Unleashing America's Advanced Energy Future: Federal Resources to Combat Inflation, Create Jobs, and Achieve Energy Independence

Posted by Reports on Nov 15, 2022 4:47:12 PM

Publish Date: November 15, 2022

State decision makers, from Governors and their administrations to utility regulators and lawmakers, are working to address the economic headwinds facing families and businesses – combating inflation, creating jobs, and building an American energy future that’s more affordable, reliable, clean, and independent. With deep roots in their states and communities, these leaders are working to make sure the benefits of this transition – from new jobs and investment to cleaner air and more affordable electricity – flow to those who need them most.  The Inflation Reduction Act (IRA) and bipartisan Infrastructure Investment & Jobs Act (IIJA, also known as the Bipartisan Infrastructure Law) contain a wealth of resources, programs, and incentives to support all this work. 

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Topics: State Policy, Federal Policy, Economic Impact

Unlocking the Energy Transition: Federal Action and State Opportunities

Posted by Reports on Oct 7, 2022 7:55:00 AM

Publish Date: October 7, 2022

With the passage of the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), funds are available to state, local, and tribal governments; electric utilities; businesses; schools; nonprofit organizations; households; and other entities for a variety of advanced energy infrastructure projects.

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Topics: State Policy, Federal Policy, 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

Advanced Energy Infrastructure: A Roadmap for Implementation

Posted by Reports on Jan 28, 2022 1:53:19 PM

Publish Date: November 15, 2021
Updated: February 2022

With the passage of the Infrastructure Investment and Jobs Act, funds will be available to state, local, and tribal governments for a variety of advanced energy infrastructure. The bill provides funding to address some of state and local policymakers’ top energy priorities, such as ensuring a reliable electric grid, lowering energy bills, and supporting advanced energy jobs. This document outlines key federal funding streams for supporting these priorities, as well as information about how to access the funds.

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Topics: Federal Policy, Economic Impact, Transmission