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Advanced energy industry applauds Senate passage of Inflation Reduction Act, landmark clean energy and industrial policy bill

Posted by Adam Winer on Aug 7, 2022

Investments in the Inflation Reduction Act will create middle-class jobs, revitalize American manufacturing, and make our nation more energy independent   

WASHINGTON, D.C., August 7, 2022 – Advanced Energy Economy (AEE), a national trade association of clean energy buyers and businesses, celebrated Senate passage of the Inflation Reduction Act of 2022, which includes $369 billion for clean energy, advanced energy manufacturing, and electrified transportation, and released the following statement on behalf of its CEO, Nat Kreamer 

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Topics: Federal Policy, Press Releases, Manufacturing and Infrastructure, Nat Kreamer

Virginia AEE celebrates approval of offshore wind project expected to spur thousands of new jobs

Posted by Cayli Baker on Aug 5, 2022

The project is set to be the largest offshore wind farm in America and could cement Virginia as the nation’s leading wind power hub 

RICHMOND, August 5, 2022 — Business association Virginia Advanced Energy Economy (AEE) applauded  today’s State Corporation Commission decision greenlighting construction of the Coastal Virginia Offshore Wind (CVOW) project 27 miles off the coast of Virginia Beach. The project is set to be the largest offshore wind farm in North America and follows the landmark 2020 Virginia Clean Economy Act (VCEA), which included specific provisions to encourage the development of offshore wind, helping Virginia’s largest utility go 100% clean by 2045. 

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Topics: Virginia, Press Releases, Harrison Godfrey

The Washington Post: How Joe Manchin’s change of heart could revive the U.S. solar industry

Posted by Evan Halper on Jul 30, 2022

The Washington Post analyzed how the new climate package will benefit production of solar technologies, quoting AEE's Harry Godfrey on the impact. Read snippets below and the full article here.

The bill, negotiated in part by Sen. Joe Manchin III (D-W.Va.), would deliver billions of dollars in tax and other incentives to U.S. solar manufacturers, equipping them with government support on a scale of those China used to corner the market.

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Topics: Federal Policy, AEE In The News, Harrison Godfrey

E&E News: Cash, tech, speed: How the Senate bill boosts clean energy

Posted by Benjamin Storrow | E&E News on Jul 29, 2022

E&E News detailed the Senate climate bill, quoting AEE's Harry Godfrey on incentives for clean energy in the Inflation Reduction Act. Read snippets below and the full article here.

The Senate budget reconciliation deal could open the door to a green power grid, a key ingredient in slashing emissions enough to meet the country’s near-term climate ambitions.

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Topics: Federal Policy, AEE In The News, Manufacturing and Infrastructure, Harrison Godfrey

What They’re Saying: New Western RTO Economic Impact Study

Posted by Adam Winer on Jul 28, 2022

This week, national business group Advanced Energy Economy (AEE) released new research into the economic development potential of establishing a regional transmission organization (RTO) to operate the power grid for Western states. The report, conducted by independent consulting firm Energy Strategies, finds that establishing an RTO for Western states would create as many as 657,000 permanent, high-paying jobs in the West. If you want to learn more, watch the press briefing here

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

Canary Media: Clean energy would get big boost from new climate bill. Just how big?

Posted by Jeff St. John on Jul 28, 2022

Canary Media detailed how funding from the IRA would be allocated, quoting AEE's Harry Godfrey on the massive impact the bill will have on US clean energy technologies. Read snippets below and the full article here.

Senator Joe Manchin has agreed to work with Democratic Senate colleagues to quickly pass a climate and health bill that could direct nearly $370 billion over 10 years toward clean energy, electric vehicles, pollution reduction and energy security — potentially the largest-ever single federal investment in fighting climate change. 

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Topics: Federal Policy, AEE In The News, Manufacturing and Infrastructure, Harrison Godfrey

UtilityDive: Nearly 20 states push ahead with truck electrification plan

Posted by Kate Magill on Jul 28, 2022

UtilityDive reported on expanding infrastructure for electric trucks, quoting AEE's Ryan Gallentine on the plan's creation of a consistent framework for states. Read snippets below and the full article here.

Nearly 20 states and jurisdictions have signed on to an action plan striving for 100% electric medium and heavy-duty vehicle sales by 2050.

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Topics: AEE In The News, electric vehicles, Ryan Gallentine

Bloomberg: Manchin-Schumer Climate Deal Would Boost US Cleantech Makers

Posted by Brian Eckhouse on Jul 28, 2022

Bloomberg reported on the IRA and its impact on cleantech, quoting AEE's Nat Kreamer on what reconciliation means for the clean energy industry. Read snippets below and the full article here.

The landmark US Senate climate deal announced late Wednesday would boost cleantech manufacturing, a sector that’s struggled to compete with China.

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Topics: Federal Policy, AEE In The News, Nat Kreamer

AEE Applauds Inflation-Fighting Agreement Made By Senate Leaders

Posted by Adam Winer on Jul 27, 2022

Clean energy investments will reduce electricity costs and create good jobs in America 

WASHINGTON, DC, July 27, 2022 – Advanced Energy Economy (AEE), a national trade association of clean energy buyers and businesses, celebrated the federal budget agreement announced today by Senate leaders Chuck Schumer and Joe Manchin, and released the following statement on behalf of its CEO, Nat Kreamer:

“At a time of acute inflation, this agreement represents a truly historic step towards lowering the energy bills of Americans and creating real energy independence. It is likewise a smart investment in our domestic advanced energy industry, creating tens of thousands of good jobs. We applaud Senator Schumer, Senator Manchin, and all of those involved in bringing this agreement to fruition. We look forward to reviewing the details of the bill and urge Congress to move swiftly towards passage.”

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Topics: Federal Policy, Press Releases, Economic Impact, manufacturing, Nat Kreamer

UtilityDive: Western RTO could add up to $79.2 billion to regional economy, report finds

Posted by Kavya Balaraman on Jul 27, 2022

UtilityDive analyzed AEE's Western RTO Economic Impact Study, quoting AEE's Amisha Rai on RTO conversations with policymakers. Read snippets below and the full article here.

The creation of a West-wide regional transmission organization could generate between 159,000 and 657,000 permanent jobs through 2030, as well as up to $79.2 billion in additional gross regional product per year across the 11 Western states, according to a new report.

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Topics: 21st Century Electricity System, AEE In The News, Amisha Rai