Advanced Energy Perspectives

While much attention is focused on key Congressional races as we head into Election Day, the outcomes of contests for governor and state legislative seats could be just as consequential for the clean energy industry—if not more so. To ensure state policies help advanced energy and transportation make the necessary strides needed for the U.S. to reach net zero, AEE met with more than 130 candidates in key races to emphasize the value of clean energy.

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.

Extreme weather. Spiking natural gas prices. Peak levels of electricity use that push the grid to its limit. Our energy system faces a growing set of challenges, and our utilities and their regulators have to make big infrastructure and investment decisions today to solve those challenges. But even with a growing number of advanced energy technologies and solutions available – including those on the demand-side – many electric utilities just want to build more natural gas-fired power plants. We think there is a better way. Here’s how utilities – and one utility in particular – can use rates, incentives, and technology to manage energy use and save customers money.

Less than a week after the legislature concluded its 2022 session, California was back in the news for record-breaking heat waves and emergency energy conservation efforts that staved off power outages. This combination of extreme weather and grid strain underscored the central theme driving energy legislation at the State Capitol this year: reliability. Throughout budget and bill deliberations, policymakers grappled with the core question of how to keep the lights on under increasingly challenging conditions without compromising California’s world-renowned climate leadership or spiking consumer energy bills. What came out of the session that ended August 31 was lawmakers’ current answer, but the question is not going away.

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.