On April 12, the House Energy and Commerce Subcommittee on Energy held a hearing on “The Fiscal Year 2019 Department of Energy Budget” with testimony from Secretary of Energy Rick Perry. The wide-ranging discussion covered the Administration’s request for the Office of Energy Efficiency and Renewable Energy (EERE), which would see a 70% reduction from Fiscal Year 2018; the Yucca Mountain project and legacy cleanup responsibilities; pipeline safety; encouraging innovation in the private sector; the Strategic Petroleum Reserve; resiliency in the electric grid; fusion energy research; cybersecurity infrastructure; fuel security; and Small Refinery Waivers.
In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the third installment of the series. Click to read Part 1 and Part 2.
On August 23, 2017, the Department of Energy (DOE) released its “Staff Report to the Secretary on Electricity Markets and Reliability,” which was commissioned by U.S. Secretary of Energy Rick Perry in April to provide an assessment of the reliability and resilience of the United States’ electrical grid. The comprehensive report includes an overview of electric grid resources, identification of issues bearing on electricity markets, and several recommendations primarily focused on implementing pricing policies designed to support baseload resources.
On July 20, 2017, the National Academies of Sciences, Engineering, and Medicine (NASEM) released a report directing the U.S. Department of Energy (DOE) and the U.S. Department of Homeland Security (DHS) to develop solutions to improve the cyber and physical security and overall resilience of the US electrical grid. The report, which was first initiated by Congress following the massive outages caused by Hurricane Sandy in 2014 and is further driven by recent malware infections found on the servers at a nuclear plant, addresses threats to the grid posed by natural disasters and malicious cyberattacks.
This month’s Washington Update offers an extensive overview of the major legislation that has recently been introduced on Capitol Hill, as well as the big takeaways from this month’s congressional hearings related to energy policy. We also examine the ramifications of President Trump’s decision to withdraw the United States from the Paris Agreement, and highlight the Department of Energy’s latest funding announcements for three research and development projects.
Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the third installment of the series. Click to read Part 1 and Part 2.
The Department of Energy published its Second Annual U.S. Energy and Employment Report, capturing statistics on jobs supported by advanced energy. Panelist Phil Jordan discussed this report, which shows that advanced energy is a major U.S. employer with 3.3 million workers employed in 2016. About 2/3 of these jobs are in energy efficiency, while about 1 in 5 are in advanced energy generation. Jordan advised listeners to keep an eye on this growth, as increasing efficiency and size in advanced energy companies will lead to continued labor increases through the supply chain.
To listen to the full webinar, click here.
Last week, Mintz Levin was proud to sponsor an Advanced Energy Economy (AEE) webinar highlighting AEE’s fifth annual report of market size, by revenue, of the advanced energy industry, worldwide and in the United States. The Advanced Energy Now 2017 Market Report traces the growth of the energy industry since 2011, with this year’s edition reflecting global growth of 7% from just 2015 to 2016—nearly twice the rate of the world economy overall. Other topics included the latest numbers of advanced energy jobs from the second national survey of energy employment by the Department of Energy, as well as emerging trends in advanced energy markets.
As this webinar was full of pertinent content for our readers, we will feature a series providing key takeaways over the next few weeks. Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy.
Mintz Levin is proud to sponsor an upcoming Advanced Energy Economy (AEE) webinar highlighting the fifth edition of AEE’s annual report of market size, by revenue, of the advanced energy industry, worldwide and in the United States. Additional discussion topics will include the latest numbers of advanced energy jobs from the second national survey of energy employment by the Department of Energy as well as emerging trends in advanced energy markets as told by company executives.
Date: Thursday, March 30, 2017
Time: 1 pm Eastern, 10 am Pacific
To register for this free webinar, click here.
Mintz Levin is a Gold Affiliate Member of AEE.
The Obama Administration recently announced new financing for renewable energy projects through several initiatives domestically and around the globe. From committing $125 million in Overseas Private Investment Corporation (OPIC) financing for renewable energy projects in El Salvador and India to announcing seven Innovation Challenges with a goal of reducing carbon emissions, the Administration hopes to continue the global transition to zero-and-low carbon energy sources. To learn more about these new initiatives, read on!
On September 13 the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) announced $37 million in funding for 16 new projects as part of its new program called Integration and Optimization of Novel Ion-Conducting Solids (IONICS). The projects that make up the IONICS program transform current technologies that overcome the limitations of current battery and fuel cell products. To learn more about IONICS, read on!