At the close of my Rant last week, Avoiding a Downshift Tailspin with the ITC On Storage, I suggested the Senate spare the investment tax credit (ITC) for electric and thermal energy storage in its version of the One Big Beautiful Bill (OBBB). Canceling the ITC for electric and thermal storage would doom the electric grid and force regional transmission organizations to call for rolling outages to prevent a full-blown blackout. Lo and behold, on Monday, while the Downshift Rant was under review by my marketing counsel, I learned that the Senate Finance Committee did almost exactly what I suggested…
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