News

Report shows that each dollar of public investment in electric vehicles, infrastructure, and support results in a nearly $5 return; $274 billion in stimulus would add $1.3 trillion to U.S. GDP, attract private investment, create millions of jobs, and provide savings for consumers and businesses. 

WASHINGTON, D.C., June 16, 2021 — Today national business group Advanced Energy Economy (AEE) released an analysis showing that public stimulus investment of $274 billion in transportation electrification would deliver $1.3 trillion to the U.S. Gross Domestic Product, create 10.7 million jobs (in job years), and generate $231 billion in savings for consumers, governments and businesses, while accelerating the move to electric vehicles.

Virginia AEE, Sun Tribe, and BrightSuite host U.S. Representative Spanberger, State Senator Hashmi, and State Delegate Ware to tour new school solar rooftop array, illustrating significant energy cost savings, benefits of Virginia Clean Economy Act, employment growth for the Commonwealth.

POWHATAN, VIRGINIA, June 8, 2021 — Today, business group Virginia Advanced Energy Economy (Virginia AEE), its member, Virginia-based solar developer Sun Tribe, and BrightSuite Solar, a subsidiary of Dominion Energy, hosted Virginia and U.S. congressional lawmakers for the unveiling of Powhatan Elementary School’s recently completed solar energy rooftop array. The project illustrates the impact of Virginia’s Clean Economy Act and growing advanced energy employment across the Commonwealth, expected to increase by 8% according to AEE’s latest jobs fact sheet. The solar arrays at Powhatan County Public Schools were developed through a partnership between BrightSuite and Sun Tribe.

Prasanna Venkatesan, EVP and Head of Americas, Landis+Gyr, will chair national business group; three new AEE board members named; immediate past chair and co-founder Hemant Taneja remains a board member of affiliated Advanced Energy Economy Institute.

New fact sheets on 14 states show that advanced energy industry is a large employer, with job growth of 6% to 8% predicted for this year.

Approved by the Senate Education Committee today, Senate Bill S5268 offers incentives of up to 20% of cost and sales tax exemption, as well as longer lease terms, to school districts purchasing or leasing electric buses; the bill also allows state aid to be used for charging infrastructure costs.

ALBANY, May 11, 2021 — Today national business group Advanced Energy Economy (AEE) applauded action on a new bill to spur investment in electric school buses across New York State by providing reimbursement of school districts, on a graduated scale based on need, when they purchase or lease electric school buses. The Senate Education Committee voted unanimously to pass SB S5268* out of committee.

New report shows California’s electric transportation-related workforce expected to nearly double by 2024; already 3,900 companies across the state  are involved in electric transportation, while related industries with more than half a million workers have an opportunity to quickly retool and retrain to meet market demand for business and job growth.

SACRAMENTO, CA, April 22, 2021 — Today national business group Advanced Energy Economy (AEE) released a report that shows 3,900 electric transportation-related California businesses dispersed across 55 of its 58 counties as of 2019. Employment in electric transportation (ET) is expected to nearly double by 2024 to an estimated 68,000 workers as demand for electric vehicles (EV) and EV charging infrastructure grows.

New report shows electric transportation-related jobs expected to increase by 83% by 2024; 560 companies across the state already employ 5,200 workers; related industries have opportunity to quickly retool and retrain to meet market demand for business and job growth.

SPRINGFIELD, IL, April 12, 2021 — Today national business group Advanced Energy Economy (AEE) released a report that shows Illinois employs an estimated 5,200 electric transportation-related workers at 560 businesses in 97 of its 102 counties. This figure is expected to increase by 83% by 2024 to an estimated 9,500 workers to meet growing market demand.

Global advanced energy revenue exceeded pharmaceutical manufacturing and was double coal mining; U.S. market was nearly equal to food and beverage stores, nearly double electrical equipment and appliances.

WASHINGTON, D.C., March 25, 2021 — Today, national business group Advanced Energy Economy (AEE) announced that total revenue for advanced energy worldwide reached $1.4 trillion in 2020, growing by 2.5% over 2019, following 7% growth in the year prior. The U.S. advanced energy market hit $240 billion in revenue, down 2%, on par with the U.S. GDP decline, after growing 18% in 2019. Excluding the impact of volatility in ethanol (a subsegment of Advanced Fuels), U.S. advanced energy revenue grew about 8% in both 2020 and 2019.