Better Energy Storage Technology Act or the BEST Act
This bill addresses research, development, and demonstration programs relating to energy storage systems.
Among other requirements, the Department of Energy must
- establish a research, development, and deployment program for energy storage systems, including distributed and transportation energy storage technologies and applications;
- enter into agreements to carry out at least five demonstration projects and develop a 10-year strategic plan for energy storage systems;
- establish a competitive grant program to assist certain states and tribal governments, institutions of higher education, utilities, and private energy storage companies carry out demonstration projects for pilot energy storage systems;
- provide technical and planning assistance to help certain electric cooperatives, political subdivisions of states, nonprofit entities, and utilities procure energy storage systems; and
- award competitive prizes for advancing the recycling of critical energy storage materials such as lithium and cobalt.