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Washington Examiner: As Pennsylvania shale industry takes center stage in presidential campaign, report suggests state should look at alternative energy sources

Posted by Steven Lerner on Oct 28, 2020

The Washington Examiner covered the potential impact of advanced energy stimulus in Pennsylvania, quoting AEE's Daniel Bloom. Read excerpts below and the full piece here. The Center Square story was published by 9 other news outlets including WFMZ-TV News here.

Clean energy has the potential to be a leading driver of economic growth for Pennsylvania as it recovers from the pandemic, according to a new report from the national business group Advanced Energy Economy. Under a scenario where Pennsylvania receives a $50 billion stimulus investment, the report says the state would achieve an economic return of $400 billion. This scenario would also yield $20 billion in annual consumer savings and more than $20 billion in additional tax revenue.


The report
allocates the funding toward renewable resources, energy efficiency, electric vehicles, grid monetization, energy storage, high voltage transmission and building electrification...

Daniel Bloom, principal at Advanced Energy Economy, said the analysis points to Pennsylvania as “one of the strongest returns on investment with an eight-fold economic impact...”