Will US energy storage industry invest $100 billion in batteries?
Courtesy of Salt River Project The U.S. energy storage industry will invest $100 billion over the next five years to build and buy batteries made in the United States, the American Clean Power Association and company representatives said Tuesday.
Why is the energy storage industry important?
“The energy storage industry is providing essential power when needed most while boosting domestic manufacturing and creating jobs across the country,” said Jason Grumet, CEO of ACP.
How is the energy storage industry preparing for a grid-scale energy storage supply chain?
The energy storage industry is making significant progress in laying the groundwork for a domestic battery energy storage supply chain, building or expanding more than 25 manufacturing facilities for grid-scale energy storage. With today’s investment commitment, the industry has announced plans to rapidly expand ongoing efforts.
Should energy storage be included in the electric grid?
Integrating storage in the electric grid, especially in areas with high energy demand, will allow clean energy to be available when and where it is most needed. As New York continues to invest and build a cleaner grid, energy storage will allow us to use existing resources more efficiently and phase out the dirtiest power plants.
What does ACP's $100 billion commitment to domestic energy storage look like?
The industry’s $100 billion commitment to support domestic energy storage production “demonstrate [s] what success can look like,” ACP CEO Jason Grumet said in the briefing. Right now, he added, many industry players are in a holding pattern until more clarity develops around tax and trade policy.
Why should we invest in a US energy supply chain?
“Our manufacturing facilities in Utah, Texas, Tennessee, and Arizona support more reliable and cost-effective energy production while creating a resilient U.S. supply chain that advances American innovation, jobs, and energy security. These investments are about building the future of energy—right here in the United States.”
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