Welcome!

@DXWorldExpo Authors: Liz McMillan, Elizabeth White, Zakia Bouachraoui, Pat Romanski, Maria C. Horton

News Feed Item

Advanced Energy CEOs See Opportunities, Obstacles in Fulfilling California's Nation-Leading Policies

Executives Praise State's Commitment to Advanced Energy, Recommend Strategies to Accelerate Growth and Economic Benefits  

SAN FRANCISCO, March 5, 2013 /PRNewswire-USNewswire/ -- Advanced energy CEOs believe that California's energy policies have put the state on the cutting edge of advanced energy development and innovation, but a variety of obstacles are preventing the state from fully reaping the economic and environmental benefits of advanced energy, according to a new report released today by Advanced Energy Economy.  

(Logo - http://photos.prnewswire.com/prnh/20120823/DC61994LOGO)

Based on a series of interviews with 30 CEOs and other senior executives of advanced energy companies located in California or doing significant business in the state, the report presents corporate leaders' perceptions of the state's energy policies and recommendations for actions to accelerate the growth of an advanced energy economy in California. AEE estimates that there are well over 1,800 advanced energy companies located in California.

"California is widely recognized as a global leader in encouraging advanced energy growth," said Graham Richard, CEO of Advanced Energy Economy. "But the sheer number of policies, agencies and programs designed to support advanced energy development make it difficult for companies to navigate. This report offers a series of recommendations from California's business leaders that can accelerate advanced energy success. This will unleash great economic and environmental benefits for California."

The business leaders interviewed in the report commend the state for its willingness to adopt nation-leading policies in vehicle fuel standards, alternative vehicles and the infrastructure to support them; creating markets for renewable energy resources; promoting energy efficiency, through advanced building codes, appliance efficiency standards and utility programs; supporting investment in smart grid, transmission, and on-site generation technologies; and funding advanced energy research and development (R&D). Adoption of a multi-sector cap on greenhouse gas (GHG) emissions, known as AB 32, has in particular put California on the cutting edge of policies whose objectives can be achieved by advanced energy development, investment, and deployment. The CEOs also acknowledge the state's many assets for unleashing private investment, including the investment community of Silicon Valley, a highly trained labor force, and a culture of innovation.

These strengths are offset, however, by a complexity of agencies, policies, and programs that make it challenging for companies to navigate their way to business opportunities. In addition, these companies run into obstacles that make it difficult to establish manufacturing operations in the state, and to develop large advanced energy projects. These CEOs also say it is essential that California's policies and the programs that flow from them be managed in a way that avoids waste and inefficiency that could result in a backlash against California's advanced energy leadership.   

Advanced energy executives recommend several measures that would improve the business climate for advanced energy in California:

  • California should articulate an integrated vision and action plan in support of an advanced energy economy to help guide, coordinate and prioritize agencies' actions, and to provide greater accountability for successful implementation of the state's policies.   
  • California should strive to establish the stability and predictability businesses and investors need to pursue innovation. Programs that change year to year and incentives that expire after a short period of time (or get renewed on a short-term basis) are not conducive to investment and business development. California should maintain a commitment to energy policy solutions with longer-term, stable trajectories.
  • California should foster innovation and competition by avoiding programs that pick technology winners. Competition spurs innovation and drives down cost in meeting policy goals. California should structure programs to encourage the private sector to bring innovative technologies to the market that meet desired energy and/or environmental performance standards rather than prescribe specific technologies.  
  • The Governor should appoint and empower an advanced energy business ombudsman, to assist advanced energy companies in navigating the policies, programs, and requirements intended to promote advanced energy growth and adoption.
  • California should use funding from the AB 32 revenues to fill gaps in private sector funding of advanced energy technologies and companies, especially for smaller early-stage companies, and for developers of pre-commercial technologies that need assistance in demonstration and scale-up. 
  • California should reform the California Environmental Quality Act (CEQA) to streamline the state's environmental review process and prevent abuse. Advanced energy projects could be completed faster and at lower cost if compliance with CEQA were more straightforward and if the law were less easily used by opponents to obstruct worthy projects. 

"California has always been at the vanguard of smart energy and environmental policies," said Lauren Casentini, president of Resource Solutions Group. "We were honored to participate in this important examination of how the state's policies are effecting businesses across California.  We believe that advanced energy businesses across California are crucial to keep the state's economy moving forward and look forward to working with policymakers to ensure that progress."

"We see that Californians, when given the chance, will choose sustainable, domestic fuel sources that align more with their values," said Matt Horton, CEO of Propel Fuels. "To this end, we support efforts to provide funding for infrastructure that expand access to all types of advanced energy across California, especially in development stages where private investment hasn't been active in recent years."

The study, titled "California's Advanced Energy Economy: Advanced Energy Business Leaders' Perspectives and Recommendations on California's Energy Policies," was published by the Advanced Energy Economy Institute, AEE's educational and charitable affiliate, and conducted by Analysis Group, a leading research consultancy. For a full copy of the report, please visit http://www.aee.net/california.  

"Our team is proud to gather the perspectives of California's advanced energy CEOs in this report for AEE," said Paul Hibbard, Vice President, Analysis Group. "Feedback from business leaders is critical because the markets for these companies' technologies, products and services are driven by the state's energy and environmental policies. Private enterprise will determine to a large degree the success or failure of these policies for California's economy and its residents."

AEE defines advanced energy as a broad industry category incorporating many discrete technologies and business types that contribute to making energy secure, clean, and affordable. The advanced energy industry consists of seven distinct market segments associated with energy demand (Transportation, Buildings and Industry) and energy supply (Fuel Production, Fuel Delivery, Electricity Generation, and Electricity Delivery and Management).  These segments are divided into 41 subsegments, ranging from Vehicle Design and Materials and Freight Logistics in Transportation to Advanced Metering Infrastructure and Energy Storage in Electricity Delivery and Management. Electricity Generation includes Hydropower, Gas Turbines, Solar, Wind, Geothermal, Marine, Waste, Biomass, Nuclear, and Other Distributed Generation.

Advanced energy was a $1.1 trillion global market in 2011, larger than pharmaceutical manufacturing worldwide, according to a January 2013 report released by AEE and produced by Pike Research. This first-ever analysis of the advanced energy sector also shows that the market in the U.S. represents a significant part of the nation's economy, with $132 billion in revenue in 2011, and a 19 percent growth rate estimated for 2012, with U.S. revenue rising to $157 billion.

For a full copy of AEE's January 2013 report and other information on advanced energy, please visit http://AdvancedEnergyNOW.net.

About Advanced Energy Economy and the AEE Institute

Advanced Energy Economy is a national organization representing the advanced energy industry. AEE's mission is to influence public policy, foster advanced energy innovation and business growth, and provide a unified voice for a strong U.S. advanced energy industry that will drive the global transition to a smarter energy future. The AEE Institute's mission is to raise awareness of the public benefits of advanced energy, drive the policy debate on key topics, and provide a forum where leaders can address energy challenges and opportunities facing the United States.

About Analysis Group

Analysis Group's more than 500 professionals provide economic, health care, financial, and business strategy consulting to leading law firms, corporations, and government agencies. The firm's 11 offices are located in Boston, Chicago, Dallas, Denver, Los Angeles, Menlo Park, New York, San Francisco, and Washington, DC; and internationally in Montreal and Beijing. www.analysisgroup.com

SOURCE Advanced Energy Economy

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

DXWorldEXPO Digital Transformation Stories
@CloudEXPO and @ExpoDX, two of the most influential technology events in the world, have hosted hundreds of sponsors and exhibitors since our launch 10 years ago. @CloudEXPO and @ExpoDX New York and Silicon Valley provide a full year of face-to-face marketing opportunities for your company. Each sponsorship and exhibit package comes with pre and post-show marketing programs. By sponsoring and exhibiting in New York and Silicon Valley, you reach a full complement of decision makers and buyers in ...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
"Cloud computing is certainly changing how people consume storage, how they use it, and what they use it for. It's also making people rethink how they architect their environment," stated Brad Winett, Senior Technologist for DDN Storage, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
LogRocket helps product teams develop better experiences for users by recording videos of user sessions with logs and network data. It identifies UX problems and reveals the root cause of every bug. LogRocket presents impactful errors on a website, and how to reproduce it. With LogRocket, users can replay problems.
Data Theorem is a leading provider of modern application security. Its core mission is to analyze and secure any modern application anytime, anywhere. The Data Theorem Analyzer Engine continuously scans APIs and mobile applications in search of security flaws and data privacy gaps. Data Theorem products help organizations build safer applications that maximize data security and brand protection. The company has detected more than 300 million application eavesdropping incidents and currently secu...