Are Tax Incentives Enough to Spur the U.S. Energy Transition Forward?

01/25/24 • 27 min

Accelerating Energy: Powering Business Through the Energy Transition

The United States government is authorizing millions of dollars in grants to electric cooperatives in the hopes of promoting grid resiliency and alternative energy adoption. Will grants and other incentives entice businesses to adopt clean energy? Or will political uncertainty in this election year tamp down these efforts?

In the second episode of Accelerating Energy, host and Sidley partner, Ken Irvin, speaks with Robin Lunt, Chief Commercial Officer at Guzman Energy, a wholesale power provider dedicated to helping communities seeking affordable and reliable energy. Together, they discuss what businesses need to know about adopting clean energy and infrastructure amid legislative and regulatory uncertainty.

Executive Producer: John Metaxas, WallStreetNorth Communications, Inc.

Executive Producer: John Metaxas, WallStreetNorth Communications, Inc.

Previous Episode

How Energy Transmission Can Save the Grid – and Electrify the U.S. Economy

U.S. energy regulators warn that elevated threats of outages from storms and prolonged cold snaps will continue to impact our electric grid and the economy. The Biden administration recently announced $3.5 billion in grants to fund clean energy projects that combat climate change and promote renewable energy; but mounting costs, development snags, and regulatory roadblocks threaten to impede progress.

In this introductory episode of Accelerating Energy, host and Sidley partner, Ken Irvin, speaks with Larry Gasteiger, Executive Director of WIRES, a nonprofit trade association that promotes investment in the North American electric transmission system. Together, they discuss the challenges and opportunities of energy transmission as the U.S. works to electrify our economy and enhance the resilience of our grid.
Executive Producer: John Metaxas, WallStreetNorth Communications, Inc.

Next Episode

Tackling EV Infrastructure. Why Truck Manufacturers Are in for the Long Haul.

The future of commercial transportation is zero-emission. More than one million medium- and heavy-duty trucks are expected to hit the highways by 2031. But as the fleet of commercial zero-emission vehicles begins to grow, the infrastructure needed to power these trucks is struggling to keep up. In response to this reality, a coalition of major truck manufacturers have launched an initiative to help speed the deployment of charging stations nationwide.

In the third episode of Accelerating Energy, host and Sidley partner, Ken Irvin, speaks with Dawn Fenton, Vice President of Government Relations and Public Affairs at Volvo Group North America, a leading commercial vehicle manufacturer committed to shaping the future of sustainability transport and infrastructure solutions. Together, they discuss what businesses should know about the nascent zero-emission commercial transportation industry and what Volvo Group North America and its partners are doing to accelerate electric-charging infrastructure development.

Executive Producer: John Metaxas, WallStreetNorth Communications, Inc.

Accelerating Energy: Powering Business Through the Energy Transition - Are Tax Incentives Enough to Spur the U.S. Energy Transition Forward?

Transcript

Ken Irvin:
2024 could see a big leap towards a more reliable and cleaner electric grid. The federal government is authorizing 650 million dollars in grants to more than 50 electric cooperatives across the United States this year. The goal is to help them promote grid resiliency through clean energy initiatives.

Resiliency is often defined as functional recovery in a reasonable amount of time. Will these and other incentives entice businesses to adopt clean energy,