August 28, 2020
ESA targets 100 GW new storage by 2030 amid push for tax credit, market integration challenges
The U.S. Energy Storage Association (ESA) is aiming to have 100 GW of new energy storage deployed in the U.S. by the end of this decade, a goal that the association says will produce 200,000 new jobs by 2030. Energy storage is “the next great chapter in a story of American energy innovation,” Department of Energy (DOE) Deputy Secretary Mark Menezes said at the virtual ESA Energy Storage Annual Conference and Expo on Monday. ESA also put out a white paper outlining the path to that 100 GW goal, which includes policy support — like an investment tax credit for standalone storage facilities, as well as efforts to remove barriers to market participation.
