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Introduced today in the Senate and the House of Representatives, the bill would support the buildout of much-needed electric transmission infrastructure

WASHINGTON, DC – Today, national business association Advanced Energy United endorsed the Building Integrated Grids With Inter-Regional Energy Supply (BIG WIRES) Act, introduced today by Senator Hickenlooper and Representative Peters. The bill would address the need for more reliable transmission infrastructure to reduce power outages and upgrade power sector infrastructure.

NPR reflects on the first anniversary of the Inflation Reduction Act, quoting Advanced Energy United's President & CEO Heather O'Neill on how the landmark legislation and related policy reforms are driving the transition to 100% clean energy.

A year ago, Sonia Aggarwal watched from home as the votes came in on the U.S. Senate floor. Aggarwal was working as a White House aide, advising the Biden administration on climate policy. She'd been up all night, listening as senators debated legislation she and many others had spent more than a year trying to pass.

With that vote, the country's most significant climate legislation made it through the U.S. Senate, a body that had stymied previous efforts for decades. The bill went on to clear the U.S. House, and made its way to President Biden for his signature on Aug. 16, 2022.

America’s $374 billion advanced energy industry poised for accelerated growth thanks in part to the Inflation Reduction Act

WASHINGTON, DC, August 16, 2023 – A year after its signing, the Inflation Reduction Act (IRA) is working as intended, fueling a new era of investment in domestic advanced energy manufacturing and empowering the growth of the technologies and services America needs to secure a 100% clean energy future. 

The recently published Market Reportby Advanced Energy United found that the advanced energy industry – made up of several sectors including building efficiency, advanced transportation, electricity distribution and generation, and advanced fuel production – grew by 14% in market size from 2021 to 2022, up to $374 billion. Those figures have the potential to be dwarfed by the growth stemming from the investments fueled by the IRA. Combined with the Infrastructure Investment and Jobs Act (IIJA) of 2021, the IRA is expected to lead to roughly $444 billion in federal investment and $1.2 trillion in private investment, resulting in $2.8 trillion in total GDP, 23 million jobs, and $60 billion in annual consumer savings – all told, a six-fold return in investment in federal dollars in advanced energy growth. 

To celebrate the moment, Advanced Energy United President and CEO Heather O’Neill released the following statement, anticipating the next era of policies needed to reach our clean energy goals: 

WASHINGTON, D.C., May 30, 2023 – With Congressional leaders and the White House coming to an agreement in principle over raising the national debt limit, Harrison Godfrey, Managing Director at Advanced Energy United, released the following statement: