Truth to Power - Episode 18

On this week’s episode of #TruthtoPower, IntelStor's Founder & CEO, Philip Totaro provide an analysis of the smoke screen the US government is running on #renewableenergy, and what the industry can do about it.

When governments behave like the US administration in choosing to behave towards the trillion-dollar renewable energy industry in the USA, it does not provide confidence to investors who expect a return on their investments.

more than $50 billion in capital that would have been spent in the USA over the past 7 months that has now made it’s way to the UK, Canada, Poland, Denmark and Germany. For someone who seems keen to portray himself as an expert business man, that’s not so clever.

Since the inception of the production and investment tax credits, more than ~$160 billion of taxpayer money has been committed by the government over the past 32 years. That has unlocked more than $250 billion in CapEx for onshore wind energy project development in the USA, as well as $100 billion in capital investments for domestic production of #windturbine components.

It’s also unlocked more than $300 billion in capital in solar project development and factories to produce racks and electrical systems. Energy storage is already at $65 billion and growing according to IntelStor.

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