News

New report from AEE finds investing in cleaner energy technologies in New Mexico would create nearly 800,000 jobs and save New Mexicans almost $6 billion annually on energy costs

SANTA FE, July 28, 2021 – National business group Advanced Energy Economy (AEE) released a new report today that adds up the benefits of a potential federal stimulus package for New Mexico’s advanced energy sector. According to the report, a federal investment of $20 billion would deliver a nearly six-fold return for the state, adding $117 billion to the GSP (gross state product). The investment would also save consumers, municipalities, and businesses almost $6 billion on energy costs every year for decades to come and create 796,000 industry jobs (measured in job-years) for New Mexicans.

A new economic analysis finds a targeted $25 billion stimulus in Ohio's advanced energy sector would create nearly 1.7 million jobs for Ohioans and add $260 billion to the state economy—a 10-fold return on investment.

COLUMBUS, July 21, 2021 – Today, national business association Advanced Energy Economy (AEE) released a report quantifying the benefits of advanced energy investment for Ohio. The report found that investing $25 billion from potential federal stimulus in advanced energy technologies* would create 1.7 million new jobs for Ohioans (measured in job-years), save Ohio consumers $13 billion annually, generate $14 billion in annual tax revenue, and add $264 billion to GSP (gross state product).

“Federal investment in advanced energy could reset Ohio’s energy pathway by spurring new investments in energy efficiency, renewable energy, electric vehicles, and energy storage. These investments would benefit families and businesses, as well as the state’s economy overall,” said J.R. Tolbert, a managing director at Advanced Energy Economy. “Targeted stimulus applied to advanced energy has the potential to produce a 10-fold return on investment, while creating good paying local jobs.”

Economic analysis finds $20 billion in targeted stimulus investment would have a seven-fold impact, increasing Virginia’s gross state product and adding nearly 840,000 new jobs.

RICHMOND, June 14, 2021 – Today, national business group Advanced Energy Economy (AEE) released an economic assessment that found $20 billion in public investments across a range of advanced energy technologies* would increase Virginia's gross state product (GSP) by nearly $134 billion. This level of targeted stimulus would attract $49 billion in complementary private investment, save customers $6.4 billion annually, and add 838,000 jobs, measured in job-years, for Virginians.

SAN FRANCISCO, June 29, 2021 – Today, national business group Advanced Energy Economy (AEE) applauded the California legislature’s approval of advanced energy and clean transportation investment in its votes on the proposed budget for the state. This “budget bill junior” provides much-needed funding for critical programs that have accelerated California’s leadership in EV policy, including $525 million for the Clean Vehicle Rebate Program, $150 million for equity transportation programs, $124 million for in-state ZEV manufacturing grants and over $500 million for zero-emission vehicle (ZEV) infrastructure.

Report shows that proposed $600 billion in federal stimulus investments for advanced energy infrastructure could create millions of jobs, save consumers billions in energy costs, and add $3.5 trillion to U.S. GDP.

WASHINGTON, D.C., June 24, 2021 — Today, national business association Advanced Energy Economy (AEE) released a report quantifying the benefits of proposed national stimulus infrastructure investment in the advanced energy sector. An investment of $600 billion would add $3.5 trillion to the national economy, create more than 28 million new jobs (in job years), generate over $600 billion in annual tax revenue at all levels of government, and save consumers over $74 billion annually on energy costs. The report was released in the midst of active negotiations on an infrastructure package to be considered by Congress. 

Governor Jared Polis signed bipartisan Senate Bill 72, calling for a multi-state, regionally interconnected electricity system to improve grid resilience, reliability, and reduce customers’ energy costs.

DENVER, June 24, 2021 — Today, national business group Advanced Energy Economy (AEE) participated in the signing ceremony for Senate Bill 72* (SB 21-072) by Governor Jared Polis. SB 72 enables critical investments in the electricity infrastructure needed to reliably transport clean energy across the state and region, and requires state utilities to join a regional transmission organization (RTO) by 2030. The bipartisan bill was passed by the House on June 3 (vote 49-15). 

With AEE in attendance, Governor Jared Polis signed Senate Bill 260 at ceremony today, providing sustainable funding streams for the state’s vehicle electrification programs and transportation infrastructure over the next decade.

DENVER, June 17, 2021 — Today, national business group Advanced Energy Economy (AEE) joined Colorado Governor Jared Polis for the Senate Bill 21-260* (SB 260) signing ceremony at Floyd Hill. The bill creates three new state electrification enterprises and assures comprehensive transportation funding for the state, investing over $730 million to accelerate Colorado’s zero-emission vehicle market over the next decade. The bipartisan legislation was previously approved by the House on June 2, 2021 by a vote of 41-24.

Report shows that each dollar of public investment in electric vehicles, infrastructure, and support results in a nearly $5 return; $274 billion in stimulus would add $1.3 trillion to U.S. GDP, attract private investment, create millions of jobs, and provide savings for consumers and businesses. 

WASHINGTON, D.C., June 16, 2021 — Today national business group Advanced Energy Economy (AEE) released an analysis showing that public stimulus investment of $274 billion in transportation electrification would deliver $1.3 trillion to the U.S. Gross Domestic Product, create 10.7 million jobs (in job years), and generate $231 billion in savings for consumers, governments and businesses, while accelerating the move to electric vehicles.

Senate Bill 448 assures new investment in transportation electrification infrastructure and sets up Nevada to lead a regionally interconnected electricity system in the West.

CARSON CITY, June 10, 2021 — Today, national business group Advanced Energy Economy (AEE) applauded Governor Sisolak’s signing of Senate Bill 448,* which jumpstarts investment in electric transportation infrastructure and requires state utilities to join a regional transmission organization (RTO) by 2030. The bipartisan bill was passed by the Assembly on May 31 (vote 32-10), following unanimous approval in the Senate.