‘Factbook’ shows advanced energy powered through 2021

Posted by Cayli Baker on Mar 8, 2022 2:00:00 PM

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All eyes were focused on energy negotiations in Washington for the better part of 2021, but with less fanfare, advanced energy companies powered a record-breaking year for investment in the energy transition. BloombergNEF and the Business Council for Sustainable Energy’s 10th annual Sustainable Energy in America 2022 Factbook released last week quantifies the industry’s progress with year-over-year data and insights on energy efficiency and renewables. The Factbook records new highs in the deployment of renewable power, battery storage, and electric transportation, despite lingering COVID setbacks and supply chain bottlenecks economy wide.

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Topics: Advanced Energy Now Market Report, Economic Impact

Rising Prices Got You Down? Advanced Energy is the Answer

Posted by Bob Keough on Feb 23, 2022 11:00:00 AM

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After nearly two years of pandemic paralysis, the new worry about the U.S. economy is inflation. After a long period of stability, prices are up, taking a bite out of household spending power. And as usual when prices rise, some of the most visible evidence can be found at the gas pump and in heating bills. But the spike in these energy prices shouldn’t be thought of as inflation at all. Rather, it’s a function of volatility, which is an inherent feature of fossil fuels. The answer to this price volatility is not found in the Strategic Petroleum Reserve, gasoline-tax holidays, or interest-rate increases. The solution is advanced energy.

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Topics: Federal Policy, Economic Impact

Infrastructure Act Funding for School Bus Electrification Will Have Economic Impact

Posted by Ryan Gallentine on Dec 8, 2021 9:00:00 AM

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What electric school buses do for air quality is well known. Swapping diesel buses for electric buses eliminates these vehicles as sources of local air pollution, which affects the schoolchildren who ride them every day as well as the communities they travel through. But investing in electric school buses also contributes to the economy. With the funding for school bus electrification provided in the recently passed infrastructure billthat economic boost is on the way. 

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Topics: Federal Policy, Advanced Transportation, Economic Impact

Does the U.S. Have What It Takes to Rule Electric Transportation? You Bet

Posted by Claire Alford and Ryan Gallentine on Aug 24, 2021 3:00:00 PM

Electric Transportation Dominance

In the 1920s the United States dominated the automobile market, led by Henry Ford and the Ford Motor Co. Before that, cars were difficult to make and expensive to buy. But thanks to Ford’s Model T and (then) newfangled assembly line production, the demand for cars became overwhelming, driving production into high gear, putting Americans to work with higher wages, and lowering the cost of these vehicles. This phenomenon occurs with most new technologies, from the desktop computer to the toaster. So, it is no surprise that we see the same phenomenon happening with electric vehicles (EVs) nearly 100 years later. Question is: Is the U.S. prepared to dominate the EV market the way it did in Henry Ford’s time?

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Topics: Advanced Transportation, Advanced Energy Employment, Economic Impact, Manufacturing and Infrastructure

How to Turn $1 in Infrastructure Investment into $6 of Economic Impact? Spend It on Advanced Energy

Posted by Leah Rubin Shen on Jul 7, 2021 10:00:00 AM

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Last month, President Biden and a bipartisan group of senators announced an agreement around the framework of an infrastructure deal. This comes after several rounds of bipartisan negotiations between the White House and the Senate – first with Senator Shelley Moore Capito (R-WV), the ranking member of the committee taking the lead on surface transportation reauthorization in the Senate, and then with a bipartisan coalition led by Senators Kyrsten Sinema (D-AZ) and Rob Portman (R-OH). While there is much to debate in what is – and isn’t – included in the package, what is clear, from a new AEE study, is that the way to get the biggest bang for the federal infrastructure buck is investing in advanced energy.

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Topics: Federal Policy, Economic Impact