Biden Administration includes new energy storage funding in 2022 DOE budget proposal

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Today, the Biden administration revealed details for its fiscal year 2022 budget request to the U.S. Department of Energy, including details about a new venture that will focus on lowering the cost of long-term energy storage, as well as funding for the Office of Energy. Efficiency and Renewable Energy (EERE), the National Renewable Energy Laboratory (NREL), the Advanced Research Projects Agency-Energy (ARPA-E), and the newly proposed Advanced Research Projects Agency-Climate (ARPA-C).

SEIA is calling for Congress to fully fund the Energy Storage Shot and renewable energy research.

“To tackle the climate crisis and meet President Biden’s ambitious clean energy goals by 2035, the solar industry needs to grow four times faster than it does today. The key to this is making it easier and faster to deploy solar and storage at scale, and new funding for EERE and other clean energy agencies could help make that happen,” said Abigail Ross Hopper, president. and CEO of SEIA, in a statement. statement. “Energy storage is an important part of our clean energy future and we are pleased to see the Biden administration calling for grid-scale and long-term energy storage costs to fall by 90% by 2030. Storage costs are falling, but not nearly fast enough to support the level of commitment we need to avert the worst effects of climate change.

“The energy storage program, which will be modeled after the successful SunShot program, is a useful framework for inspiring innovation, supporting a competitive storage market and encouraging the clean energy industry to work together to achieve something greater. than what we could do individually. Together, we can help improve the shipability of long-haul storage, establish a domestic storage manufacturing base, and create jobs, while reducing costs and emphasizing fairness in everything we do.

“While the details of the budget are still coming out, this is an encouraging start and we urge Congressional leaders to fully fund the government’s budget request for these agencies to help America maintain its global clean energy leadership.” can continue.”

News item from SEIA

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