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Monique Hanis

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Investment in Transportation Electrification Could Have Trillion-Dollar Impact on U.S. Economy

Posted by Monique Hanis on Jun 16, 2021

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.

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Topics: Advanced Transportation, Press Releases

FERC Order No. 2222 Can Drive Innovation, Lower Costs Across the U.S. Considering the Range of Use Cases for Distributed Energy in Wholesale Markets

Posted by Monique Hanis on Jun 10, 2021

In a new report, AEE outlines multiple use cases for distributed energy resources , illustrating the benefits of allowing aggregated DER participation in wholesale electricity markets under FERC’s landmark order.
 
WASHINGTON, D.C., June 10, 2021 – Today, national business group Advanced Energy Economy (AEE) released a report illustrating use cases for distributed energy resources (DER) in wholesale electricity markets that DER aggregators and other stakeholders expect to pursue under the Federal Energy Regulatory Commission’s (FERC) Order No. 2222. These use cases demonstrate how increased DER participation in wholesale markets can improve competition, lower rates, give customers greater choice, and provide needed flexibility to support the reliability and resilience of the electricity grid. In the report, AEE also offers recommendations to guide Order No. 2222 compliance planning efforts currently underway by grid operators to ensure that implementation of the landmark order overcomes barriers that stand in the way of delivering the full value of DERs to customers and regional grid operators.
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Topics: Wholesale Markets, Press Releases

Virginia and U.S. Lawmakers Convene for Powhatan County School Solar Energy Unveiling, Highlight Expected 8% Growth in Clean Energy Jobs Across Commonwealth

Posted by Monique Hanis on Jun 8, 2021

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.

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Topics: State Policy, Virginia, Press Releases

Landis+Gyr Leader Becomes Chairman of Advanced Energy Economy

Posted by Monique Hanis on Jun 3, 2021

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.

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Topics: Press Releases

Advanced Energy Jobs Poised for Growth in States Around the Country

Posted by Monique Hanis on Jun 2, 2021

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.

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Topics: State Policy, Press Releases

Electric School Bus Bill Advances in New York Legislature

Posted by Monique Hanis on May 11, 2021

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.

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Topics: State Policy, Press Releases

California’s Dominance of U.S. Electric Transportation Supply Chain Puts State in Position for Further Workforce Gains

Posted by Monique Hanis on Apr 22, 2021

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.

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Topics: Press Releases

Report: Illinois Well-Positioned to Lead Growth of Electric Transportation Sector

Posted by Monique Hanis on Apr 12, 2021

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.

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Topics: Press Releases

Biden Infrastructure Plan Will Drive Economic Recovery While Accelerating Shift to 100% Clean Energy Future

Posted by Monique Hanis on Mar 31, 2021

WASHINGTON, D.C., March 31, 2021 – Today, national business organization Advanced Energy Economy (AEE) applauded details released by the White House of President Biden's proposed infrastructure investment, The American Jobs Plan, expected to be formally presented by the President in Pennsylvania later today. Along with remarks by CEO Nat Kreamer, AEE shared its stimulus policy priorities and related recent industry reports demonstrating the economic gains of investment in advanced energy deployment, including the electric transportation supply-chain and latest U.S. industry growth data.
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Topics: Press Releases

Report: In 2020, Advanced Energy Revenue Reached $1.4 Trillion Worldwide; U.S. Market Totals $240 Billion

Posted by Monique Hanis on Mar 25, 2021

Revenue by Industry
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.

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Topics: Press Releases