News

Inside Sources focuses on an Ohio bill that many are calling a bailout for nuclear energy, noting AEE's opposition and including AEE's Ray Fakhoury's comments. See excerpts below and the entire Inside Sources story here:

Republican lawmakers in Ohio are under fire over a bill intended to create a clean air program but denounced by energy industry and environmental advocates as a “bailout” for the state’s nuclear energy industry. House Bill (HB) 6, proposed by Reps. Jamie Callender, R-Concord Township, and Shane Wilkin, R-Hillsboro, would establish the Ohio Clean Air Program to incentivize the state’s dynamic energy economy to build and maintain zero and reduced emissions generation facilities to fight climate change.

•  In 2018, worldwide advanced energy revenue was equal to global tourism, greater than pharmaceuticals, and double airlines.

• At $238 billion in 2018 revenue, the U.S. advanced energy market is nearly equal to aerospace manufacturing, double the revenue of the biotech industry.
  
  
  

WASHINGTON, D.C., April 25, 2019 – Today, the business group Advanced Energy Economy (AEE) announced that total revenue for advanced energy worldwide was a record $1.6 trillion in 2018, making the industry equal to global tourism, bigger than pharmaceuticals, and twice the size of airlines worldwide. The U.S. advanced energy market hit $238 billion after growing 11% in 2018 – nearly four times as fast as U.S. GDP. Advanced energy is now nearly equal in revenue to aerospace manufacturing, and twice the revenue of the biotech industry. 

This Investor Ideas article calls attention to the Governor of Nevada signing new clean energy standards legislation into law. AEE's Ray Fakhoury's supportive reaction was included. See excerpts below and the entire Investor Ideas story here:

With the stroke of his pen, Nevada Governor Steve Sisolak doubled Nevada's Renewable Portfolio Standard on Monday, laying the groundwork for thousands of new jobs and millions of dollars in economic impact of the coming decade. The new law positions the state to maintain the fastest job growth in the country for clean energy like solar, geothermal and wind.

The Indianapolis Star reports Indiana's second largest coal company is pushing for a moratorium on new electric generation projects with new lobbying help. AEE's Caryl Auslander's comments were included. See excerpts below and the entire Indianapolis Star story here:

In the final days of the legislature, an Indiana coal company has retained the support of a high-powered ally in its effort to pass legislation that would keep Indiana's coal-fired plants from closing as planned.

WASHINGTON, D.C., April 22, 2019 — Today Advanced Energy Economy (AEE) reacted to Nevada Governor Sisolak signing Senate Bill 358* that increases Nevada’s Renewable Portfolio Standard (RPS). The bill, sponsored by Senator Chris Brooks, requires energy generated and used in Nevada to come from at least 50% clean energy sources by 2030, up from 25% by 2025 previously in state law. It passed unanimously the state Senate and passed the Assembly 40-0 (with 2 absent).

This San Francisco Chronicle piece covers steps PG&E has taken amidst its bankruptcy, referencing an AEE return on equity figure. See excerpts below and the entire San Francisco Chronicle story here:

Seeking Wall Street’s favor, bankrupt PG&E asked regulators Monday for higher rates and has replaced a board member to win over a restive shareholder group.

Solar Power World highlights a new guide from Advanced Energy Buyers Group that helps states increase renewable energy resources for corporations' access. AEE's Caitlin Marquis' comments are included. See excerpts below and the entire Solar Power World story here:

Of the more than 15 gigawatts of corporate renewable energy deals done to date, less than 2 GW have occurred through utility programs, with the vast majority of power purchase agreements occurring in states that have competitive wholesale markets. A new report from the Advanced Energy Buyers Group, a business-led coalition of large energy users, explains how states with vertically integrated electricity markets can unlock the many benefits of corporate renewable energy procurement...

Report from Advanced Energy Buyers Group focuses on practical steps and best practices for states that want to offer ways for businesses to choose renewable energy to power their operations

WASHINGTON, D.C., April 18, 2019 — Of the more than 15 gigawatts (GW) of corporate renewable energy deals done to date, less than 2 GW have occurred through utility programs, with the vast majority of power purchase agreements occurring in states that have competitive wholesale markets. A new report from the Advanced Energy Buyers Group, a business-led coalition of large energy users, explains how states with vertically integrated electricity markets can unlock the many benefits of corporate renewable energy procurement.

WASHINGTON, April 17, 2019 — Today, Advanced Energy Economy reacted to a Federal Energy Regulatory Commission ruling on a petition filed by AEE in response to suggestions made earlier this year by ISO New England (ISO-NE) staff that the grid operator might, outside of established processes, change how already-qualified energy efficiency resources would be measured and included in its Forward Capacity Markets (FCM). In yesterday’s order, FERC concluded that ISO-NE’s commitment (made in its answer to the AEE petition) that it would not make changes to the measurement and verification process for energy efficiency resources without following the usual stakeholder process and filing the changes with the Commission made a declaratory order unnecessary at this time.

“We are pleased with the outcome here. As the Commission states in its order, ISO New England has committed that it will not make changes to the measurement and verification standards for energy efficiency resources without engaging stakeholders and making a filing with FERC," said Jeff Dennis, Managing Director, at AEE. "We appreciate this commitment by ISO-NE in its answer to our petition, and the Commission’s recognition of it, which brings needed clarity and certainty for energy efficiency resource providers. We look forward to continuing to work with ISO-NE and stakeholders in the region to ensure that advanced energy technologies can compete in the wholesale markets on a level playing field.”

This piece by The Toledo Blade covers a controversial bill introduced in the Ohio House that is considered by some to be a nuclear bailout that disadvantages other renewable energy sources. The AEE perspective is given by Ted Ford, president of Ohio Advanced Energy Economy. See excerpts below and the entire Blade story here: