The funding is is available for energy storage activities authorized under the Better Energy Storage Technology Act and is intended to increase the affordability of energy storage and related technologies. March 25, 2022 Tim SylviaSenator Susan Collins, a senior member of the Appropriations Committee, announced that the 2022 omnibus spending bill, which passed earlier in the month, contains $500 million in funding to support the development of energy storage technology.The funding, which is available for energy storage activities authorized under the Better Energy Storage Technology (BEST) Act, is set to be divided across divided across five government agencies:$347 million for the Office of Energy Efficiency and Renewable Energy$120 million for the Office of Electricity$5 million for the Office of Fossil Energy and Carbon Management$4 million for the Office of Nuclear Energy$24…
Federal budget includes $500 million for promoting energy storage – pv magazine USA
