It could be the next aerospace or computer industry…that’s what Northwest business leaders are saying about clean energy technology. More than 240 of them have signed a letter to lawmakers, asking them to help Washington and Oregon get their share of the 100-thousand new jobs and 11-billion dollars in investment capital being poured into this fledgling industry. Comments from Nancy Floyd, Portland’s managing director of Nth Power, (pronounced “enth”) a San Francisco-based venture capital firm.
Clean energy technology is the hottest trend in the business world. It’s expected to create more than 100-thousand new jobs and prompt 11-billion dollars’ worth of investments in the U-S, just in the next 2 years. Here in the Northwest, more than 240 business leaders have signed a letter being presented to state and federal lawmakers today…saying this region wants, and is ready for, a piece of the action. Nancy Floyd of Nth Power, a venture capital firm, says Washington already has an advantage because of its strong track record on environmental values.
"We want those jobs, we want that investment capital. But more significantly, we think that we are uniquely positioned as a region to attract those kinds of businesses."
Floyd says we also have a good stable of technology, agriculture and research talent in the job pool, all skills that will be in high demand. The letter urges federal and state lawmakers to enact the strongest clean energy policies in the nation…to attract new, clean energy producers and related businesses to the Northwest.
Nancy Floyd of Nth Power, a venture capital firm, says the business community has been slow to embrace clean energy technology…but they’re realizing it has bottom-line benefits.
"This really is the first time in the Northwest that the business community has stood up and said, ‘Economic growth can go hand-in-hand with environmental stewardship."
those kinds of businesses.
It could be the next aerospace or computer industry…that’s what Northwest business leaders are saying about clean energy technology. But, they add, lawmakers need to move faster…or miss the opportunity for new jobs and investment money. More from Chris Thomas.
Nancy Floyd of Nth Power can be reached at (415) 983-9983. Read the “Leadership Letter” at www.climatesolutions.org/cgi-bin/cgi-bin/Leadership_letter.htm
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Minnesota is coming off another windy month of April. Those strong wind gusts may have translated into some extra cash for counties with wind turbines dotting the landscape.
Minnesota has a wind and solar energy production tax, which allows jurisdictions where these systems are located to collect revenue based on the energy that's generated.
Nobles County brought in nearly $2 million in 2023, the third highest in the state.
County Commissioner Gene Metz said over time, this extra financial stream has helped cover maintenance costs.
"We did a ten year bond basically to upgrade our buildings," said Metz. "You know, we had roofs that needed work - outside, windows, that type of thing. And we upgraded a lot of our heating and technology controlling those systems."
He said it's helpful since smaller counties have a harder time attracting larger industries to help spur economic growth.
While it's become a solid income source, Metz said turbines taken out of operation for repairs, or less windy seasons can make the numbers vary in certain years.
Minnesota supporters also are eyeing bipartisan legislation to speed up the permitting process for these energy projects, in hopes it will open up much-needed space on the power grid.
Metz, also a member of the Rural Minnesota Energy Board, said he feels addressing that issue will lead to more wind farms.
He added that having additional dollars trickle down takes pressure off local taxpayers because county budgets won't be so one-dimensional.
"We depend so much on agriculture," said Metz. "In our county, 75% of the tax levy comes from agriculture, and if that has a bad year or bad period, it's just nice to have another source of income. "
While some counties have embraced renewables, local governments elsewhere have put up more resistance as proposed projects come on board.
Metz said some of that is driven by misinformation.
He advises planning officials and constituents - worried about seeing wind farms harming aesthetics on the rural landscape - to compare them with other industries that take up more space and have deeper effects on the quality of life.
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Minnesota is a leader in renewable energy - getting 54% of its electricity from zero-carbon sources last year, according to the 2024 Minnesota Energy Factsheet released today. The annual report comes from Clean Energy Economy Minnesota and the Business Council for Sustainable Energy.
Amelia Cerling-Hennes, managing director of public affairs with Clean Energy Economy Minnesota, said that's 12% better than the national average.
"We're really pleased to see about 600 megawatts of wind and solar getting added, and we're anticipating that that's going to be even higher next year as some of the large utility-scale projects that are being built right now kind of come online," she said.
Carbon emissions from the power sector also dropped 54% in 2023 with the retirement of part of the Sherco coal-fired power plant. Electric vehicle registrations went up 55%. Last year, Minnesota-based Cummins began shipping electrolyzers, which generate energy from hydrogen.
Andy Kim, president of the civil engineering firm EVS in Eden Prairie, said battery storage will be increasingly paired with large-scale solar projects in the future.
"You get uninterrupted power, you improve grid stability, and ultimately, it will lead to cost savings. And we see battery storage on at least half of our projects right now. And I would not be surprised if within the next two years, we see it on 80-90% of our projects," Kim said.
Cerling-Hennes adds the state made big strides policy-wise in 2023.
"So much happened last year, starting with passing 100% clean energy by 2040. And then following that up with a really historic energy omnibus bill. We created the Minnesota Climate Innovation Finance Authority. We funded high-voltage transmission," she said.
Tara Narayanan, lead analyst for North American regional trends with Bloomberg New Energy Finance, said energy efficiency is working - electricity consumption went down even as productivity went up. However, she notes that we need to ramp up the clean-energy transition even faster if we are to meet the goals set by the Paris Accords.
"Compare where we are going against where the U.S. has committed to go, we're really not on track. We're really going to have to make dramatic efforts in order to get to where we had committed to be in 2013," Narayanan said.
The state got $800 million in climate funding from President Joe Biden's infrastructure bill and the Inflation Reduction Act.
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New federal funding aims to revolutionize solar energy access within New Mexico's Native American communities and benefit the state overall.
The Environmental Protection Agency's $7 billion "Solar for All" program is designed to create new or expanded low-income solar programs.
Talia Martin, co-executive director of the National Tribal Program for GRID Alternatives, said the funding will help bridge the clean energy gap in Native American communities.
"In New Mexico, tangible impacts would be for household savings," Martin explained. "Which means working directly with the tribes to ensure that the savings are going to individual households as well as to the community as a whole."
According to Martin, the $62 million EPA grant awarded to the GRID Tribal Program is its largest ever. Nationwide, the agency's program is set to help at least 4,700 households in Native American communities. Across the U.S., the EPA said the program will enable more than 900,000 low-income households and disadvantaged communities to benefit from distributed solar energy.
Martin emphasized the program will allow GRID to help bolster solar storage capabilities and implement essential upgrades, while at the same time advancing their mission to support the self-determined efforts of Native American tribes to deploy clean energy on tribal lands, arguing it will be important to recruit contractors who understand the needs of tribal communities they're working with.
"It's an amazing window for Indian Country to be involved in energy development," Martin pointed out. "We want to just help foster all these relationships that it is going to take to do that."
The state of New Mexico also received a grant of $156 million from the program to overcome existing barriers to widespread adoption of distributed solar generation. In addition to the federal money for solar, Array Technologies announced last week it will build a new $50 million solar manufacturing campus near Albuquerque.
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