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Governor Scott Proposes Grid Optimization & Clean Transportation Investments to Lower Energy Costs, Support Local Climate Economy
In his annual budget address, Governor Phil Scott today proposed an investment of $7 million to spur grid optimization and transportation electrification. The Governor’s proposals include a variety of incentives to support grid efficiency including: a new refundable research and development tax credit for local clean grid optimization businesses; property tax structure stability and certainty for storage and grid optimization projects; and elimination of the corporate income tax for existing and new grid optimization companies.
Buildings as Batteries: Innovative energy storage for a cleaner, greener electric grid
Morgan Casella is finding innovative ways to store renewable energy in large commercial buildings, and decrease the load on the grid during peak times. Casella’s idea is to use the state’s biggest buildings, including the Brattleboro Retreat, as giant batteries. Photo...
REV joins Congressman Peter Welch in effort to extend ITC
Renewable Energy Vermont (REV) announced that it will join Representative Peter Welch and 165 other Members of Congress in calling for an extension of the investment tax credit (ITC) for renewable energy investments, including energy storage. The Renewable Energy...
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