Senate Finance Committee Ranking Member Ron Wyden (D–OR) recently introduced the “Clean Energy for America Act,” which aims to create a new technology neutral system for federal tax credits for clean energy, clean fuel, and energy efficiency projects.

The DOE now believes that some of the 75 battery system projects it is currently funding have the ability to transform the renewable energy storage industry in as little as 5 to 10 years.

The report concluded that tax credit extensions are set to produce a net peak increase of 48 to 53 GW in installed renewable generation capacity by early 2020s.