WASHINGTON, D.C. — The following is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE) on Senate passage of the reconciliation bill:

“The clean energy industry has been clear eyed that a phase out of the clean energy tax credits was coming. While overall this is not the outcome we had hoped for, our industry will continue to press forward.

“Right now, American businesses have over $300 billion invested in renewable projects around the country. Wind, solar, and storage are the only energy sources that can be deployed at the scale and speed required to meet near-term demand and stabilize the grid. These technologies are essential to American energy security, supporting our economic prosperity and technological leadership. Right now, China is investing in clean energy to further consolidate their advantage in supply chains, manufacturing, and the AI arms race. They are focused on beating the United States – while we’ve just spent months debating which generation sources we support.

“We’re grateful to the lawmakers who stood up for policy certainty and a level playing field. The clean energy industry will keep building, keep hiring, and keep innovating. And we will continue to work with policymakers who believe that American energy leadership must include all technologies, including wind, solar, and storage – because our economy, our grid, and our global standing depend on it.”

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ABOUT ACORE

For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.

Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org

Dylan Helms
Manager, Communications
American Council on Renewable Energy
helms@acore.org

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https://acore.org/news/acore-statement-on-senate-passage-of-reconciliation-bill/