs of Long Duration Energy Storage by 90 Percent
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Herrera Beutler's Legislation to Strengthen Grid Security and Increase Energy Efficiency Signed Into Law | News

Herrera Beutler's Legislation to Strengthen Grid Security and Increase Energy Efficiency Signed Into Law | News
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Rep. Herrera Beutler's Legislation to Strengthen Grid Security and Increase Energy Efficiency Signed Into Law

WASHINGTON, Dec. 31 Rep. Jaime Herrera Beutler, R-Washington, issued the following news release:
This week, the president signed into law two bipartisan bills led by Congresswoman Jaime Herrera Beutler to strengthen grid security and improve energy efficiency in Southwest Washington.
The Better Energy Storage Technology (BEST) Act and Grid Modernization Research and Development Act were included in the funding package approved by the U.S. House of Representatives and the U.S. Senate.
These energy solutions I m leading tackle two important needs: improving security of our energy grid from cyberattacks and natural disasters, and improving the durability of our energy sources, Herrera Beutler said. I m pleased that Congress has approved these two critical pieces of bipartisan legislation to increase the security, reliability, and affordability of energy for Southwest Washington residents, which will help lead our region to a more secure energy future. ....

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Bill to further energy storage research and development signed into law – Daily Energy Insider

Daily Energy Insider
Published on December 30, 2020 by Dave Kovaleski
© Shutterstock
Legislation designed to accelerate energy storage development was signed into law this week as part of the omnibus package.
The Better Energy Storage Technology (BEST) Act, authored by Sens. Susan Collins (R-ME), Martin Heinrich (D-NM), and Tina Smith (D-MN), requires the Department of Energy to establish an energy storage system research and development program.
“Energy storage technology holds such great promise in the fight against climate change. Supporting current technology and advancing next-generation energy storage will allow us to integrate more renewables, such as wind and solar, which in turn will help to reduce emissions,” Collins said. “The BEST Act will advance energy storage technologies, improve the efficiency of our nation’s electricity grid, and help align research efforts on energy storage. I am delighted that this bipartisan piece of legislation ....

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The Sun Also Rises: Congress Votes to Stimulate the Renewable Energy, Efficiency, Carbon Capture, and Storage Industries | K&L Gates LLP

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On 21 December 2020, the shortest day of the year in North America, the U.S. Congress passed a historic stimulus package. Among its more than 5000 pages, the bill includes important, if not quite historic, clean energy-related provisions ranging from new and extended tax incentives to government programs for research and development. Assuming the legislation becomes law, a new day for U.S. carbon capture, offshore wind, and many more renewable energy technologies may dawn.
Renewable energy tax provisions
Many of the headline tax-related provisions are unsurprising (but still a nice holiday gift). The production tax credit would be extended by one year for electricity produced by wind, new open and closed biomass, hydropower, marine, and hydrokinetic energy electricity production facilities. In addition, the solar investment tax credit (ITC) will be extended at the 26% rate for two more years, reducing pressu ....

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