ACORE Statement on Senate Passage of Reconciliation Bill

WASHINGTON, D.C. — The next is a press release from Ray Lengthy, President and CEO of the American Council on Renewable Vitality (ACORE) on Senate passage of the reconciliation invoice:

“The clear vitality trade has been clear eyed {that a} part out of the clear vitality tax credit was coming. Whereas general this isn’t the end result we had hoped for, our trade will proceed to press ahead.

“Proper now, American companies have over $300 billion invested in renewable initiatives across the nation. Wind, photo voltaic, and storage are the one vitality sources that may be deployed on the scale and velocity required to satisfy near-term demand and stabilize the grid. These applied sciences are important to American vitality safety, supporting our financial prosperity and technological management. Proper now, China is investing in clear vitality to additional consolidate their benefit in provide chains, manufacturing, and the AI arms race. They’re centered on beating america – whereas we’ve simply spent months debating which technology sources we help.

“We’re grateful to the lawmakers who stood up for coverage certainty and a degree taking part in area. The clear vitality trade will maintain constructing, maintain hiring, and maintain innovating. And we’ll proceed to work with policymakers who imagine that American vitality management should embody all applied sciences, together with wind, photo voltaic, and storage – as a result of our economic system, our grid, and our world standing rely on it.”

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ABOUT ACORE

For over 20 years, the American Council on Renewable Vitality (ACORE) has been the nation’s main voice on the problems most important to wash vitality enlargement. ACORE unites finance, coverage, and expertise to speed up the transition to a clear vitality economic system. For extra data, please go to http://www.acore.org.

Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Vitality
[email protected]

Dylan Helms
Supervisor, Communications
American Council on Renewable Vitality
[email protected]