Coalition Calls for Robust Funding for Transmission in FY 2025 Budget
WASHINGTON, D.C. – In a joint letter to Congress today, a diverse coalition of more than 40 national and regional organizations and companies requested robust funding for electric transmission deployment and research in the Department of Energy (DOE)’s Fiscal Year 2025 budget.
In the letter, the groups highlight how upgrading and expanding the nation’s transmission network has taken on new immediacy.
“For the first time in two decades, demand for electricity is rising,” the groups explain. “Capacity exists to support this increasing demand and with the right investments can be brought online quickly.”
The groups underscore the national security benefits of a modernized transmission system, noting reports of a sharp uptick in direct cyber and physical attacks on the grid.
The letter signatories ask Congress to consider specific funding requests for DOE’s Grid Deployment Office, Office of Electricity, and Loan Programs Office, along with additional borrowing authority for the Transmission Facilitation Program. Such funding “is critical to unleashing domestic clean energy resources, safeguarding against emerging threats, catalyzing billions in private capital investment, creating thousands of good-paying jobs, and delivering low-cost energy to families and businesses,” the groups write.
The signatories on the letter include Advanced Energy United, Advanced Power Alliance, Advancing Modern Powerlines (AMP) Coalition, Alliance for Clean Energy New York, American Clean Power Association, American Council on Renewable Energy, Berkshire Hathaway Energy, Business Council for Sustainable Energy, Ceres, Clean Energy Buyers Association, Clean Grid Alliance, Conservative Energy Network, CTC Global, EarthGrid, Grid Action, Grid United, Hannon Armstrong Sustainable Infrastructure, Innergex, International Brotherhood of Electrical Workers Local Unit 1245, Interwest Energy Alliance, Invenergy LLC, League of Conservation Voters, Longroad Energy, MAREC Action, National Electrical Manufacturers Association, National Wildlife Federation, Natural Resources Defense Council, NextEra Energy Transmission, Niskanen Center, Oceantic Network, Onward Energy, Pattern Energy, RENEW Northeast, Renewable Northwest, Sierra Club, Solar Energy Industries Association, Sol Systems, Southern Renewable Energy Association, SouthWestern Power Group, Third Way, VEIR, and Working for Advanced Transmission Technologies (WATT) Coalition.
Click here to download a copy of the coalition letter.
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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 renewable energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.
About Advanced Energy United:
Advanced Energy United educates, engages, and advocates for policies that allow our member companies to compete to repower our economy with 100% clean energy. We work with decision makers at every level of government as well as regulators of energy markets to achieve this goal. The businesses we represent are lowering consumer costs, creating millions of new jobs, and providing the full range of clean, efficient, and reliable energy and transportation solutions. Together, we are united in our mission to accelerate the transition to 100% clean energy in the United States. Advanced Energy United is online at AdvancedEnergyUnited.org and @AdvEnergyUnited.
Media Contacts:
Alex Hobson, ACORE’s Senior Vice President of Communications, hobson@acore.org, 202.830.3592
Adam Winer, United’s Director of Communications, awiner@advancedenergyunited.org, 202.391.0884
The post Coalition Calls for Robust Funding for Transmission in FY 2025 Budget appeared first on ACORE.
https://acore.org/news/coalition-calls-for-robust-funding-for-transmission-in-fy-2025-budget/
Renewable Energy
ACORE Statement on Treasury’s Safe Harbor Guidance
ACORE Statement on Treasury’s Safe Harbor Guidance
Statement from American Council on Renewable Energy (ACORE) President and CEO Ray Long on Treasury’s Safe Harbor Guidance:
“The American Council on Renewable Energy (ACORE) is deeply concerned that today’s Treasury guidance on the long-standing ‘beginning of construction’ safe harbor significantly undermines its proven effectiveness, is inconsistent with the law, and creates unnecessary uncertainty for renewable energy development in the United States.
“For over a decade, the safe harbor provisions have served as clear, accountable rules of the road – helping to reduce compliance burdens, foster private investment, and ensure taxpayer protections. These guardrails have been integral to delivering affordable, reliable American clean energy while maintaining transparency and adherence to the rule of law. This was recognized in the One Big Beautiful Act, which codified the safe harbor rules, now changed by this action.
“We need to build more power generation now, and that includes renewable energy. The U.S. will need roughly 118 gigawatts (the equivalent of 12 New York Cities) of new power generation in the next four years to prevent price spikes and potential shortages. Only a limited set of technologies – solar, wind, batteries, and some natural gas – can be built at that scale in that timeframe.”
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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
The post ACORE Statement on Treasury’s Safe Harbor Guidance appeared first on ACORE.
https://acore.org/news/acore-statement-on-treasurys-safe-harbor-guidance/
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