Biden Seeks to Cut Energy Storage Costs by 90% Within DecadeBy
Renewable energy ‘wherever and whenever it’s needed’
Effort is seen as critical to achieving Biden’s climate goals
The Biden administration announced Wednesday an ambitious goal of cutting the cost of energy storage by 90% within a decade, an effort officials say is necessary to achieve the president’s climate goals.
Spearheaded by the Energy Department, the plan seeks breakthroughs that will be critical for the use of power from solar, wind and other renewable energy sources when the sun isn’t shining or the wind isn’t blowing.