Categorized | Energy

Thompson Pushes Energy Storage Incentives

 

Renewable energy availability might reduce power plant demand

 

Staff Report
Humboldt Sentinel

 

A new round of eco-groovy tax credits is in the offing, assuming a bi-partisan bill from the North Coast’s representative makes it through a bitterly divided federal
legislature.

HR 4096, known as the STORAGE bill (Storage Technology for Renewable and Green Energy 2012 Act), would provide incentives to individuals and businesses when they invest in energy storage systems — the kinds of devices which keep excess energy generated when energy is in low demand and then supply it when peak demand returns.

According to a press statement from the office of Congressman Mike Thompson (Dem. – St. Helena), the tax credits and subsequent storage device implementation would reduce consumer electric bills, improve alternative energy source reliability and make the entire electric grid more efficient and secure.

“When it comes to addressing American’s energy challenges, we need to use every tool in the box,” Thompson stated. “These tax incentives will move us closer towards energy independence by making our electric grid more reliable, using energy more efficiently, reducing costs and creating jobs.”

Introduced by Thompson and New York Congressman Chris Gibson (Rep. – Kinderbrook), the legislation would hand a 20 percent tax credit to businesses and factories which generate energy via large compressed air systems, flywheels and large arrays of fuel cells and batteries. An even bigger 30 percent credit would go to households and businesses which purchase energy storage systems for their properties.

Companion legislation in the form of S 1845 was introduced in the U.S. Senate last fall by Oregon Democrat Ron Wyden, New Mexico Democrat Jeff Bingman and Maine Republican Susan Collins. The sponsors point to the presently inefficient alternative energy electricity infrastructure as justification to set up storage systems which can deliver during high demand periods; they hope this reduction in peak stress on the grid will eventually reduce the number of power plants needed.

 

5 Responses to “Thompson Pushes Energy Storage Incentives”

  1. Energy storage is the key, not just for wind and solar, but for all future energy management. Right now we throw away close to 50% of all the electricity generated each day since there is no storage. That is a horrible waste whether generated by coal, nuclear, oil or green tech. Energy storage as a sector is predicted to grow to $200 Billion by 2015.

  2. Harold D. McWilliams says:

    This site was… how do you say it? Relevant!!
    Finally I have found something that helped me. Cheers!

    • Rip V. Winkle says:

      Glad it was of help, Harold.
      We also hope you catch that train.
      It left the station two years ago.

  3. ursitoare fieni says:

    Thanks for finally writing about ‘Thompson Pushes Energy Storage Incentives’, Humboldt Sentinel; Liked it!

  4. tomorrow we move to hawaii says:

    Hi to all, it’s actually a nice for me to go to see this web
    page, it includes nice information.

Trackbacks/Pingbacks


Leave a Reply

HumSentinel on Twitter

RSS Progressive Review

  • Word
    Des Wilson - The Church of England has decided that bishops can have civil partnerships provided they do not actually have sex together. I propose: l) people can go to restaurants - but only if they do not eat 2) people can get in to swimming pools provided they don't get wet 3) people can go to church provided they don't listen to a word they […]
  • Another banker found dead
    There have been scores of bankers who have committed suicide or found dead under uncertain circumstances in the last few years. Here's the latest:Bloomberg -  Murray Abbott, an institutional sales trader at Morgan Stanley in Toronto who had been missing since April 25, was found Monday by the shore of Lake Ontario near the city’s Beaches neighborhood wh […]
  • Ireland approves same sex marriage
    CNN - Ireland became the first country in the world to legalize same-sex marriage through a popular vote on Saturday... With votes tallied from nearly all of Ireland's 43 parliamentary constituencies, the measure will sail through with more than 60% of voters approving, according to official results...More than 1.8 million Irish voters participated in t […]
  • How TPP could affect freedom of speech
    Hundreds of tech companies and digital rights groups havesigned a letter to Congress that outlines some of the freedom of speech issues in TPP. Excerpt: • Threats to Fair Use: The TPP contains language that could prevent countries from expanding exceptions and limitations to copyright. The Fast Track Bill also contains nothing to promote balance in copyright […]
  • Kansas rips off poor people's money for banks
    Vox - Kansas Republicans have put forward a new policy initiative that's almost shocking in its clear intent to harm the interests of poor people. The provision, which takes effect July 1, will ban welfare recipients from taking out more than $25 in benefits a day from an ATM....As the Washington Post's Max Ehrenfreund explains, this places a massi […]
  • The renaissance of student activism
    The Atlantic […]
  • Thought for today
    Adam and Eve had belly buttons in all their depictions - So Bad So Good […]
  • Motocycle gangs ties to military, FBI, Homeland Security revealed
    Nuclear power plant technicians, senior military officers, FBI contractors and an employee of “a highly-secretive Department of Defense agency” with a Top Secret clearance. Those are just a few of the more than 100 people with sensitive military and government connections that law enforcement is tracking because they are linked to “outlaw motorcycle gangs.”I […]
  • Links: Transportation
    Transportation news Bike news High speed, high cost, high income rail What roads and rails tell us about class and power […]
  • Word
    The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man -- GB Shaw […]
  • How the Me Generation approaches major foreign policy matters
    "Look, 20 years from now, I'm still going to be around, God willing. If Iran has a nuclear weapon, it's my name on this. I think it's fair to say that in addition to our profound national-security interests, I have a personal interest in locking this down." - Barack ObamaThe old alchemical dream was changing base metals into gold. Th […]
  • Notes from the liberal intensive care unit
    Listening to panelists on the Steve Kornaki show making snide comments about Bernie Sanders was a helpful reminder of why liberalism is still in the intensive care unit. One panelist suggested that Sanders' supporters didn't really know where he stood on issues, implying that the senator had bizarre positions. In fact, Sanders would have been part […]
  • Towards better policing
    An ACLU manual for dealing with police abuse in your community […]
  • How health insurance is getting worse
    Vox […]
  • It takes a village to write a Hillary Clinton speech or book
    Hillary Clinton initially pretended that she wrote It Takes a Village herself. Eventually it came out that this wasn't true and that she had paid a writer $120,000 to do the job. In the interest of further transparency shouldn't the Clintons reveal the ghostwriters or their multi-million dollar collection of speeches, and how much these writers wer […]