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The advanced energy market has grown to $6.2 billion in Florida, led by building efficiency, electricity generation, and transportation, including electric vehicles. Photo courtesy of Drive Electric Orlando

A report by The Brattle Group finds high penetration of variable renewable generation to be manageable without compromising reliability, as shown in Texas and Colorado

“North Carolina’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS) has saved money for consumers and made North Carolina a national leader in solar energy development,” said Graham Richard, CEO of Advanced Energy Economy, a national business association representing a wide range of energy technologies that are secure, clean, and affordable. “This is no time to pull the plug on energy efficiency and renewable energy in North Carolina. AEE stands with its member companies that have invested in this state, and with our state partner, the North Carolina Sustainable Energy Association, in opposing this job-killing bill. ”

Under Clean Power Plan, Utilizing Market-Based Credit Trading Would Allow Power Plant Owners To Meet Targets through Advanced Energy Measures that Reduce Emissions at Low Costs in States Where EPA Imposes a Federal Plan

Flawed Assumptions Distort Modeling of Impact, Raising Unfounded Reliability Concerns

“Today’s decision by the U.S. Supreme Court to review the Federal Energy Regulatory Commission’s authority to set rules for demand response in energy markets is to be applauded,” said Malcolm Woolf, Senior Vice President for Policy and Government Affairs for Advanced Energy Economy (AEE), a national business organization. “Demand response is a vital service that allows grid operators to relieve stress on the U.S. electric power system at times of peak demand. Under FERC’s rules, demand response has matured into a major industry that helps keep the lights on during critical events such as the polar vortex and saves consumers billions of dollars annually. We hope and expect that the high court will reverse the Appeals Court ruling and restore FERC’s authority over this important tool for reducing energy bills and enhancing grid reliability for American businesses and consumers alike.”  

Mix of new temporary construction and permanent jobs would peak at 5,700 under basic scenario, but reach 12,600 jobs if investments also aim to keep utility spending in the state – a number nearly equal to employment in Virginia’s commercial construction sector. 

Washington, D.C. – At nearly $1.3 trillion in estimated global revenue for 2014, the market for advanced energy products and services is as large as apparel and fashion and almost four times the size of the semiconductor industry worldwide, according to a report commissioned by Advanced Energy Economy (AEE), a national business association. In the United States, advanced energy market revenue grew 14% last year – five times the rate of the U.S. economy overall – to just under $200 billion, making it bigger than the airline industry, equal to pharmaceuticals, and nearly equal to consumer electronics in this country.

“This order from the Public Service Commission is a huge step toward a better energy future for New York State,” said Lisa Frantzis, Senior Vice President, Advanced Energy Economy, a national business organization. “This order provides a framework for bringing exciting new options to customers for meeting their electricity needs flexibly, reliably, and affordably. We commend Chair Zibelman and the Commission for their leadership in charting a course that will maximize the value of distributed energy resources for households, businesses, and the economy.”

Analysis of NERC Initial Reliability Review by The Brattle Group finds EPA Plan implementation is “unlikely to materially affect reliability.”