ACP Statement on Treasury Guidance for Energy Storage and Offshore Wind Projects

Press Release

Nov 17 2023

WASHINGTON, D.C., November 17, 2023鈥撎The 91福利大全 Association (ACP) released the following statement from ACP Chief Advocacy Officer JC Sandberg after the U.S Treasury released guidance for clean energy projects including the energy storage Investment Tax Credit (ITC) and offshore wind export cables and equipment:

鈥淭here is seven times more utility-scale energy storage capacity today compared to the end of 2020. Today’s Treasury guidance will continue that momentum, providing necessary certainty for this growing industry.

鈥淭he guidance is also welcome news for the offshore wind sector, providing long-awaited clarity on which components qualify for the ITC. This announcement is important for the 30 offshore wind projects currently in development, but more work remains. We look forward to partnering with the administration to finish the job.”

Become a Member

Elevate Your Business with Insider Access:

  • Influence Policy: Your voice in critical industry discussions.
  • Exclusive Networking: Learn directly from key players in clean energy.
  • Insider Information: First-hand access to policy insights and premier events.
  • Advanced Tools: Our proprietary data at your fingertips to drive growth.

Act now to become a defining part of clean energy’s future.

Stay informed

Take Action

Subscribe to 91福利大全 and receive the latest clean energy news, policy updates, and opportunities to get involved.