New Report Touts $123 Billion in Potential Savings for California Through Innovative Transmission Financing

Posted by Edson Perez on Nov 14, 2024 10:29:23 AM

New Report Touts Innovative Transmission Financing That Can Save California Billions

As California moves toward a clean energy future, its demand for electricity is surging, fueled by the rapid electrification of homes, vehicles, and businesses across the state. The California Air Resources Board (CARB) estimates that electricity demand could increase by 76% by 2045 (relative to 2022), making expansion of the state’s transmission infrastructure crucial to keeping the lights on.  At the same time, climate-related threats—such as wildfires, extreme heat, and severe weather events—are increasingly straining the grid, further highlighting the urgent need for modern and resilient transmission infrastructure. However, California is already grappling with an energy affordability crisis, and new transmission investments come with significant costs. To meet the state’s clean energy and reliability goals without further burdening ratepayers, innovative financing solutions will be critical. 

Net-Zero California’s (NZC’s) and Clean Air Task Force’s (CATF’s) timely report, Wired for Savings: Evaluating the Impact of Alternative Transmission Financing and Development Models on California Ratepayers, explores alternative transmission financing and development models and their impacts on consumers. The results show potential for substantial ratepayer savings of up to $3 billion per year, or about $123 billion over 40 years, to the extent that this infrastructure is financed and developed through public-private partnerships. 

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Topics: California Engagement, Transmission, California

Pennsylvanians Are Building Our Clean Energy Future Today. And They’re Just Getting Started.

Posted by Harry Godfrey on Nov 5, 2024 9:25:19 AM

140,000 Pennsylvanians employed by advanced energy

Pennsylvania has roughly 270,000 energy workers – nearly half are employed by companies in the advanced energy industry, including those generating solar power, manufacturing energy storage batteries, and helping Pennsylvanians save money by reducing energy waste. While Pennsylvania’s history is rooted in fossil fuels, its present and future is as an advanced energy leader.

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Topics: Federal Policy, Pennsylvania, Manufacturing and Infrastructure

Recent U.S. Department of Energy Investments Accelerate Advanced Energy Technology Deployment

Posted by Harry Godfrey on Oct 28, 2024 10:10:29 AM

DOE Funding Aims to Harness a Resilient and Reliable Grid

This month, the U.S. Department of Energy (DOE) announced three major investments aimed at enhancing the resilience and reliability of our nation’s electric grid in response to growing demand.

The investments made by DOE’s Transmission Facilitation Program, Grid Resilience and Innovation Partnerships (GRIP) Program, and Advanced Energy Manufacturing and Recycling Program represent significant funding for the modernization of our country’s energy infrastructure, whether through transmission projects, innovative grid solutions, or manufacturing capabilities. Funded directly by the Bipartisan Infrastructure Law (IIJA) and the Inflation Reduction Act (IRA), these programs are designed to create a reliable, clean, and affordable grid, while generating thousands of jobs and supporting disadvantaged communities. 

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Topics: Federal Policy, Manufacturing and Infrastructure, Transmission

Advanced Energy Now Employs 4.1M in the U.S.

Posted by Chloe Holden on Oct 24, 2024 3:18:56 PM

Advanced Energy Jobs Surge from 2022 to 2023

The advanced energy sector has experienced significant job growth in recent years, driven by technology advancements, increased investment in renewable energy sources, and supportive government policies aimed at combating climate change by transitioning away from fossil fuels. Investments in solar, wind, electric vehicles (EVs), and battery storage are creating millions of well-paying jobs across the advanced energy sector. As the advanced energy space continues to flourish, the future of the American workforce will evolve as well, contributing to economic development, energy independence, and positioning the U.S. as a leader in global advanced energy development. 

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Topics: Advanced Energy Employment, Insights and Analysis, Economic Impact, Advanced Energy United

California Wraps Up 2024 Legislative Session

Posted by Edson Perez on Oct 9, 2024 12:57:56 PM

Blog CA Must Embrace Advanced Energy Technologies to Combat Challenges (1)

This year’s California legislative session was filled with twists and turns as lawmakers faced intense pressure to tackle skyrocketing energy bills and prepare the grid for more extreme weather. Amidst these challenges, Advanced Energy United (United) achieved significant victories for advanced energy technologies—but we also experienced some frustrating setbacks in key areas that we will continue to focus on in the coming years. 

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Topics: Legislative, California, Advanced Energy United

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