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REPORT: Stimulus Investments in Advanced Energy Would Deliver More Than $170 Billion to Florida’s Economy

Posted by Monique Hanis on Oct 22, 2020

Analysis shows $45 billion in stimulus investment would add $174 billion to Florida’s gross state product, a four-fold return on investment; increase tax revenues; create jobs; and deliver annual savings to consumers

TALLAHASSEE, October 22, 2020 – Today, national business group Advanced Energy Economy (AEE) released results of a report that quantified significant economic benefits associated with investments in advanced clean energy deployment for the state of Florida. The report, which was produced by international economics consultant Analysis Group for AEE, used an industry-standard modeling tool to estimate the impact of investing potential federal stimulus funds in advanced energy technologies, products, and services to boost economic activity in the wake of the COVID-19 slowdown.

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Topics: Press Releases

Indianapolis Star: Biden puts climate change at center of his campaign. Here's what it could mean for Indiana.

Posted by Sarah Bowman on Oct 21, 2020

The Indy Star covered the positive effects of Biden's proposed climate plan on Indiana's economy, referencing AEE's Indiana Jobs report. Read excerpts below and the full piece here.

Democratic nominee Joe Biden has made climate change an integral component throughout his platform, even closely tying his plan for economic recovery from the pandemic to combating the climate crisis...

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Topics: AEE In The News

Stimulus Investments in Advanced Energy Would Deliver More Than $200 Billion to Arizona’s Economy

Posted by Monique Hanis on Oct 21, 2020

Analysis shows $15 billion in stimulus investment would add $209 billion to Arizona’s gross state product, a 14-fold return on investment; increase tax revenues; create jobs; and deliver annual savings to consumers

PHOENIX, October 21, 2020 – Today, national business group Advanced Energy Economy (AEE) released results of a report that quantified significant economic benefits associated with investments in advanced clean energy deployment for the state of Arizona. The report, which was produced by international economics consultant Analysis Group for AEE, used an industry-standard modeling tool to estimate the impact of investing potential federal stimulus funds in advanced energy technologies, products, and services to boost economic activity in the wake of the COVID-19 slowdown.

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Topics: Press Releases

Dominion Plan Fails to Provide Energy Savings that Would Lower Costs to Virginia Customers

Posted by Monique Hanis on Oct 20, 2020

Utility’s resource plan fails to incorporate energy efficiency efforts similar to those of comparable utilities in other states and does not meet intent of the VCEA, resulting in $1 billion in higher electricity costs for Virginia customers

RICHMOND, October 20, 2020 — Today Virginia Advanced Energy Economy (Virginia AEE) submitted comments to the State Corporation Commission stating that Dominion Virginia’s 2020 Integrated Resource Plan (IRP) falls short in leveraging lower cost energy efficiency resources in its proposal to meet the Commonwealth’s projected energy needs. The utility's plan fails to incorporate energy efficiency efforts similar to those of comparable utilities and does not achieve the intent of the Virginia Clean Economy Act (VCEA), resulting in $1 billion in higher electricity costs for Virginia customers.

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Topics: Press Releases

REPORT: Stimulus Investments in Advanced Energy Sector Would Deliver More Than $400 Billion to Pennsylvania’s Economy

Posted by Aidan Boyd on Oct 20, 2020

Analysis shows $50 billion in stimulus investment would add $400 billion to Pennsylvania’s gross state product, an eight-fold return on investment; increase tax revenues; create jobs; and deliver annual savings to consumers

HARRISBURG, October 20, 2020 – Today, national business group Advanced Energy Economy (AEE) released results of a report that quantified significant economic benefits associated with investments in advanced clean energy deployment for the state of Pennsylvania. The report, which was produced by international economics consultant Analysis Group for AEE, used an industry-standard modeling tool to estimate the impact of investing potential federal stimulus funds in advanced energy technologies, products, and services to boost economic activity in the wake of the COVID-19 slowdown. 

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Topics: Press Releases

RTO Insider: Governors’ Call for ISO-NE Reforms Draws Support

Posted by Jason York on Oct 16, 2020

RTO Insider reported on New England governors calling for reforms to ISO-NE, quoting AEE's Caitlin Marquis. Read excerpts below and the entire piece here (sub. req.).

When the governors of Connecticut, Maine, Massachusetts, Rhode Island and Vermont released a joint statement Wednesday calling for reforms to ISO-NE, it read less like an olive branch and more like a precursor to a seismic shift in relations between the states and the RTO.

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Topics: AEE In The News

REPORT: Stimulus Investments in Advanced Energy Sector Would Deliver More Than $60 Billion to Nevada’s Economy

Posted by Monique Hanis on Oct 15, 2020

Analysis shows $10 billion in stimulus investment would add $60 billion to Nevada’s gross state product, a six-fold return on investment; increase tax revenues; create jobs; and deliver annual savings to consumers

CARSON CITY, October 15, 2020 – Today, national business group Advanced Energy Economy (AEE) released results of a report  that quantified significant economic benefits associated with investments in advanced clean energy deployment for the state of Nevada. The report, which was produced by international economics consultant Analysis Group for AEE, used an industry-standard modeling tool to estimate the impact of investing potential federal stimulus funds in advanced energy technologies, products, and services to boost economic activity in the wake of the COVID-19 slowdown.

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Topics: Press Releases

Solar Power World: If Illinois Could Get Its Act Together, Clean Tech Investments Would Add $350 Billion to Economy

Posted by Kelly Pickerel on Oct 8, 2020

Solar Power World reported on the eight-fold return on a $45 billion investment into clean technology in Illinois, quoting AEE's Daniel Bloom. Read excerpts below and the entire piece here

National business group Advanced Energy Economy (AEE) released results of a report that quantified significant economic benefits associated with investments in advanced energy deployment for the state of Illinois. The report, which was produced by international economics consultant Analysis Group for AEE, used an industry-standard modeling tool to estimate the impact of investing state or federal stimulus funds in advanced energy technologies, products, and services to boost economic activity in the wake of the COVID-19 slowdown.

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Topics: AEE In The News

REPORT: Stimulus Investments in Advanced Energy Sector Would Deliver More Than $350 Billion to Illinois Economy

Posted by Monique Hanis on Oct 8, 2020

Analysis shows $45 billion in stimulus investment would add $357 billion to Illinois’ gross state product, an eight-fold return on investment, increase tax revenues, create millions of jobs, and deliver annual savings to consumers

CHICAGO, October 8, 2020 – Today, national business group Advanced Energy Economy (AEE) released results of a report that quantified significant economic benefits associated with investments in advanced energy deployment for the state of Illinois. The report, which was produced by international economics consultant Analysis Group for AEE, used an industry-standard modeling tool to estimate the impact of investing state or federal stimulus funds in advanced energy technologies, products, and services to boost economic activity in the wake of the COVID-19 slowdown.

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Topics: Press Releases

Cedar Rapids Gazette: Iowa Wind Energy Jobs Could Double or Triple Over the Next Decade

Posted by John Steppe on Oct 7, 2020

The Cedar Rapids Gazette reported on the rapid job growth in the wind energy sector and its impact on the economy, quoting AEE's JR Tolbert. Read excerpts below and the entire piece here.

As many industries simply look for a path to survive the unprecedented coronavirus pandemic, one industry has its eyes on exponential growth in the next decade. The amount of wind energy jobs — already at 9,000 to 10,000 — could double or triple over 10 years, with the right conditions, experts say.

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Topics: AEE In The News

Greentech Media: What’s It Like to Be an HVAC Installer or Technician?

Posted by Chloe Holden on Oct 7, 2020

Greentech Media described the work of HVAC technicians for its Clean Energy Careers series, this one coinciding with Energy Efficiency Day and quoting AEE's Ryan Katofsky. Read excerpts below and the entire piece here.

One of the biggest jobs in clean energy is also one that is sometimes overlooked... The HVAC field (heating, ventilation and air conditioning) is split between installation and technician work, with some professionals performing both. According to industry group Advanced Energy Economy, half a million people in the U.S. are employed in the high-efficiency HVAC sector, with another 600,000 spending at least some of their time on the job working with high-efficiency HVAC equipment...

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Topics: AEE In The News

REPORT: Stimulus Investments in Advanced Energy Would Deliver More Than $150 Billion to Colorado’s Economy

Posted by Aidan Boyd on Oct 6, 2020

Analysis shows $25 billion in stimulus investment would add six-fold return to Colorado’s gross state product, increase tax revenues, create a million jobs, and deliver annual savings to consumers

DENVER, October 6, 2020 – Today, national business group Advanced Energy Economy (AEE) released a report that quantified significant economic benefits associated with investments in advanced clean energy deployment for the state of Colorado. The report, which was produced by international economics consultant Analysis Group for AEE, used an industry-standard modeling tool to estimate the impact of investing state or federal stimulus funds in advanced energy technologies, products, and services to boost economic activity in the wake of the COVID-19 slowdown.

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Topics: Press Releases

California Current: 100 Billion Greenbacks for a Green California Recovery

Posted by Herman Trabish on Oct 5, 2020

The California Current reported on the impact of a $100 billion stimulus investment in California's advanced energy sector, referencing AEE's economic impact report and quoting AEE's Amisha Rai and Matt Stanberry. Read excerpts below and the entire piece here (sub. req.).

California policymakers are talking about legislation to fund a green recovery from the Covid-19 pandemic-clobbered economy... A $100 billion stimulus investment in advanced energy technologies can pay big dividends for California, according to a September study from the Analysis Group for Advanced Energy Economy (AEE).

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Topics: AEE In The News

Utility Dive: FERC Carbon Pricing Conference Shatters Attendance Records, but Where Were the State Voices?

Posted by Catherine Morehouse on Oct 5, 2020

Utility Dive reported on the FERC carbon pricing technical conference, noting the lack of state involvement and quoting AEE's Jeff Dennis. Read excerpts below and the entire article here.

A historic nine and a half hour discussion on carbon pricing attracted at least 2,000 viewers and broke previous attendance records for a Federal Energy Regulatory Commission technical conference, according to Chairman Neil Chatterjee.

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Topics: AEE In The News

E&E News: FERC Urged to Make Way for Carbon Pricing

Posted by Arianna Skibell on Oct 1, 2020

E&E News reported on FERC's Carbon Pricing technical conference, quoting AEE's Jeff Dennis. Read excerpts below and the full piece here (sub. req.).

Carbon pricing in regional wholesale power markets is a good if not necessary step to combat climate change and ensure reasonable rates for electricity customers. That was the consensus yesterday among 30 energy sector panelists who discussed the pricing mechanism before the Federal Energy Regulatory Commission.

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Topics: AEE In The News