News

Utility Dive reported on the Senate approval of the IRA, quoting AEE's Nat Kreamer on how tax credits will benefit clean energy developers. Read snippets below and the full article here.

The Senate approved the Inflation Reduction Act on a party-line vote Sunday, sending the bill to the House of Representatives for a scheduled vote on Friday.

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:  

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. 

Canary Media analyzed the IRA's impact on domestic industrial policy for solar power and other clean energy technologies, quoting AEE's Harry Godfrey on how solar manufacturing credits will benefit American manufacturing. Read snippets below and the full article here.

If the Democrats’ major climate and tax bill becomes law, the United States might actually end up with an effective industrial policy for the clean energy and electrification sectors.

Virginia Business reported on the SCC's approval of Virginia's offshore wind farm, quoting AEE's Harry Godfrey the project's economic impact. Read snippets below and the full article here.

The State Corporation Commission has approved Dominion Energy Inc.’s application for the proposed $9.8 billion Coastal Virginia Offshore Wind Project (CVOW), which calls for the construction of 176 wind turbines 27 miles off the coast of Virginia Beach.

Houston Chronicle discussed clean energy provisions in Senate budget reconciliation, quoting AEE's Harry Godfrey on the industrial policy impact. Read snippets below and the full article here.

For more than a decade, the United States has relied on cheap technology from abroad to fuel its shift towards clean energy. Now President Joe Biden and Democrats are looking to bring that practice to an end, as they seek to pass sweeping new climate legislation deterring clean energy developers from using foreign-made technology.

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.

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.

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. 

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.