Capito Welcomes Hearing on Regional Energy Storage Hub
WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.) issued this statement in advance of today’s Senate Energy and Natural Resources Subcommittee on Energy on her Capitalizing on American Energy Storage Potential (CASP) Act. As part of her leadership to bring a regional energy storage hub to Appalachia, Senator Capito introduced the CASP Act to make a regional storage hub eligible for the Department of Energy’s successful Title XVII loan guarantee program.
“Today’s hearing on the CASP Act is a critical step forward. An Appalachian storage hub is a vital energy infrastructure project because of the numerous benefits it will bring to families, communities and manufacturers across America. In West Virginia, the regional storage hub would increase our energy use, create jobs and spur economic growth. I look forward to continuing to work with Chairman Lisa Murkowski and other members of the Energy and Natural Resources Committee to see that this important infrastructure project becomes a reality in Appalachia.”
Senators Capito (R-W.Va.) and Joe Manchin (D-W.Va.) introduced the CASP Act in June. A study by the American Chemistry Council found that an Appalachian storage and distribution hub could attract $36 billion in new chemical and plastics industry investment and support 100,000 jobs in the region by 2025.
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