Government Incentives Unveiled
In a significant development for clean energy, Brenmiller Energy anticipates a surge in the U.S. thermal energy storage (TES) market following the release of initial guidance for tax credits. The Section 45X Advanced Manufacturing Production Credit could play a pivotal role in promoting TES infrastructure.
Brenmiller’s Perspective on Tax Credits
Avi Brenmiller, Chairman and CEO, expressed excitement about the potential impact of tax credits on thermal energy storage. Drawing parallels with the transformative effect on solar and electric vehicles, he envisions a similar trajectory for TES.
Market Potential and Environmental Impact
The inclusion of TES in the tax credit program signifies a substantial development, recognizing it as crucial for decarbonization. According to the Renewable Thermal Collaborative, deploying thermal batteries at scale could significantly reduce emissions.
Brenmiller’s Commitment and Market Potential
While potential cost savings are encouraging, Brenmiller’s primary focus is on building a robust domestic TES supply chain in the U.S. The $45/kWh credit opens doors for significant market potential, and Brenmiller is dedicated to collaborating with stakeholders for a thriving U.S. TES ecosystem.
Source：businesswire.com
