On this week’s episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro shares some stats on the renewable energy sector in the USA and how the industry can unite to fight the political opposition and protect this trillion dollar industry.
Collectively, the renewable energy sector is already a $1 trillion industry in the USA. The onshore wind energy sector has contributed $246 billion in capital costs to build onshore wind farms in the USA.
The industry now spends $2.75 billion annually in onshore wind farm operations and maintenance costs. IntelStor projects that will increase to more than $3 billion per year by 2030. More than $100 billion has been spent on factories to build wind turbine components in the USA, as well as improve port infrastructure to accommodate receiving.
The $300 billion solar industry and a $65 billion energy storage industry in the USA also continue to be jeopardized with laws and executive orders meant to wantonly and deliberately derail investment.
Nationwide, wind and solar projects alone contribute about $3.5 billion annually in lease or easement payments directly to landowners as well as bolstering state and local tax coffers.
Sadly, the industry has heard very little from several of the industry trade associations and lobby groups who are meant to represent our interests. If fear of retaliation from the US administration is even part of your thought process, then you have no place leading the industry.
But we stand resolved!
The #renewableenergy sector will not let any administration in any country of the world stop or slow down the inevitable energy transition.
Have a listen today, and get in touch with your best questions about the renewable energy market in the USA, or any other country around the world.
This show examines data driven insights for the energy sector, with a focus on renewables. To subscribe to IntelStor Research Notes and get early access to our latest content as well as these Truth to Power weekly editorials, visit https://lnkd.in/grfixJn
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.