President Joe Biden gave a speech at the event yesterday. Image: President Biden via Twitter.
Energy storage industry figures were among attendees at a celebration event on Tuesday at the White House, marking the passage of the Inflation Reduction Act.
The event took place one month on from US President Joe Biden’s signing of the act. The legislation includes US$369 billion of measures to advance the country’s clean energy progress, with the standout from an energy storage perspective being the inclusion of an investment tax credit (ITC) for standalone energy storage.
It also includes manufacturing incentives for clean energy technologies including solar PV and batteries, with an emphasis on supporting the domestic value chain and local labour.
“We are going to take the most aggressive action ever, ever, ever to confront the climate crisis and increase our…