S&P – Supercharged: U.S. Energy Storage Reaches for Deeper Impact
The U.S. energy storage industry has a powerful set of new tools in 2023 to help decarbonize the nation’s power grid. The Inflation Reduction Act created an up to 30% investment tax credit for stand-alone energy storage projects, along with a host of additional incentives for qualifying solar-plus-storage and stand-alone installations. In place for the next decade, the expanded federal tax credits are widely expected to catapult battery storage assets well beyond early adopters in California and Texas.
Join our panel of experts to discuss the opportunities and the considerable challenges ahead.