“It would be too risky to pull the trigger on it right now,” Dresselhuys said in an interview. “I want to spend tens of millions of dollars to create tons of jobs, but I have to know there is going to be a market on the backside. The tax credit pushes the economics of this group of projects over the hump.”For now, ESS has a 45,000-square-foot warehouse that could house equipment capable of making up to 2-gigawatt hours of batteries a year — which remains vacant.Story continues below advertisementThe proposed bill, backed by President Biden, would pump about $550 billion into the clean energy and climate business, according to the Joint Committee on Taxation, about $311 billion of it in the form of tax credits and incentives.“Investors are waiting in the wings to deploy capital for clean energy, with this industry poised to be the major engine of 21st-century…
With Biden agenda stalled, money for clean energy ‘revolution’ waits on the sidelines
