Carolinas Clean Energy Business Association

Clean energy proved to be a major economic boon for NC in 2024, particularly in the state's rural communities. Ranchers, farmers, and private landowners saw $45.3 million in income, and overall, projects brought $19 billion in investments, 11,850 new jobs, and $38.1 million in tax revenue. Learn more here: https://lnkd.in/eMHYtrHi #northcarolina #energy #cleanenergy #economicdevelopment

A growing number of House Republicans are urging the party to preserve the IRA's clean energy tax credits—and warning that they may oppose the party’s budget bill if the credits get axed. These members' districts have drawn billions in new investments from IRA incentives and believe that developing clean energy is critical to meet the Trump administration's goal of becoming "energy dominant." Read more: https://lnkd.in/dc7TJtgN

Fox Rothschild's Ben Snowden shares how the energy sector is responding to new Trump administration tariffs: https://lnkd.in/eXAF3Qp3

"Data centers could help slash costs and grid-upgrade times by easing off of utility grids during peak hours and finding ways to provide their own?power." https://lnkd.in/eBztMCDH

The Energy Information Administration (EIA) projects that 32.5 GW of solar power, 18.2 GW of energy storage, and 7.7 GW of wind generation will be deployed this year, accounting for nearly 93% of total new capacity, which is expected to reach a record 63 GW. https://lnkd.in/ewuCYpXj)

Tech giants and data center developers are demanding more power as soon as possible. If utilities, regulators, and policymakers move too quickly, they could unleash a?surge in fossil-gas power-plant construction and drive up consumer costs. However, with some foresight, the data center boom could actually help our grid. Data center developers can make choices right now that will lower grid costs and power-system emissions. https://lnkd.in/eDiuJctg

10 new EV battery manufacturing plants will come online this year, including five in the Southeast. But will Trump admin policies bring a battery bust? "I see a boom that’s still in its early stages—although the uncertainty is dialed up to uncomfortable levels." Read more: https://lnkd.in/eEykXfqp

Renewable energy jobs are booming in the U.S.: “'We’re seeing [the solar and wind sector] grow because it takes relatively little time to design and implement, say, a solar farm, whereas coal-fired power plant, it may take 10 years to the permitting, and the cost is next to nothing compared to traditional energy sources,' Dr. Miller told Channel 9." https://lnkd.in/etGMgyU2

"As grid-fueled power supply becomes increasingly constrained, a class of large customers frantic for capacity is willing to pay top dollar for speed and certainty. This need has resulted in rampant speculative behavior by developers across the country. And while the challenge is real, not all aspects of facilitating new load growth necessarily require additional regulatory intervention. Here we consider the sources of the speculative behavior issue and a commonsense approach to addressing them." Read more: https://lnkd.in/ezqVGbkn

As energy demand continues to climb, the U.S. needs more reliable resources---and quickly. "Grid operators, reliability authorities and utilities are ringing alarm bells, and outdated views on grid reliability are colliding with slow-moving institutions." We need a new understanding of what reliability means. A new study shows that renewables and demand-side resources are the cheapest and fastest answer to this growing need, able to be built and deployed much more quickly than natural gas and nuclear. Read more: https://lnkd.in/egfPq7Ve