Advanced Energy Perspectives

The 2024 NV Energy Integrated Resource Plan (IRP) proceeding is coming to a close, with a decision expected from the Public Utilities Commission of Nevada (PUCN) by December 20, 2024.

In Nevada, an IRP proceeding is conducted every three years with the goal of ensuring that NV Energy has the resources it needs to reliably and affordably serve Nevada’s electric customers and meet state policy goals. However, NV Energy’s proposed IRP, similar to those preceding it, exemplifies how the IRP process encourages investment in new gas resources, despite the availability of cheaper clean energy resources, such as Nevada’s abundant solar, geothermal, and distributed energy resources increasingly found on Nevadans’ rooftops and driveways. 

As we near the end of 2024, I’m pleased to share some good tidings and a bit of hope. While uncertainty hangs heavy on the horizon, Massachusetts offers a bright example of how states can shine when they choose to step up.

Governor Maura Healey recently signed a landmark clean energy package that will accelerate clean energy deployment in Massachusetts, and, in turn, will increase local jobs and lower energy costs. The act includes critical reforms to streamline siting and permitting processes, as well as provisions to expand grid-enhancing technologies, energy storage, and other advanced energy technologies.  

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. 

For the second time this year, Nevada’s energy leaders are convening to discuss the future of Nevada’s transmission system. Born from bipartisan (and AEE-supported) Senate Bill 448 (2021), the Regional Transmission Coordination (RTC) Task Force is charged with studying issues and policies related to transmission development and regional electricity markets for the Silver State. At the meeting today, the Task Force will hear about several competing efforts to create a more efficient and affordable western grid. There will be presentations from the California Independent System Operator, the Southwest Power Pool, and the Western Power Pool – each vying for Nevada’s attention and consideration. And while the exact contours of the West’s “Grid of the Future” remain to be determined, the benefits of a west-wide power system are becoming increasingly clear.

Labor Day 2022 is like none other for the advanced energy industry. It arrives after two years of COVID-related retrenchment and recovery and nearly a year of policy upheaval at the federal level, with threats of solar trade restrictions and climate and clean energy legislation seemingly stalled. Then, last month, came the Inflation Reduction Act which, when combined with the smaller but, in retrospect, complementary Infrastructure Investment and Jobs Act a year earlier, provides $444 billion for investment in advanced energy. That direct investment of federal dollars will, we estimate, attract $1.2 trillion in private investment, for a total boost of $2.8 trillion for the U.S. economy. And that means one more big thing: jobs.