Q Among the many historic, uh, additions in this bill was the storage tax credit. This is something the storage industry has been pushing for for a long time. It finally passed. What is going to happen to battery storage, energy storage generally, but battery storage in particular here in the U.S.? Kayla, what does this, what does this mean for the storage market?
A Yeah, so the, the storage credit you're referring to is probably a combination of the fact that standalone storage can now claim the investment tax credit, and then there's also a new advanced manufacturing production credit that will go into effect in 2023, and that includes some provisions for equipment manufactured for energy storage. So I think the combination of those two credits being available is going to be a real, um, You know, it's gonna really propel the, the storage industry. Obviously, intermittency and congestion issues have been a problem, and it's only gonna grow as the percentage of the overall energy generation in the country shifts towards more renewables, and I think storage is gonna be the solution to that, and the introduction of these new storage credits is really gonna propel that. Um, I recently read that the ten-year market outlook for storage It represents over one hundred and sixty billion dollars of investment, which, I mean, that's a lot of money. Um, will storage outpace solar? I'm not sure about that. Only time will tell, but it definitely has a better chance, uh, now with, with the new credits available.
AI assessment note: “the combination of those two credits being available is going to be a real... propel”