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Colorado Bill Signed into Law Will Accelerate Economic Recovery and Clean Transportation Infrastructure for the State

Posted by Cayli Baker on Jun 17, 2021

With AEE in attendance, Governor Jared Polis signed Senate Bill 260 at ceremony today, providing sustainable funding streams for the state’s vehicle electrification programs and transportation infrastructure over the next decade.

DENVER, June 17, 2021 — Today, national business group Advanced Energy Economy (AEE) joined Colorado Governor Jared Polis for the Senate Bill 21-260* (SB 260) signing ceremony at Floyd Hill. The bill creates three new state electrification enterprises and assures comprehensive transportation funding for the state, investing over $730 million to accelerate Colorado’s zero-emission vehicle market over the next decade. The bipartisan legislation was previously approved by the House on June 2, 2021 by a vote of 41-24.

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Topics: Press Releases

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

Governor Sisolak Signs Nevada’s ‘New Energy Economy’ Bill to Drive Electric Transportation Growth, Regional Power Market

Posted by Cayli Baker on Jun 10, 2021

Senate Bill 448 assures new investment in transportation electrification infrastructure and sets up Nevada to lead a regionally interconnected electricity system in the West.

CARSON CITY, June 10, 2021 — Today, national business group Advanced Energy Economy (AEE) applauded Governor Sisolak’s signing of Senate Bill 448,* which jumpstarts investment in electric transportation infrastructure and requires state utilities to join a regional transmission organization (RTO) by 2030. The bipartisan bill was passed by the Assembly on May 31 (vote 32-10), following unanimous approval in the Senate.

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Topics: State Policy, 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

Landmark Regional Electricity Grid and Transmission Bill Passes Colorado Legislature

Posted by Cayli Baker on Jun 3, 2021

Colorado House passed bipartisan Senate Bill 72, calling for a multi-state regionally interconnected electricity market to improve grid resilience, reliability, and reduce customers’ energy costs.

DENVER, June 3, 2021 — Today, national business group Advanced Energy Economy (AEE) applauded passage of Senate Bill 72* (SB 21-072) by the Colorado House on a strong bipartisan 49-15 vote. SB 72 enables critical investments in the electricity infrastructure needed to reliably transport clean energy across the state and region, and requires state utilities to join a regional transmission organization (RTO) by 2030. Having passed the Senate on a bipartisan vote of 28-6 in April, SB 72 heads to the Governor’s desk. 

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Topics: 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

Targeted Stimulus Investment in Advanced Energy Would Deliver More than $70 Billion to West Virginia’s Economy

Posted by Cayli Baker on Jun 3, 2021

Economic analysis finds $10 billion in targeted stimulus investment would have a seven-fold impact, increasing West Virginia’s gross state product, adding over 433,000 new jobs.

CHARLESTON, June 3 2021 – Today, national business group Advanced Energy Economy (AEE) released an economic assessment that found $10 billion in public investments across a range of advanced energy technologies would increase West Virginia's gross state product (GSP) by $70 billion. This level of targeted stimulus would attract $23 billion in complementary private investment, save customers $4.1 billion annually, and add 433,000 jobs, measured in job-years, for West Virginians.

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Topics: State Policy, Press Releases

Transportation Bill Zooms Through Colorado House, Expanding Access to Zero-Emission Transportation Statewide

Posted by Cayli Baker on Jun 2, 2021

House votes 41-24 to pass Senate Bill 260, providing sustainable funding streams for the state’s vehicle electrification programs and transportation infrastructure.

DENVER, June 2, 2021 — Today, national business group Advanced Energy Economy (AEE) applauded the Colorado legislature for passing comprehensive transportation funding legislation, Senate Bill 21-260*. Approved by the House 41-24, SB 260 will invest over $730 million to accelerate Colorado’s zero-emission vehicle market over the next decade. Having passed concurrence in the Senate, the bill now heads to Governor Polis for his expected signature. 

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Topics: Advanced Transportation, 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