![]() ![]() California Independent System Operator (CAISO) recently released draft study results demonstrating that a regional market would promote more renewable energy at a lower cost in the Western United States.Highlights from the Press Office regarding 16 initiatives across the USA: Just today, the White House put out notices for energy storage research, investments and programs across the United States. The industry is poised for growth anyway, but if the federal government was to give it a jump-start like it did with solar, we could see the long overdue smart and sustainable power grid become a reality sooner rather than later. The odds of the new tax credit program being enacted appear to be quite low. Tony Seba thinks that the Tesla Gigafactory, all on its own, will lower the price of lithium ion batteries by 30-50%. These things are occurring along with the race past 1 million electric cars, a major collapse in global solar power pricing, and the ever present possibility that we are in the midst of a shift from fossil fuels toward solar power domination. Microgrids – dependent on local energy storage – are being installed by standard solar power players like SolarCity, but also equipment groups like CAT. ![]() We expect Tesla and Solar City to install more commercial and residential energy storage between themselves, than the USA installed in all of 2015 (and SolarCity is ALSO installing a big volumes of storage with utilities). Pricing for batteries is falling quickly. The Energy Storage industry is getting a lot of attention right now. 2012: Energy Policy Modernization Act of 2016, the first significant national energy bill since the 1990s. The full text of the bill can be reviewed here. Other energy bills are being considered by Congress right now – including, S. 5350: Energy Storage Act of 2016 has been assigned to the House Ways and Means Committee for consideration. If you want feedback on the quote you get – either email me at john 9to5mac dot com or send a tweet. If you’re considering solar, get a quote from multiple contractors at. The 30% Solar Power Tax Credit, is credited with being one of the major drivers for the solar power installation boom in the United States. Chris Gibson (R-NY), Tom Reed (R-NY) and Mark Takano (D-CA).” The purpose of the legislation is to clarify that energy storage industry receives a 30% tax credit equivalent in nature to what the Renewable Energy industry gets. 5350, the bipartisan Energy Storage for Grid Resilience and Modernization Act. Mike Honda (D-Silicon Valley, Calif.) introduced H.R. ![]()
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