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

  • Hard days at First Look
    Djelloul Marbrook -  Mainstream journalism is now in the hands of five corporatoe dictators, five Citizens Kane. In committing $250 million to finance First Look and Intercept, eBay’s Pierre Omidyar promised to break this mold, this corporate manhandling of the news. American journalists took notice. Many applied for work at this new project, which has now, […]
  • What's happening
    What it's like trying to get a voter IDSweden become third EU state to recognize Palestine A Georgia appellate court recently reached a decision that holds parents liable for their kids’ online activity—an unprecedented legal ruling, lawyers said. The parents of a 7th grader were deemed “negligent” after failing to get their son to delete a defamatory F […]
  • Halloween outfit of the year
    Ruth Baby GinsbergSource unknown […]
  • The real Clinton story: 1983
    Stories the media doesn't tell you about the Clintons and the state that made them Mochtar Riady forms Lippo Finance & Investment in Little Rock. A non-citizen, Riady hires Carter's former SBA director, Vernon Weaver, to chair the firm. The launch is accomplished with the aid of a $2 million loan guaranteed by the SBA. Weaver uses Governor Clin […]
  • Real economics: Wealth
    Al Jazeera - More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study by the Urban Institute. Washington Post - The median net worth of American households declined between 2000 and 2011, the Census Bureau said in a report that showed the steepest drops experienced by minorities and pe […]
  • How we get rid of geniuses these days
     A question we have raised from time to time: Where is today's Albert Einstein? Our answer: Probably on Prozac somewhere. . More on this topic:Washington's Blog -  Scott Barry Kaufman (PhD in cognitive psychology from Yale)  writes in Scientific American: Research … has supported the notion that under certain conditions, people with ADHD characteri […]
  • Pocket paradigms
    You meet alot of process people in Washington. They're like vehicles without a drive belt. They make a lot of noise; they just can't go anywhere. Getting things done is now a radical act. Then there are the virtual people. They only exist as images of themselves. Talking to one of them is like watching a bad cable show without a zapper. Some scient […]
  • Word
    It's what you learn after you know it all that counts -- Baltimore Orioles manager Earl Weaver […]
  • William Burroughs getting in the Halloween spirit
    VIA CURTIS KISE […]
  • Down East Notes
    PUBLIC INFORMATION ANNOUNCEMENT Town of Freeport, MEOn Monday evening, October 27, 2014, the Maine State Police informed Freeport’s Police and Fire Departments that Ms. Kaci Hickox would be stopping in Freeport for one night on her way to her home in Fort Kent. Ms. Hickox is a healthcare worker who recently returned to the United States after caring for Ebol […]
  • The new Middle Ages
    Some readers may recall our occasional thesis that we are living in a new Middle Ages in which the masses are up against a relatively few paranoid lords in well moated castles aka Washington and NYC. We were please to find that Monty Python was on this case some time ago.VIDEO […]
  • Mid and late career teachers are underpaid
    Center for American Progress:Mid- and late-career teacher base salaries are painfully low in many states. In Colorado, teachers with a graduate degree and 10 years of experience make less than a trucker in the state. In Oklahoma, teachers with 15 years of experience and a master’s degree make less than sheet metal workers. And teachers in Georgia with 10 yea […]
  • What's happening
    What happens when you criticize Teach for America? Over 214,000 doctors won't participate in the new plans under the Affordable Care Act analysis of a new survey by Medical Group Management Association shows. It's about a quarter of the total number of 893,851 active professional physicians reported by the Kaiser Family Foundation.The 29 states whe […]
  • FBI comes up with new assault on Constitution
    Guardian - The FBI is attempting to persuade an obscure regulatory body in Washington to change its rules of engagement in order to seize significant new powers to hack into and carry out surveillance of computers throughout the US and around the world.Civil liberties groups warn that the proposed rule change amounts to a power grab by the agency that would […]
  • How corporations staged a coup against America
    Vox - In September, a proposal to amend the US Constitution to allow tougher campaign finance and election spending restrictions went down to defeat in the Senate, on a party-line vote. Now, a new analysis by Common Cause rounded up the latest lobbying filings to find which interest groups disclosed lobbying against this amendment.There are no great surprise […]