The United States can compete in the creation, manufacturing, and deployment of clean energy technologies in a way that not only puts the country on a path to decarbonization but also drives regional economic development. Regional investment in clean energy technologies, physical infrastructure, and supply chains can support regional economies, accelerate growth, and promote a dynamic, inclusive society.
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The hope and expectation are that, similar to prior iterations of the Build Back Better Act, the package will include 10-year extensions of the renewable energy production and investment tax credits, coupled with new direct pay provisions
and incentives for key enabling technologies, like energy storage and high-voltage transmission. The clean energy industry is ready to put additional capital to work immediately to take advantage of this crucial package.
Most people believe the United States has a power grid that stretches from coast to coast. But the reality is that we have a patchwork of local and regional grids run by many different utilities. The limited “interregional” transmission lines connecting these together are not nearly enough. The shocking part is that literally nobody is responsible for planning or building a national grid.
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The Federal Government faces broad exposure to the mounting risks and costs already posed by the climate crisis. As the single largest land owner, energy consumer, and employer in the Nation, the Federal Government can catalyze private sector investment and expand the economy and American industry by transforming how we build, buy, and manage electricity, vehicles, buildings, and other operations to be clean and sustainable.
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The report has been prepared by the American Clean Power. The U.S. clean energy industry installed 5,620 MW of clean power capacity in the second quarter of 2021—a record for second quarter installations. Additions in the first half of the year total 9,915 MW, supplanting 2020 as the most active first six months for installations.
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Bill Gates has pledged to infuse $1.5 billion into a joint venture with the Department of Energy to boost the development of clean energy technologies. The investment will be made through the Breakthrough Energy climate investment fund. The funding will follow the passage of the $1.2 trillion infrastructure bill which is yet to be passed by the US government. The investment is expected to create immediate and long-term jobs in communities across the country. It will also take the country forward on the path to net zero emissions.
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In the midst of 2020 election limbo, the Washington State Department of Commerce quietly released a draft of its Washington State 2021 Energy Strategy. And it’s clear that Washington is not on track to reach its 2030 commitment target or its deeper decarbonization emissions target of being carbon neutral by 2050 unless buildings are rapidly electrified.
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