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Advanced Energy Stimulus Would Bolster Ohio Economy and Create 1.7 Million New Jobs

Posted by Jane Reynolds on Jul 21, 2021

A new economic analysis finds a targeted $25 billion stimulus in Ohio's advanced energy sector would create nearly 1.7 million jobs for Ohioans and add $260 billion to the state economy—a 10-fold return on investment.

COLUMBUS, July 21, 2021 – Today, national business association Advanced Energy Economy (AEE) released a report quantifying the benefits of advanced energy investment for Ohio. The report found that investing $25 billion from potential federal stimulus in advanced energy technologies* would create 1.7 million new jobs for Ohioans (measured in job-years), save Ohio consumers $13 billion annually, generate $14 billion in annual tax revenue, and add $264 billion to GSP (gross state product).

“Federal investment in advanced energy could reset Ohio’s energy pathway by spurring new investments in energy efficiency, renewable energy, electric vehicles, and energy storage. These investments would benefit families and businesses, as well as the state’s economy overall,” said J.R. Tolbert, a managing director at Advanced Energy Economy. “Targeted stimulus applied to advanced energy has the potential to produce a 10-fold return on investment, while creating good paying local jobs.”

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Topics: State Policy, Ohio, Advanced Energy Employment, Press Releases, Economic Impact

Targeted Stimulus Investment in Advanced Energy Would Deliver Nearly $134 Billion to Virginia’s Economy

Posted by Cayli Baker on Jul 14, 2021

Economic analysis finds $20 billion in targeted stimulus investment would have a seven-fold impact, increasing Virginia’s gross state product and adding nearly 840,000 new jobs.

RICHMOND, June 14, 2021 – Today, national business group Advanced Energy Economy (AEE) released an economic assessment that found $20 billion in public investments across a range of advanced energy technologies* would increase Virginia's gross state product (GSP) by nearly $134 billion. This level of targeted stimulus would attract $49 billion in complementary private investment, save customers $6.4 billion annually, and add 838,000 jobs, measured in job-years, for Virginians.

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Topics: State Policy, Virginia, Advanced Energy Employment, Press Releases

KRON4: Energy Experts Explain Why California has So Many Power Alerts Lately

Posted by Jonathan Taraya and Eric Rucker on Jul 13, 2021

KRON4 summarized the reasons for power supply issues in the west, quoting AEE’s Leah Rubin Shen. Read snippets below and the full article here. Read Fox40’s coverage here.

(KTXL) – With California’s electric grid operator issuing more frequent Power Alerts lately, local energy experts are offering insight as to why the state is facing power supply issues.

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Topics: AEE In The News

Transition Virginia: Dive Into the Virginia Clean Economy Act

Posted by Michael Lee Pope and Thomas Bowman on Jul 12, 2021

Transition Virginia interviewed AEE’s Harry Godfrey on the Virginia Clean Economy Act and its effect on the renewable energy market. Listen to the segment here.

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Topics: AEE In The News

Utility Dive: As Chatterjee’s Tenure Ends, FERC Could Be ‘Single Most Impactful Agency’ on Climate: Rep. Casten

Posted by Catherine Morehouse on Jul 12, 2021

Utility Dive summarized FERC’s search for a replacement for outgoing Commissioner Chatterjee (former AEE staffer Maria Duaime Robinson among top picks), quoting AEE’s Jeff Dennis. Read snippets below and the full article here.

As the clock ticks down on Commissioner Neil Chatterjee's time at the Federal Energy Regulatory Commission, the task of finding a replacement commissioner is growing more urgent for industry and environmental groups. But in Congress, the appointment is being less closely watched than by the industry, despite its potential to accelerate Democratic priorities on renewables integration, fossil fuel infrastructure and more, according to one Democratic representative.

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Topics: AEE In The News

S&P Global: Biden Order Could Prompt FERC to Act on Utility-Sector Competition, Experts Say

Posted by Zack Hale on Jul 12, 2021

S&P Global summarized the potential effects of Biden’s executive order making regulations from federal agencies like FERC more competitive, quoting AEE’s Jeff Dennis. Read snippets below and the full article here.

A new executive order issued by U.S. President Joe Biden could serve as an impetus for the Federal Energy Regulatory Commission to crack down on anti-competitive behavior while encouraging more wholesale power market expansion, according to industry experts.

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Topics: AEE In The News

E&E News: Largest Grid Operator Advances Overhaul of FERC Market Rule

Posted by Jeffrey Tomich on Jul 9, 2021

E&E News summarized a potential revamp of grid operation rules in parts of the U.S., quoting AEE’s Jeff Dennis. Read snippets below and the full article here.

The operator of the bulk power grid across parts of the Mid-Atlantic and Midwest is proposing to revamp controversial market rules — a change that could empower states to reshape energy policies to address climate goals.

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Topics: AEE In The News

E&E News: 4 State Trends Remaking U.S. Electricity

E&E News summarized four trends in energy law, quoting AEE’s Sarah Steinberg and Ryan Gallentine. Read snippets below and the full article here.

From Oregon to Massachusetts, lawmakers this year pushed through measures boosting electric vehicles, promoting environmental justice and setting targets to reduce greenhouse gas emissions. But as this year's legislative sessions show, clean energy plans can also face uphill battles — and in some states, fossil fuels are getting a boost.

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Topics: AEE In The News

LA Times: Pandemic Caused Many Boomers to Retire. What That Means for the Economy—And Everyone Else

Posted by Don Lee on Jul 8, 2021

LA Times summarized trends of older workers retiring earlier in response to the COVID-19 pandemic, quoting AEE’s former senior communications director Monique Hanis. Read the full article here. Finger Lakes Times covered the story here.

When the health crisis struck early last year, workers of all ages were laid off by the tens of millions. But the result of the pandemic-induced recession is turning out to be vastly different for older workers than for their younger counterparts.

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Topics: AEE In The News

Riverbender: Illinois Ranks #1 In Site Selection Magazine’s Annual Sustainability Rankings

Posted by Riverbender Staff on Jul 3, 2021

Riverbender summarized Illinois’ plans for sustainable energy development and their ranking as a top location by Site Selection Magazine, citing an AEE report. Read snippets below and the full article here.

SPRINGFIELD -- Illinois tops the nation in Site Selection magazine’s annual ranking of the top locations for sustainable development, released today. The state moves up from the third spot in the 2021 report, which combines standard green metrics such as LEED-certified buildings, renewable energy use and green building incentives with measures such as the areas’ corporate social responsibility profiles in order to identify the best locations in the world for sustainable development. Illinois has bested California, Michigan, New York and Minnesota for the top spot in 2021.

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Topics: AEE In The News