Latest news with #JasonGrumet
Axios
02-07-2025
- Business
- Axios
Key renewables official looks forward to permitting overhaul
A top renewables industry official is looking ahead to overhauling permitting and having wind and solar meet fast-rising demand, even as the House is weighing the Senate bill that would ax incentives. Why it matters: Absent a dramatic plot twist on Capitol Hill, the industry faces a much tougher future, with the GOP yanking unprecedented Biden-era support. There's no sugarcoating it: analysts now see much slower renewables growth. The body blow could have been even worse. But GOP moderates forced the removal of new taxes on wind and solar projects and softened some deadlines. The intrigue: With the "polarizing" reconciliation fight in the rearview, American Clean Power Association CEO Jason Grumet hopes for a revival of permitting legislation that made progress last year. (ACP's criticism of the reconciliation bill is here.) He told me he sees an opening for the wider energy industry to get back to "advocating for shared interests," noting a "shared frustration we have with the inability to modernize the country." "The administration has expressed significant interest in permitting reform. It's going to require the good old-fashioned, 60-vote, bipartisan legislative process," Grumet said. Friction point: The budget bill pares back tax credits just as U.S. power demand is rising quickly after roughly 15 static years. That means renewables will remain needed resources in a country that needs more electricity — and fast, he said. The big picture:"We're not competing with natural gas because every single electron is needed. And we're certainly not competing with future technologies like geothermal or advanced nuclear," Grumet said of renewables. "The incredible economic demand and the fact that electricity is not a nice-to-have, but it's a must-have commodity, gives us confidence that we're going to continue to see clean power be the fastest to market, and in many parts of the country, the lowest-cost resource." Threat level: The increased U.S. demand — fueled in no small part by AI — has changed the landscape, he said. "When we had no real growth in demand, the country could tolerate bad federal policy, because, you know, you could screw up this side of the economy, you could screw up that side of the economy, but there was enough energy going around to kind of cover the gaps," Grumet said. "Going forward, we do not have that luxury. Skyrocketing demand that strains reliability and increases prices focuses the mind." That creates an opportunity to "build upon the closure of this chapter" and begin building more durable policy. Between the lines: I asked Grumet about a theme running through the budget fight: how IRA red state investments and jobs didn't deter major rollbacks. "It's true that the intense polarization actually overwhelmed the rational self-interests of the majority of the Republican members of the Senate," he said. But Grumet sees shared interests exerting more sway going forward — he was quick to note that senators including John Curtis and Lisa Murkowski helped strip some of the harshest provisions even as they backed the broader bill. The bottom line: "That coalition of the pragmatic has actually just started to reassert itself," he said, "and we're going to, certainly with the permitting reform debate and others, try to now grow that ballast in the system."
Japan Times
01-07-2025
- Business
- Japan Times
Solar and wind industries see existential threat in U.S. tax bill
As Senate Republicans debate President Donald Trump's tax and spending bill, renewable energy companies are reeling at what looks like a worst-case scenario for the industry. The latest version of the Senate bill includes a new excise tax on wind and solar projects with certain Chinese components, a late addition that stunned renewable advocates. Given China's dominance of the solar supply chain, developers would struggle to find ample equipment, including wafers, from other countries. The bill would also roll back clean energy tax credits sooner than the House version of the package. It would require wind and solar projects to be fully operational by the end of 2027 to qualify for incentives. Many observers had expected the Senate to ease the phaseout — not accelerate it. The moves by the Senate, as it seeks to cut spending to offset trillions of dollars in tax cuts, "came out of left field' and shocked the industry, according to Ben King, an associate director with research group Rhodium Group's Energy & Climate practice. If passed in its current form, the "One Big, Beautiful Bill' would threaten billions of dollars of investments, hobbling energy development at a time of skyrocketing power demand. It would also risk causing household energy bills to spike higher. "The willingness of the Senate to suggest policy changes that will dramatically increase cost of energy to their consumers and sacrifice significant job growth is very surprising,' said Jason Grumet, chief executive officer of the American Clean Power Association, or ACP, an industry trade group. "It suggests that the effort to repolarize this debate is now taking precedence over their actual constituent interests.' Republican Senators Joni Ernst and Chuck Grassley of Iowa, along with Lisa Murkowski of Alaska, worked Monday to advance an amendment to soften the clean electricity tax credit phaseout and jettison the proposed excise tax. The tax is "unprecedented,' and "the extremity of the proposal may motivate key Senators to support excise tax repeal,' analysts for research provider Capstone wrote in a note Monday. ACP estimates the new tax would raise costs on American clean energy companies by $4 billion to $7 billion in the next 10 years, while Rhodium projects it will result in a 10% to 20% increase in the cost of building wind and solar. Solar panels at the Cascadilla Community Solar Farm, owned by Cornell University, in Dryden, New York on April 10, 2023. | Bloomberg That cost increase would "drive down deployment' and, for some new solar and wind facilities that would otherwise be economically competitive with natural gas, push them "out of the sweet spot,' said King. Because this kind of policy has never been implemented before, the uncertainty it introduces would have a "chilling effect' on investment in renewables, he added. The current proposal would also prevent 300 gigawatts of wind and solar — on par with the output of 300 nuclear reactors — from being brought online within the next 15 years, ACP estimates, which Grumet called a "dramatic interruption' of bringing power to the grid as demand soars. Natural gas couldn't easily fill the gap, due to a shortage of turbines, while nuclear power plants take years to bring online. Industry wasn't alone in its dismay over the changes. On his platform X, Elon Musk called the bill "political suicide for the Republican Party' and "utterly insane and destructive' in its impact on energy. Labor groups assailed the potential for job losses, with North America's Building Trades Unions President Sean McGarvey calling the legislation "the biggest job-killing bill in the history of this country.' "The president has demanded that renewable energy credits for wind and solar be terminated as soon as humanly possible, and the Senate bill meets that request,' White House spokeswoman Abigail Jackson said in an email. Asked earlier Monday to respond to an allegation the excise tax would be tantamount to terminating more than a thousand Keystone XL pipeline projects, White House spokeswoman Karoline Leavitt said the president understands "legislators want to protect jobs in their communities and in their districts, and so he understands why some of them are against this provision, but he also understands why people want the provision.' The Trump administration has made a concerted push to shift federal policy to favor fossil fuels over renewables. Agencies have moved to strip $3.7 billion in loan support for low— and zero-emission power projects and unexpectedly paused construction of an offshore wind farm for weeks, both unprecedented moves. But the clean energy incentives in the Inflation Reduction Act have spurred investment predominantly in red states and districts, giving some congressional Republicans reason to think twice about nixing them. As lawmakers debate the bill, one thing is clear: Its current iteration would "signal a real step back' on the energy transition, according to Rhodium's King. "Decarbonization effectively flatlines from where we are today,' he said.
The Hill
28-06-2025
- Business
- The Hill
Updated Senate bill slashes wind and solar incentives – and adds a new tax
An updated draft of the Senate's megabill text slashes tax incentives for wind and solar energy – and adds a new tax on future wind and solar projects. The initial draft released by Senate Republicans earlier this month cut the credit for any wind and solar projects that did not 'begin construction' by certain dates, while the latest version bases incentives on when projects actually begin producing electricity — a much higher bar to clear. The first draft gave any project that began construction this year full credit, any project that began construction next year 60 percent credit and any project that began construction in 2027 20 percent of the credit, before they were phased out thereafter. The new legislation instead says that the credits will only apply to facilities that begin producing electricity before the end of 2027. In addition, it imposes a new tax on some wind and solar projects that are placed in service after 2027. The projects that will be taxed if a certain percentage of the value of their components come from China. The Democrats' 2022 Inflation Reduction Act included hundreds of billions of dollars in tax credits for low-carbon energy sources, including renewable energy. These subsidies were expected to massively reduce the U.S.' planet warming emissions. The GOP's cuts to the credits are expected to severely curtail those gains. If they pass, the cuts represent a win for the party's right flank, which has pushed for major cuts to the credits, and a loss for it's more moderate wing which has called for a slower phaseout. The renewables lobby slammed the changes as hampering the sector. 'In what can only be described as 'midnight dumping,' the Senate has proposed a punitive tax hike targeting the fastest-growing sectors of our energy industry. It is astounding that the Senate would intentionally raise prices on consumers rather than encouraging economic growth and addressing the affordability crisis facing American households,' Jason Grumet, CEO of the American Clean Power Association, said in a written statement. 'These new taxes will strand hundreds of billions of dollars in current investments, threaten energy security, and undermine growth in domestic manufacturing and land hardest on rural communities who would have been the greatest beneficiaries of clean energy investment,' he added.
Yahoo
13-05-2025
- Business
- Yahoo
Amid tariff uncertainty, US grid battery industry faces an uphill climb
Companies making and deploying lithium-ion batteries in the U.S. recently gathered in Washington, D.C., to ask the federal government for the policy support they say they need. Their request came alongside a big promise: to cumulatively spend $100 billion by 2030 to build a self-sufficient, all-American grid battery industry. 'Within five years, and with $100 billion in investment, we can satisfy 100% of U.S. demand for battery storage,' said Jason Grumet, CEO of the American Clean Power Association, a trade group. 'This is unquestionably an ambitious commitment, but it is absolutely achievable if the private and public sectors work together,' he said. The $100 billion promise represents a major increase in the $10 billion to $15 billion that the American Clean Power Association estimates was invested in U.S. grid battery manufacturing and deployment last year. As recently as a few months ago, industry analysts largely agreed that a domestic ramp-up on the scale of what Grumet proposes was at least possible, if not inevitable. Lucrative federal tax credits for companies that build and deploy clean energy technology within the nation's borders have helped close the price gap between U.S.-made batteries and those made in China, the world's main supplier of lithium-ion battery modules, cells, and materials. These tax incentives, created by the 2022 Inflation Reduction Act, have also helped bolster the economics of installing large-scale batteries alongside solar power. Solar and batteries are by far the fastest-to-deploy option for utilities seeking to meet rising electricity demand from data centers, factories, electric vehicles, and broader economic growth. The two energy sources have dominated new additions to the U.S. grid in recent years. But that's changing under the Trump administration. Republicans in Congress may kill the Biden-era tax credits that make domestic battery manufacturing possible. The Department of Energy Loan Programs Office, which has lent huge sums to battery manufacturers like Eos and Kore Power, could soon be shuttered or radically scaled back. And President Donald Trump's aggressive and ever-shifting tariffs are making it more expensive for manufacturers to produce batteries in the U.S., since the duties raise the costs of everything from cells imported from China to general-purpose materials like steel and aluminum. On Monday, China and the U.S. announced they'd temporarily ease tariffs on one another, but the situation has not been permanently resolved and leaves tariffs on Chinese imports at 30%. Manufacturers and developers still lack clarity about what the underlying economics of their business will look like months from today. As Grumet conceded in a briefing with reporters before the American Clean Power Association's D.C. media event in April, 'there is a remarkable tension right now between probably the best fundamentals for investment in the energy sector that we've seen in a generation and the greatest amount of uncertainty that we've seen in a generation.' When it comes to plugging batteries into the U.S. power grid, tariffs are the most immediate threat by far. The impacts are already showing up in sagging forecasts and postponed projects. In February, the U.S. Energy Information Administration predicted the country would deploy more than 18 gigawatts of batteries in 2025, up from 11 gigawatts in 2024, continuing what's been a meteoric increase over the past several years. But the forecast for 2025 grid battery additions has fallen in recent months, at least according to the latest analysis from the American Clean Power Association and consultancy Wood Mackenzie, which is tucked into the end of the clean energy industry group's fact sheet for its $100 billion-by-2030 investment pledge. They predict that a little over 13 GW of energy storage will be plugged into the nation's grid this year. Several factors play into that drop-off, but the primary one is that nearly 70% of lithium-ion batteries in the U.S. came from China last year — and that tariffs on Chinese lithium-ion batteries and components had spiked to 156% as of last month, according to BloombergNEF. Monday's news that the U.S. and China had agreed to a 90-day pause on their dueling tariffs means that the blanket 145% tariffs that the Trump administration had imposed on China in April will fall to 30% as of Wednesday — at least if the deal holds. Now, once again, energy storage companies will be recalibrating the economics of their projects, almost all of which currently rely on battery materials or components from China. 'For the next five to seven years, there is no cost-effective, time-critical alternative to battery storage to meet domestic electricity demand,' said David Fernandes, chief financial officer of OnEnergy, a grid storage and microgrid developer with 120 megawatt-hours of projects in operation and 3 gigawatt-hours in development across the U.S. and Latin America. 'That means cells from China.' Tariffs on Chinese imports simply mean the batteries that the U.S. grid needs 'will just be more expensive,' he said, which will in turn drive up electricity prices. Regardless of where tariffs settle, they have already disrupted some grid storage projects. Take Fluence, a major U.S.-based energy storage provider that's made more than $700 million in commitments to manufacture battery cells and modules in the U.S. to date, according to John Zahurancik, Fluence's president of the Americas. In its second-quarter earnings call last week, the company reported a significant downward revision in its 2025 revenue forecasts, driven by decisions to 'pause U.S. projects under existing contracts' and 'defer entry into pending contracts until there exists better visibility and certainty on the tariff environment.' More delays are on their way, according to Ravi Manghani, senior director of strategic sourcing at Anza Renewables, a data analytics firm focused on solar and energy storage. Of the batteries bound for grid storage deployments in the U.S. in 2025, roughly half are 'at risk of getting delayed or renegotiated to make the economics work in 2026 and beyond,' he said. Some larger-scale projects scheduled to come online this year have likely already brought their batteries into the country, escaping the tariff premium, Manghani said. But many that are procuring batteries now for delivery from late 2025 to early 2026 'are indefinitely postponed until we get more clarity around where the tariffs end up, and what happens to non-Chinese manufacturing at large,' he said. Projects that are being built as part of state-regulated utilities' broader generation and grid plans may be able to absorb cost increases, he said. But 'merchant projects' that are operated by independent power producers in competitive energy markets are 'still figuring out if they can pencil out,' he said. In a Monday email, Manghani updated his view based on the latest news of a U.S.-China trade rapprochement. 'We will have to see if suppliers can actually ship out within this 90-day window,' he wrote. The determination of which countries end up having the most affordable battery components in the long run 'will depend not only on which countries have tariffs, but where the tariff percentages exactly land.' Trump's seesawing on tariffs 'just adds another layer of complexity for long-term investments,' Manghani added. Those dynamics could crimp the rapid pace of development in the competitive energy market of Texas, the country's grid energy storage leader. Stephanie Smith, chief operating officer at grid battery developer Eolian, said during the American Clean Power Association's April briefing that Texas has been well-served by its fleet of grid batteries, which have helped the state ride through summer heat waves while avoiding grid emergencies that have plagued it in the past. But it's going to be harder for Texas, and the rest of the country, to keep rapidly installing grid batteries in the face of rising prices for Chinese batteries. Eolian is scrambling to 'source as much outside of China as possible right now' to deal with the tariffs, Smith said. But 'obviously, there are some limitations on that.' Despite the uncertainty and rising prices, utilities and grid operators desperate to meet rising electricity demand have little choice but to build more batteries, said Gary Dorris, CEO and cofounder of clean energy-focused consultancy Ascend Analytics. That's because the alternative — new gas-fired power plants — takes much, much longer to build. Manufacturers of the turbines used in gas power plants are reporting up to four-year wait times for customers seeking to build power plants not already in the works, Dorris told Canary Media in an email. Solar panels and batteries, by contrast, can be ordered, shipped, and deployed in less than a year. While the specifics of Trump's tariffs matter — there is, after all, an enormous difference between 156% and 30% tariffs on China — at this point the hardest thing for manufacturers is 'the confusion surrounding' trade policy, Dorris said. Firms are asking, 'What are the goals? Will they stay in place? How will other countries react?' he said. 'This has created a lot of uncertainty, which suppresses appetite for making large, irreversible capital investment decisions.' This unpredictability, paired with the immediate price hikes on imported materials and equipment needed to build and expand factories, has hurt the U.S. manufacturers that the Trump administration's tariffs are ostensibly meant to help. These impacts are particularly dangerous for the still-nascent U.S. battery manufacturing sector. The American Clean Power Association is tracking 25 major projects to build or expand grid-scale energy storage factories in the U.S., of which 11 are in operation or under construction. Much of this manufacturing capacity is for battery modules, meaning it continues to rely on Chinese battery cells and materials. 'The domestic supply chain is unfortunately going to be at the receiving end of the tariff,' Manghani said. 'A lot of the raw materials that would go into domestic batteries, as well as the manufacturing equipment you need to build these cell factories, are still slated to come from China. We don't have a lot of alternatives yet.' That dependence on Chinese-made cells underscores just how vulnerable today's battery-manufacturing industry is to tariffs, Grumet said. Some domestic facilities are also starting to make those cells and refine and manufacture battery materials. Those include the facilities that Fluence has invested in that are making battery modules, cells, and associated equipment in Utah and Tennessee. It also includes Tesla's expanding cell-manufacturing capacity from its factories in Nevada and Texas, and its lithium-refining facility in Texas. Speaking at the American Clean Power Association's D.C. event, Michael Snyder, Tesla's vice president of energy and charging, highlighted the EV and grid battery manufacturer's advances in lithium iron phosphate cells. These cells are safer and easier to source materials for than nickel manganese cobalt cells and have become the favored technology for EV batteries and grid batteries alike. Today, Chinese companies make 99% of the world's lithium iron phosphate cells, according to Benchmark. 'We think we're going to be the first non-Chinese company making these cells at scale, and we know there are a lot of other companies working on that as well,' Snyder said. South Korea-based LG Energy Solution in February announced plans to invest $1.4 billion in U.S. lithium iron phosphate cell production for grid storage, which will take place at the firm's existing factory in Holland, Michigan. But those efforts are in their early stages, and they'll only succeed if they have customers to buy their products — a prospect made less certain by the chill settling in over grid battery deployment. The Trump administration's hostility to Biden-era climate policy and its broad support for fossil fuels is undermining investor confidence in the continued growth of U.S. grid battery markets, with consequences for the domestic manufacturing projects that would aim to supply them. The first three months of 2025 saw cancellations of billions of dollars in planned battery cell-manufacturing investment from Freyr Battery (now T1 Energy) in Georgia and Kore Power in Arizona. But the bigger threat to U.S. clean energy deployment and manufacturing is the possibility that Republicans in Congress will undo the tax credits created by the 2022 Inflation Reduction Act to benefit companies that build and deploy lithium-ion batteries and many other clean energy technologies. Republicans in Congress have pledged to extend tax cuts passed during the first Trump administration that will add trillions of dollars to the federal deficit, and they are hunting for federal spending cuts to make that possible. The estimated $780 billion in clean-energy tax credits is a tempting target. Some Republicans are arguing to keep the tax credits that undergird major investments in factories and power projects in their districts, while others have called for eliminating them completely. These incentives currently boost the economics for grid battery projects with a 30% base credit on the cost of the up-front investment, but developers can get more if the projects obtain a certain amount of materials from domestic suppliers or if they are built in 'energy communities' that face losses in jobs and economic activity due to closures of fossil fuel infrastructure. The tax credits have accelerated storage deployments — and boosted demand for batteries from U.S. manufacturers. But for battery manufacturers, the most vital piece of policy is the 45X Advanced Manufacturing Production tax credit. That credit is tied to every unit of battery module, cell, component, and material produced domestically, at a level designed to make them cost-competitive with Chinese products. 45X has been the primary spur for investors committing hundreds of billions of dollars to U.S. clean technology manufacturing. It's hard to see how those investors could keep their commitments if that support went away — and harder still to see how any new factories will be planned now, while the fate of that incentive is up in the air.
Newsweek
29-04-2025
- Business
- Newsweek
Grid-Scale Battery Storage Companies Make $100B US Manufacturing Pledge
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A coalition of companies making and using large batteries for energy storage on the electric grid announced Tuesday a $100 billion investment commitment to make and buy grid batteries in the U.S. "We're investing to ensure that in five years, every part of the energy storage industry is anchored here in America," American Clean Power (ACP) CEO Jason Grumet said at an announcement event on Capitol Hill. ACP is a trade group representing companies along the entire clean energy supply chain. Grumet said the investment goal announced Tuesday is expected to generate 350,000 jobs and help power companies supply more electricity. "Storage is absolutely essential to meet skyrocketing demand," he said. Electricity demand is surging globally and in the U.S. due to the electrification of more appliances and home heating, the switch to EVs and the booming growth of power-hungry data centers. Renewable energy, especially solar, has become one of the cheapest and fastest ways to add more power supply. Large-scale battery storage helps to overcome the challenges from the intermittent nature of energy derived from the sun and wind, allowing power companies to match supply with times of peak demand. Storage can also help electric utility companies make the grid more resilient to interruptions from extreme weather, avoiding costly and dangerous outages. Workers assembling an iron-based battery at the Form Energy factory in Weirton, West Virginia. The clean energy company is creating much-needed jobs on the grounds of a former steel mill deep in Appalachian coal country.... Workers assembling an iron-based battery at the Form Energy factory in Weirton, West Virginia. The clean energy company is creating much-needed jobs on the grounds of a former steel mill deep in Appalachian coal country. More Courtesy of Form Energy The Energy Information Administration reported that a little more than 80 percent of the new electricity generation capacity added to the U.S. grid last year was a combination of solar and battery storage. ACP said companies that are already expanding or building new battery facilities include Tesla in Nevada, Fluence in Tennessee, LG Energy Solution in Michigan and Form Energy in West Virginia. "We need clean power, we need more power and we need the ability to store power," West Virginia Senator Shelley Moore Capito said at the event. Form Energy's facility in Weirton, West Virginia sits on property once occupied by a now-shuttered steel mill, and the battery maker has created much-needed jobs in the rust belt community along the Ohio River. Capito's support for clean energy is remarkable given that her home state's once-dominant coal industry is often at odds with renewable energy, and Capito frequently joins her fellow Republicans in opposing climate action such as limits on greenhouse gas emissions. Capito and every other Republican in Congress in 2022 opposed the Inflation Reduction Act (IRA), the country's most ambitious climate action in history. But renewable energy and the manufacturing activity related to the IRA have attracted more bipartisan support as big-money investments for clean tech facilities triggered by the law landed in Republican Districts and red states. The ACP event leaned into that bipartisan appeal, featuring two Republican lawmakers and no Democrats, and replacing any talk of climate action with phrases crafted for more Conservative appeal such as American competitiveness, economic growth, national energy security and an "all of the above" approach to energy. The companies ACP represents will need bipartisan support to salvage the most critical aspects of the IRA as the Trump administration and Congressional Republicans set about dismantling most of its climate-related components. The law's tax credits that support clean energy and domestic production of clean tech equipment are especially crucial. Mike Snyder, VP of Energy & Charging for Tesla, said at the event that tax credits are important for his company's effort to build all parts of batteries in the U.S. Tesla is best known as an EV maker, but the company also has a substantial presence in building batteries for grid storage. Snyder said the most expensive component of Tesla's Megapack battery is the battery cell, which is primarily made in China. "The difficult part of the supply chain is to figure out how to extract it from Chinese companies making the cells to U.S. companies," he said. Inside the AES Alamitos Battery Energy Storage System, which provides stored renewable energy to supply electricity during peak demand periods, in Long Beach, California. Inside the AES Alamitos Battery Energy Storage System, which provides stored renewable energy to supply electricity during peak demand periods, in Long Beach, California. Patrick Fallon/AFP via Getty Images Tax credits help "make the economics work" to start domestic production, he said. Tesla is expanding its Nevada facility to make more battery cells, Snyder said, and investing in a new facility in Houston to produce more Megapacks. Arizona Republican Representative Juan Ciscomani said he joined nearly two dozen other Republican House members on a letter urging party leaders to keep the clean energy tax credits in place as Congress debates a budget proposal with deep spending cuts. "Arizona has seen a substantial amount of investment from different companies taking advantage of those tax credits," Ciscomani said. "It made sense for me to stand up for that." Battery maker Fluence has a facility in Arizona and employees from that company and other battery manufacturers planned to visit lawmakers in a day of lobbying in support of the tax credits. Previous lobbying blitzes brought corporate leaders from a range of industries to Capitol Hill to explain the job growth happening as a result of the tax policy, and the effort appears to be bearing fruit. In addition to the letter from House Republicans, four influential Republican Senators wrote a similar letter of support for keeping clean energy tax credits in place. However, the Trump administration remains opposed. Last week—during Earth Week—Trump's Energy Secretary Chris Wright, a former gas fracking company executive, bashed the tax credits in an appearance on a Fox Business program. "I think it's a big mistake," Wright said on the program. "That term 'clean energy' is just a marketing term. There's no clean energy; all energy sources involve tradeoffs." Wright was referring to the emissions produced from the manufacturing of batteries, solar panels, wind turbines and other renewable energy components and the mining and refining of critical minerals that go into that equipment. Research shows that Wright's comments are misleading. The amount of pollution associated with the life cycle of renewable energy equipment is tiny compared to the pollution and greenhouse emissions from most fossil fuels. Form Energy Co-founder & CEO Mateo Jaramillo's company is creating jobs deep in the heart of coal country. Jaramillo said at the ACP event that he thinks clean energy, and especially energy storage, is becoming a more bipartisan issue. "It is a large, new U.S. industry that we can have right here," he said. "That crosses a lot of the political spectrum."
