WASHINGTON, DC — Following the passage of H.R. 1 by the U.S. Senate, Advanced Energy United President and CEO Heather O'Neill released the following statement:

"This bill will hit Americans hard, terminating credits that have helped families lower their energy and transportation costs, shrinking demand for American-made advanced energy technologies, and squeezing new domestic energy production at a time of rising demand and prices. While Senators have addressed some of the worst provisions from earlier versions – including the ill-conceived excise tax – a number of punitive measures remain. The advanced energy industry will endure, but the downstream effects of these rollbacks and punitive policies will be felt by American families and businesses for years to come. 

As H.R. 1 moves towards final passage in the House, we urge Representatives to keep in mind the thousands of jobs, and billions in investment that our industry represents across America. It is critical that the energy provisions aren’t further eroded. Hanging in the balance are the $3 trillion in economic benefits our companies expect to provide by expanding domestic manufacturing and building the new energy projects our nation’s economy needs to thrive. So too is the electricity we need to keep up with growing energy demand, compete on the world stage in the race for AI dominance, and – fundamentally – keep the lights on! The lawmakers who protect these tax credits through final passage will cement a legacy of fighting for American jobs, economic prosperity, and global energy leadership."

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Click here to learn more about Advanced Energy United's work advocating for federal policies that allow advanced energy and electrified transportation businesses to thrive in America.