In April, Heinrich voted to pass the Energy Policy Modernization Act, a bipartisan energy bill where he secured key provisions for New Mexico to boost the state’s energy industry. Heinrich supported legislation in the bill that provides for a $500 million, 10-year applied Research & Development program in grid-scale storage–more than triple the current level of federal investment to address the ongoing challenges of the high costs of materials and production, reliability and safety, and the lack of industry acceptance of these technologies.
In December, Heinrich secured robust investments in clean energy production as part of a major wide-ranging energy agreement. Extending federal clean energy tax incentives will provide substantial certainty in an industry that has been plagued by one year at a time tax policy and encourage construction of more utility-scale wind and solar generation.
Heinrich is also the author of the Energy Storage Promotion and Deployment Act, a bill to create America’s first energy storage standard. The bill would establish an energy storage portfolio standard for electric utility companies. Energy Storage will help bolster system resilience during emergencies and outages by storing energy produced by a variety of sources; to integrate diverse resources, such as variable generation and demand response; to provide reliable, supplemental services to the electric grid and to help displace new investment in fossil fuel generation.