Bill Summary
The Battery Storage Innovation Act of 2019 is a proposed amendment to the Energy Policy Act of 2005. It aims to provide loan guarantees for innovative battery storage technologies in various applications such as residential, industrial, and transportation. This amendment would be added to Section 1703(b) of the Energy Policy Act, which currently allows for loan guarantees for various energy projects. The purpose of this amendment is to support the development and use of battery storage technologies.
Possible Impacts
1) The legislation could potentially benefit individuals or companies involved in the development and use of battery storage technologies, as they may be eligible for loan guarantees to support their projects.
2) The legislation may lead to increased investment and research in battery storage technologies, potentially creating new job opportunities for people in the energy sector.
3) The availability of loan guarantees for battery storage technologies could lead to more affordable and accessible options for individuals or businesses looking to incorporate renewable energy sources into their homes or operations. This could have a positive impact on the environment and the economy.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2277 Introduced in Senate (IS)]
<DOC>
116th CONGRESS
1st Session
S. 2277
To amend the Energy Policy Act of 2005 to make innovative technology
loan guarantees available for battery storage technologies.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 25, 2019
Ms. Hassan (for herself and Ms. Collins) introduced the following bill;
which was read twice and referred to the Committee on Energy and
Natural Resources
_______________________________________________________________________
A BILL
To amend the Energy Policy Act of 2005 to make innovative technology
loan guarantees available for battery storage technologies.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Battery Storage Innovation Act of
2019''.
SEC. 2. LOAN GUARANTEES FOR BATTERY STORAGE TECHNOLOGIES.
Section 1703(b) of the Energy Policy Act of 2005 (42 U.S.C.
16513(b)) is amended by adding at the end the following:
``(11) Battery storage technologies for residential,
industrial, or transportation applications.''.
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