2022 Advanced Energy Employment Fact Sheets

Posted by Reports on Sep 6, 2022 7:00:00 AM

Publish Date: September 6, 2022

Nationally, advanced energy employment bounced back from COVID-related job losses with 4.8% growth from 2020 to 2021, faster than overall U.S. job growth of 2.8%, adding 155,000 jobs. Advanced energy jobs are not all the way up to the previous peak of 2019, but they are on an upward trajectory that will only accelerate with the billions of dollars for clean energy investment provided by the federal Infrastructure Investment and Jobs Act and Inflation Reduction Act.  

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Topics: State Policy, Advanced Energy Employment, Economic Impact

Advanced Energy Provisions in the Inflation Reduction Act

Posted by Reports on Aug 19, 2022 9:30:38 AM

Publish Date: August 15, 2022

On Friday, August 12, the Inflation Reduction Act (H.R. 5376, IRA) passed the U.S. House of Representatives, the final stop in the legislative process before it arrives at President Biden’s desk for his signature. With over $396 billion in direct federal investments in advanced energy, transportation, and manufacturing, the IRA represents the largest climate and clean energy bill in US history – as well as one of the largest pieces of industrial policy in the modern era.

AEE’s Advanced Energy Manufacturing and Infrastructure (AEMI) Working Group dug into the details of the IRA and produced this detailed synopsis, cross-referencing it with other publicly available summaries to ensure accuracy. Many thanks to the team at Wilson Sonsini Goodrich & Rosati, which provided a careful review and additional analysis.

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Topics: Federal Policy

Economic Impact of Advanced Energy Investment From the Infrastructure Investment and Jobs Act and Inflation Reduction Act

Posted by Reports on Aug 11, 2022 9:47:11 AM

Publish Date: August 11, 2022

The Infrastructure Investment and Jobs Act of 2021 and Inflation Reduction Act of 2022 will deliver unprecedented investment in advanced energy deployment and production in the United States. Drawing on previous AEE reports on federal stimulus proposals, this report estimates the economic impact of these two federal laws, both nationally and in 13 selected states. This analysis shows that the combined $444 billion invested through IIJA and IRA will stimulate an additional $1.2 trillion in private investment and result in:

  • $2.8 trillion in total incremental economic activity (GDP)
  • An increase in employment by 23 million jobs (in job-years)
  • $505 billion in tax collections, and
  • $60 billion in annual consumer savings

This would represent a six-fold return on investment of federal dollars in advanced energy growth.

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Topics: Federal Policy

Western RTO Economic Impact Study

Posted by Reports on Jul 26, 2022 2:21:06 PM

Updated: September 28, 2022; region-wide analysis published July 26, 2022

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Topics: State Policy, Wholesale Markets, Transmission

Clean Hydrogen's Role in an Advanced Energy Economy

Posted by Reports on May 10, 2022 8:00:00 AM

Publish Date: May 10, 2022

 

AEE’s vision is 100% clean electricity and electrified transportation in the U.S., and we support a broad range of technologies, products, and services that will get us to that goal. Clean hydrogen, meaning hydrogen produced using solely zero-carbon energy resources, has the potential to contribute to a 100% clean energy economy by utilizing advanced energy resources in place of fossil fuels. This document outlines key principles and considerations that legislators and other decisionmakers can use to develop and evaluate clean hydrogen policies.

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Topics: State Policy, Advanced Transportation