News

New cost allocation methodology for standby and buyback service rates would benefit DERs like energy storage, electric vehicles, and demand management.

Washington, D.C. – March 28, 2022 – The New York Public Service Commission (PSC) issued an Order adopting a new cost allocation methodology for standby and buyback service rates that will improve the value proposition of distributed energy resources. The long-awaited Order,* issued on March 16, referenced comments submitted by Advanced Energy Economy (AEE) multiple times and accepted many of AEE’s recommendations.   

Transmission and Distribution World published this final column in a four-part series by AEE's Bob Keough summarizing AEE's 2019 Market Report findings. Read excerpts below and the entire T&D World piece here.

According to the Advanced Energy Now 2019 Market Report, advanced transportation was the largest advanced energy segment worldwide in 2018 for the second year in a row, with an estimated US$494.8 billion in revenue, up 2% from 2017 and 8% the year before. Since 2011, the compound annual growth rate (CAGR) of advanced transportation globally was 6%. At the end of 2018, over five million plug-in electric vehicles (PEVs) were on the roads worldwide.

Transmission and Distribution World published this third column in a four-part series by AEE's Bob Keough summarizing AEE's 2019 Market Report findings. Read excerpts below and the entire T&D World piece here. 

According to the Advanced Energy Now 2019 Market Report, within the electricity delivery and management segment of advanced energy, it is noteworthy that advanced metering infrastructure (AMI) had two big revenue years in the United States recently, jumping 65% in 2017, to US$1.4 billion, and holding roughly steady in 2018. Smart meters and related infrastructure are foundational for much innovation in the electric power sector, including reforms like time-of-use rates.

Virginia Advanced Energy Economy's Harry Godfrey Reacts to Governor's Call for 100% Clean Energy

Business group applauds Gov. Northam for issuing Executive Order for the Commonwealth to reach 100% clean energy sources by 2050

RICHMOND, September 17, 2019 — Today, business group Virginia Advanced Energy Economy (Virginia AEE) reacted to Governor Northam's Executive Order calling for the Commonwealth to use 100% clean energy to meet its electric power needs by 2050. The Governor's plan includes more immediate goals focused on the deployment of renewable energy, energy efficiency, and battery storage over the next decade.

“We applaud the Governor for setting clear goals and driving Virginia's transition to 100% clean energy," said Harry Godfrey, Executive Director of Virginia AEE. “We are confident that, using an array of advanced energy technologies, we can readily meet the Governor's goal while helping to save money for Virginia families and businesses and grow our economy."

Transmission and Distribution World published this second column in a four-part series by AEE's Bob Keough summarizing AEE's 2019 Market Report findings. Read excerpts below and the entire T&D World piece here. 

According to the Advanced Energy Now 2019 Market Report, the market for electricity delivery and management, which includes advanced transmission and distribution products and services, recorded the highest compound annual growth rate (CAGR) in the period 2011 to 2018 worldwide (18%). In the United States, CAGR was a healthy 11% over that time. The year 2017 was one of the biggest for electricity delivery and management, recording 28% growth globally and 14% in the United States. While the market plateaued somewhat in 2018, with global growth at 6% and a slight decline in U.S. revenue, electricity delivery and management products will continue to receive significant investment in the coming decade.

Transmission and Distribution World published this first column in a four-part series by AEE's Bob Keough summarizing AEE's 2019 Market Report findings. Read excerpts below and the entire T&D World piece here. 

According to the Advanced Energy Now 2019 Market Report, advanced electricity generation is now the second largest advanced energy segment globally, having been displaced as the biggest by advanced transportation in 2017. At US$453 billion, advanced electricity generation was down slightly in 2018. Global revenue has been largely flat for the past two years, dropping roughly US$1 billion each year since 2016, but the total masks significant growth in solar and hydropower in 2017, nuclear power in 2018, and wind in both years.

Indiana Advanced Energy Economy Opposes SB 472 as Amended
Bill now includes moratorium on energy development designed to protect coal interests at the expense of Indiana consumers and businesses

INDIANAPOLIS, April 8, 2019 — Indiana Advanced Energy Economy (Indiana AEE) released the following statement today in opposition to SB 472, which was amended last week to include a 20-month moratorium on utility regulatory commission action on any matter involving more than 250 MW of generating capacity at a time when utilities are considering retiring coal-fired units and replacing them with cleaner, cheaper energy sources:

With 3.5 million jobs, advanced energy industry employs more U.S. workers than retail stores, twice as many as hotels and motels, three times coal and oil industries

WASHINGTON, D.C., March 20, 2019 – Today national business group Advanced Energy Economy released a fact sheet showing that the advanced energy industry employed 3.5 million U.S. workers in 2018, an increase of 125,000 jobs over 2017. Advanced energy employment grew 4 percent year-over-year, more than twice as fast as the overall U.S. employment growth rate of 1.5 percent. Employers expect to add 6 percent more advanced energy jobs in the coming year.