Advanced energy economy

Last updated
Advanced energy economy
FormationNovember 2011; 9 years ago
Legal statusTrade Association
PurposeTransform public policy at the state and federal levels to enable rapid growth of advanced energy businesses
HeadquartersWashington D.C.
Key people
Nat Kreamer (CEO); Heather O'Neill (President)
Website https://www.aee.net/

Advanced Energy Economy (AEE) is a national trade association representing the advanced energy industry. [1] In 2021, AEE reported over 100 member companies. [2]

Contents

AEE states that it is the only industry association in the U.S. that represents the full range of advanced energy technologies and services, both grid-scale and distributed. [3] AEE's stated mission is to transform public policy to enable rapid growth of advanced energy businesses. AEE defines advanced energy technologies and services as included energy efficiency, demand response, energy storage, solar, wind, hydro, nuclear, electric vehicle, biofuels and smart grid.

AEE is associated with Advanced Energy Economy Institute, a 501 (c)(3) nonprofit organization. [4] In Texas, AEE operates as the Texas Advanced Energy Business Alliance. [5] AEE is the developer of PowerSuite, a software platform that enables users to search, track, and collaborate on energy policy. [6]

Founding and leadership

AEE was founded in 2011 by Tom Steyer, 2020 American Presidential candidate, [7] asset manager and philanthropist, [8] and Hemant Taneja, an Indian-born American venture capitalist. [9] George P. Shultz, an American economist, statesman, and businessman, was also instrumental in AEE's creation. [10] In 2011, Graham Richard, an American politician and entrepreneur, was named CEO of the group. [11] In 2018, Nat Kreamer became CEO of AEE. [12] An entrepreneur and investor, Kreamer was previously president and CEO of Spruce Finance and its predecessor Clean Power Finance, as well as co-founder, president, and COO of rooftop solar company SunRun. In February 2023, 11-year AEE veteran Heather O'Neill was named President and CEO of the organization. O'Neill previously served as President, Interim CEO, and SVP of Strategic Partnerships. A graduate of Harvard College and the Harvard Kennedy School of Government, O'Neill's previous employer was the Robertson Foundation. [13] Kreamer remains a member of the Advanced Energy Institute Board. [14]

Today, AEE's board of directors include executives from Apex Clean Energy, CLEAResult, Enel X North America, Landis+Gyr, LS Power, Microsoft, Modern Energy, Pattern Energy, Schneider Electric, and TRC Companies. [15]

Publications

AEE commissions and publishes reports and other publications to educate policymakers and the public about the industry. These include This Is Advanced Energy, a catalogue of technologies and services, [16] and Advanced Energy Now Market Report, which quantifies U.S. and global advanced energy revenue. [17] AEE also issues annual fact sheets on advanced energy employment in the United States and in several states. [18]

Other AEE reports highlight economic opportunities associated with advanced energy investment and growth. These include Electrifying California: Economic Potential of Growing Electric Transportation [19] and Opportunities for Meeting Commercial & Industrial Demand for Renewable Energy in Indiana. [20]

State Engagement

Advanced Energy Economy provides information to governors, legislators, and Public Utility Commissioners (PUCs) on advanced energy technologies for consumers and the grid. [21] AEE also works with environmental, labor, and justice groups at the state level in support of policies that promote the adoption of advanced energy and remove legislative and regulatory barriers to advanced energy.

Federal and Wholesale Market Engagement

AEE has been engaged with the Federal Energy Regulatory Commission (FERC) and has testified before Congress around stimulus for the advanced energy industry and the impact it has on the COVID-19 economic recovery. [27]

Advanced Energy Economy filed in support of maintaining FERC Order 841 requiring that regional grid operators allow energy storage to compete in their wholesale markets. [28]

Board of directors

As of 2021, AEE's Board of Directors include: [29]

Related Research Articles

<span class="mw-page-title-main">Distributed generation</span> Decentralised electricity generation

Distributed generation, also distributed energy, on-site generation (OSG), or district/decentralized energy, is electrical generation and storage performed by a variety of small, grid-connected or distribution system-connected devices referred to as distributed energy resources (DER).

Commonwealth Edison, commonly known by syllabic abbreviation as ComEd, is the largest electric utility in Illinois, and the primary electric provider in Chicago and much of Northern Illinois. Its service territory stretches roughly from Iroquois County on the south to the Wisconsin border on the north and from the Iowa border on the west to the Indiana border on the east. For more than 100 years, Commonwealth Edison has been the primary electric delivery services company for Northern Illinois. Today, ComEd is a unit of Chicago-based Exelon Corporation, one of the nation's largest electric and gas utility holding companies. ComEd provides electric service to more than 3.8 million customers across Northern Illinois. The company's revenues totaled more than $7 billion in 2023.

<span class="mw-page-title-main">Electric Reliability Council of Texas</span> Regional transmission organization in Texas

The Electric Reliability Council of Texas, Inc. (ERCOT) is an American organization that operates Texas's electrical grid, the Texas Interconnection, which supplies power to more than 25 million Texas customers and represents 90 percent of the state's electric load. ERCOT is the first independent system operator (ISO) in the United States. ERCOT works with the Texas Reliability Entity (TRE), one of six regional entities within the North American Electric Reliability Corporation (NERC) that coordinate to improve reliability of the bulk power grid.

<span class="mw-page-title-main">Ameren</span> American utilities provider

Ameren Corporation is an American power company created December 31, 1997, by the merger of St. Louis, Missouri's Union Electric Company and the neighboring Central Illinois Public Service Company of Springfield, Illinois. It is now a holding company for several power companies and energy companies. The company is based in St. Louis, with 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles in central and eastern Missouri and the southern four-fifths of Illinois by area.

<span class="mw-page-title-main">Energy policy of the United States</span> Where and how the United States gets electrical and other power

The energy policy of the United States is determined by federal, state, and local entities. It addresses issues of energy production, distribution, consumption, and modes of use, such as building codes, mileage standards, and commuting policies. Energy policy may be addressed via legislation, regulation, court decisions, public participation, and other techniques.

<span class="mw-page-title-main">Edison Electric Institute</span> American trade group

The Edison Electric Institute (EEI) is an association that represents all U.S. investor-owned electric companies.

<span class="mw-page-title-main">Jon Wellinghoff</span>

Jon B. Wellinghoff is an American attorney who served as the chairman of the Federal Energy Regulatory Commission (FERC) from 2009 to 2013. The FERC is a U.S. government agency that regulates the interstate transmission of electricity, natural gas, and oil. The FERC also reviews proposals to build liquefied natural gas (LNG) terminals and interstate natural gas pipelines and licenses hydropower projects.

<span class="mw-page-title-main">Smart grid</span> Type of electrical grid

The smart grid is an enhancement of the 20th century electrical grid, using two-way communications and distributed so-called intelligent devices. Two-way flows of electricity and information could improve the delivery network. Research is mainly focused on three systems of a smart grid – the infrastructure system, the management system, and the protection system. Electronic power conditioning and control of the production and distribution of electricity are important aspects of the smart grid.

<span class="mw-page-title-main">ISO New England</span> Oversees the operation of New Englands bulk electric power system

ISO New England Inc. (ISO-NE) is an independent, non-profit regional transmission organization (RTO), headquartered in Holyoke, Massachusetts, serving Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

<span class="mw-page-title-main">PJM Interconnection</span> Major electric grid coordinator in northeastern USA

PJM Interconnection LLC (PJM) is a regional transmission organization (RTO) in the United States. It is part of the Eastern Interconnection grid operating an electric transmission system serving all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia.

<span class="mw-page-title-main">Electrical grid</span> Interconnected network for delivering electricity from suppliers to consumers

An electrical grid is an interconnected network for electricity delivery from producers to consumers. Electrical grids consist of power stations, electrical substations to step voltage up or down, electric power transmission to carry power over long distances, and finally electric power distribution to customers. In that last step, voltage is stepped down again to the required service voltage. Power stations are typically built close to energy sources and far from densely populated areas. Electrical grids vary in size and can cover whole countries or continents. From small to large there are microgrids, wide area synchronous grids, and super grids.

The National Association of Regulatory Utility Commissioners (NARUC) is the national association representing the U.S. state public service commissioners who regulate essential utility services, including energy, telecommunications, and water. Founded in 1889, the Association is a resource for its members and the regulatory community, providing a venue to set and influence public policy, share best practices, and foster solutions to improve regulation.

Smart grid policy in the United States refers to legislation and other governmental orders influencing the development of smart grids in the United States.

<span class="mw-page-title-main">California Independent System Operator</span> Non-profit Independent System Operator serving California

The California Independent System Operator (CAISO) is a non-profit Independent System Operator (ISO) serving California. It oversees the operation of California's bulk electric power system, transmission lines, and electricity market generated and transmitted by its member utilities. CAISO is one of the largest ISOs in the world, delivering 300 million megawatt-hours of electricity each year and managing about 80% of California's electric flow.

Smart Grid Interoperability Panel or SGIP is an organization that defines requirements for a smarter electric grid by driving interoperability, the use of standard, and collaborating across organizations to address gaps and issue hindering the deployment of smart grid technologies.

Talen Energy is an independent power producer founded in 2015. It was formed when the competitive power generation business of PPL Corporation was spun off and immediately combined with competitive generation businesses owned by private equity firm Riverstone Holdings. Following these transactions, PPL shareholders owned 65% of Talen's common stock and affiliates of Riverstone owned 35%. As a condition for FERC approval Talen agreed to divest approximately 1,300 megawatts of generating assets in the PJM Interconnection Region to mitigate FERC's competitiveness concerns. On December 6, 2016, Riverstone Holdings completed the purchase of the remaining 65% of Talen's common stock, making it a privately owned company.

In electric power distribution, a fractalgrid is a system-of-systems architecture of distributed energy resources or DERs. In a fractalgrid topology, multiple microgrids are strategically arranged to follow a fractal or recursive pattern. Fractals, or self-similar patterns, can be seen in nature. Clouds, river networks, and lightning bolts are a few examples of natural phenomena that display fractal features. In a fractalgrid, a microgrid may be composed of smaller microgrids or “fractal units”. In such a configuration, the network becomes one of simplified power flows and communications through distributed substations.

<span class="mw-page-title-main">North American power transmission grid</span> Series of electrical grids that power the US and Canada

The electrical power grid that powers Northern America is not a single grid, but is instead divided into multiple wide area synchronous grids. The Eastern Interconnection and the Western Interconnection are the largest. Three other regions include the Texas Interconnection, the Quebec Interconnection, and the Alaska Interconnection. Each region delivers power at a nominal 60 Hz frequency. The regions are not usually directly connected or synchronized to each other, but there exist some HVDC interconnectors. The Eastern and Western grids are connected via seven links that allow 1.32 GW to flow between them. A study by the National Renewable Energy Laboratory found that increasing these interconnections would save energy costs.

<span class="mw-page-title-main">Home energy upgrades from public utilities</span> HVAC and power improvements to residences offered by service providers

Home energy upgrades from public utilities are added home energy efficiency and renewable energy features planned or installed by public utilities. Help from a public utility can make it easier for a homeowner to select, install or operate climate-friendly components. The utility might assist with coordinated use of utility-supplied energy, building features, financing, operating options and neighborhood supplied energy.

Linux Foundation Energy is an initiative launched by the US-based Linux Foundation in 2018 to improve the power grid. Its aim is to spur the uptake of digital technologies within the electricity sector and adjoining sectors using open source software and practices, with a key application being the smarter grid.

References

  1. ↑ Advanced Energy Economy's website AEE.net
  2. ↑ "AEE - AEE Members". www.aee.net. Advanced Energy Economy. Retrieved 2021-05-10.
  3. ↑ "AEE - About AEE". www.aee.net. Advanced Energy Economy. Retrieved 2021-05-10.
  4. ↑ "Advanced Energy Economy Institute - GuideStar Profile". www.guidestar.org. Archived from the original on 2017-03-20. Retrieved 2021-05-10.
  5. ↑ "Join". www.texasadvancedenergy.org. Advanced Energy Economy. Retrieved 2021-05-10.
  6. ↑ "PowerSuite About". AEE PowerSuite. Retrieved 2021-05-10.
  7. ↑ Wright, David (9 July 2019). "Tom Steyer officially announces presidential bid | CNN Politics". CNN.
  8. ↑ Joe Kernen, Becky Quick and Andrew Ross Sorkin "Alternative Energy & the Economy CNBC, December 15, 2011
  9. ↑ Joe Kernen, Becky Quick and Andrew Ross Sorkin "Profiting From Clean Energy" CNBC, December 15, 2011
  10. ↑ Advanced Energy Economy - Board of Directors AEE.net
  11. ↑ "Graham Richard Announced as CEO of Advanced Energy Economy" Fort Wayne Observed, March 10, 2012
  12. ↑ "Nat Kreamer, Advanced Energy Economy: Profile and Biography". Bloomberg.com. Retrieved 2021-05-10.
  13. ↑ Thompson, Calista. "Advanced Energy United and Institute Announce New CEO". blog.advancedenergyunited.org.
  14. ↑ United, Advanced Energy. "AEEI: Board of Directors". www.aeeinstitute.org.
  15. ↑ "Team". www.aee.net. Advanced Energy Economy. Retrieved 2021-05-10.
  16. ↑ Goman, Cara (2016-01-15). "Global Microgrid Market to Reach $35.1B by 2020 and Other Quick Microgrid News". Microgrid Knowledge. Retrieved 2021-05-10.
  17. ↑ Choi, Matthew (25 March 2021). "Interior's oil and gas showdown". POLITICO. Retrieved 2021-05-10.
  18. ↑ Howl, Ethan (2020-11-10). "Stimulus Spending on Clean Energy, Including Microgrids, Could Boost Growth". Microgrid Knowledge. Retrieved 2021-05-10.
  19. ↑ Steele, Ty (2021-04-22). "Why California's electric vehicle workforce is expected to double by 2024". KCRA. Retrieved 2021-05-10.
  20. ↑ Bowman, London; Gibson, Sarah. "After local pushback, Indiana bill on wind, solar standards takes a '180 degree turn'". The Indianapolis Star. Retrieved 2021-05-10.
  21. ↑ "AEE Webinars | PUCs". www.aee.net. Advanced Energy Economy. Retrieved 2021-05-10.
  22. ↑ Vogelsong, Sarah (March 6, 2020). "Virginia Clean Economy Act clears General Assembly, aided by beefed-up ratepayer protections". Virginia Mercury. Retrieved 2021-05-10.
  23. ↑ "Advanced Energy Economy Letter to Governor Newsom". www.scalemicrogridsolutions.com. Retrieved 2021-05-10.
  24. ↑ "APS partners with clean energy business group to reach 100% carbon-free target". Utility Dive. Retrieved 2021-05-10.
  25. ↑ "NY Set to Expand Electric Vehicle Charging Stations". www.publicnewsservice.org. Retrieved 2021-05-10.
  26. ↑ "Interchange - Filings". interchange.puc.texas.gov. Retrieved 2021-05-10.
  27. ↑ "Hearing on "Building a 100 Percent Clean Economy: Solutions for the U.S. Power Sector"". Democrats, Energy and Commerce Committee. 2019-10-30. Retrieved 2021-05-17.
  28. ↑ "'Enormous Step' for Energy Storage as Court Upholds FERC Order 841, Opening Wholesale Markets". www.greentechmedia.com. Retrieved 2021-05-17.
  29. ↑ AEE Board of Directors AEE.net
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.