With the Biden Administration’s proposed investment of $2 trillion to achieve a net-zero emissions economy by FY2050, what role do energy storage companies play in reaching these goals? Quite simply, energy storage is central to America’s modern energy ecosystem. To reach a net-zero emissions economy, America requires resilient, efficient, and affordable grids.
Even when he was a presidential candidate, Joe Biden emphasized the role of energy storage in his platform. His “Build Back Better” plan called for “historic procurement and investments” in storage to realize a goal of 100% clean energy by 2035 for grid operations across the country.
With the Biden administration appointment of Kelly Speakes-Backman, who previously served as CEO of the national Energy Storage Association (ESA), to the US Department of Energy’s senior leadership team, the administration clearly recognizes the importance of energy storage as essential infrastructure for a clean energy future.