This month at Leyline, we kicked off our new interview series – Climate Impact Profiles – with a conversation with Benjamin Lowe, senior project manager at Roland Berger LP. In this series, we will learn more about the trends and innovations driving clean energy technologies and the broader renewable energy industry through conversations with innovators in the industry. Scroll down to read more from our interview with Lowe.
In April, the Biden Administration brought a renewed focus to combating climate change. We saw progress toward President Biden’s goal of decarbonizing the energy sector by 2035 with a major focus on energy storage. President Biden’s $1.2 trillion budget request and $2 trillion infrastructure proposal allocated new spending for energy storage and included a policy that would allow standalone energy storage projects to be eligible for the federal investment tax credit (ITC). The ITC was one of the most critical federal policy initiatives to expand the solar industry in the United States. The Solar Energy Association reports that since it was enacted in 2006, the solar industry has grown by more than 10,000 percent.
A U.S. Treasury Department report released this month supported President Biden’s tax incentives for energy storage, stating that expanding these incentives will help achieve decarbonization and ensure an environmentally friendly and reliable electricity supply. At Leyline, energy storage project investments are a priority for us – and we look forward to seeing how these tax incentives transform the industry and increase the reliability of renewable energy. With record growth in the solar industry last year, we are optimistic and hopeful that there will be similar growth in the energy storage industry this year and for years to come.
We continue to make renewable energy investments that make a difference. We would love to hear how we can work with you toward a clean energy future. Please reach out at firstname.lastname@example.org.