From: The Honorable Mark Takano
Sent By: email@example.com
Bill: H.R. 3263
Cosponsor the Battery Storage Innovation Act
Clean energy technology and projects considered “high risk” often have trouble attracting capital from the commercial banking and investment communities.
To help develop new clean energy technologies, Congress passed the Energy Policy Act of 2005. Section 1703 created a loan guarantee program for innovative technologies that included: biomass, hydrogen, solar, wind, hydropower, nuclear, advanced fossil energy coal, carbon sequestration practices and technologies, electricity delivery and energy reliability, alternative fuel vehicles, industrial energy efficiency projects, and pollution control equipment. This type of investment and support propelled the solar and wind technologies to be viable renewable energy alternatives.
The next step is battery storage. From home batteries, car batteries, to grid scale battery storage, batteries can store energy created by renewables to ensure reliabilty when the sun isn’t shining and the wind isn’t blowing. This is the future of renewables.
My bill would simply amend Section 1703 of the Energy Policy Act to include battery storage technology for residential, industrial, or transportation applications under the loan guarantee program. This bill does not provide additional funding for the program, it simply expands the types of projects supported by the Loan Guarantee program.
Join me in supporting a battery storage revolution. For more information or to cosponsor this legislation, please contact Claire Viall at (5-2305) or by email at Claire.Viall@mail.house.gov.
Member of Congress