US incentives for energy storage

PG&E recently inaugurated the largest battery energy storage system in California at Yerba Buena, San Jose.

PG&E – one of the utilities that must introduce a PLS programme – recently inaugurated the largest battery energy storage system in California, at Yerba Buena, San Jose. Photo credit: PG&E

We are firm believers that most new technologies that might have benefits for society and the planet will never triumph through blind market forces alone and need to have at least some of their costs subsidised before they gain the economies of scale needed to compete successfully.

Thankfully, despite its free market rhetoric, the US government seems as wedded to Keynesianism as those of Europe, either through direct incentives, tax-breaks and partnerships, or through the perennial back-door of the Pentagon’s military budget.
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