Currents - Energy Industry Insights: Issue 47, December 2020

Congress Reaches Compromise on Clean Energy Deal to be Attached to Government Funding Bill -

"A bipartisan energy package hitched to the spending bill includes provisions to boost technologies such as advanced nuclear power, energy storage, carbon capture utilization, and direct air capture."

Why this is important: These measures provide much needed support for green technologies that are in early stages of development. Of particular interest are the measures funding R&D of long-duration energy storage systems for excess energy generated by wind and solar power. Right now, a major drawback for wind and solar energy is the difficulty in storing excess energy to use during times of low wind and sun. These measures will do a great deal in lifting that burden.

Please see full Newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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