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U.S. Secretary of Power Jennifer Granholm visits Nevada
On January 30, 2024 by way of January 31, 2024, Secretary Granholm will journey to Nevada to tour the Allegiant Stadium — described as the primary Nationwide Soccer League stadium to be powered by 100% renewable vitality. Secretary Granholm may also meet with members of the Moapa Band of Paiutes to debate their management within the improvement and deployment of solar energy.
The Secretary will attend the 2024 Nationwide Vehicle Sellers Affiliation Present, the place she’s going to talk about the essential function of native sellers in increasing electrical car adoption and reaching President Biden’s imaginative and prescient of a clear transportation future. To shut out the go to to the Silver State the Secretary will then be a part of U.S. Senator Jacky Rosen (NV) and U.S. Consultant Dina Titus (NV-1) for a roundtable dialogue with native union representatives.
Strengthening Nevada’s Financial system
Power Jobs
In 2022, there have been already 59,200 Nevada staff employed within the vitality sector. Statewide, 74% of the electrical energy technology workforce was in wind, photo voltaic, and hydroelectric, and over 12,000 staff had been employed in vitality effectivity.
The Inflation Discount Act is increasing these alternatives, bringing an estimated $2.7 billion of funding in large-scale clear energy technology and storage to Nevada between now and 2030.
Small Companies
Nevada is dwelling to over 312,000 small companies, representing 99.2% of all companies and using 43% of all staff within the state, and the Inflation Discount Act will assist them get monetary savings. Business constructing house owners can obtain a tax credit score as much as $5 per sq. foot to help vitality effectivity enhancements that ship decrease utility payments. Different applications that may profit small companies embody tax credit overlaying 30% of the prices of putting in low-cost solar energy and of buying clear vehicles and vans for business fleets.
Clear Power Funding
At the moment, Nevada has over 5.5 GW of photo voltaic, wind, and storage capability. That is along with 3.4 GW of nuclear capability. There may be virtually 6 GW of further deliberate clear vitality capability within the works in Nevada, which can greater than double the quantity of unpolluted vitality accessible on the state’s grid and energy the equal of greater than 810,000 further houses.
The Inflation Discount Act tax credit that encourage funding in wind and photo voltaic will assist scale back vitality prices, as the prices of photo voltaic and wind energy are projected to drop by 22% and 35%, respectively, over the following 30 years in Nevada.
Because the begin of the Biden Administration, the U.S. Division of Power (DOE) has tracked greater than $150 billion in new battery and electrical car provide chain funding bulletins, together with $10.5 billion in Nevada.
In the identical interval, DOE has tracked greater than $14 billion in new photo voltaic manufacturing funding bulletins, together with a facility in Nevada that’s projected to create 200 jobs.
Clear Transportation
Nevada already has 36,900 EVs at the moment registered within the state. Drivers switching to an electrical pickup truck may save over $1700 per 12 months in fueling and upkeep prices in comparison with a gasoline-powered truck. Drivers of smaller automobiles may save over $1200 per 12 months. The Inflation Discount Act will make it simpler and cheaper to buy an electrical car, with upfront reductions as much as $7,500 for brand new EVs and as much as $4,000 for used EVs, serving to many People skip the fuel pump and save on gasoline prices.
Nevada has over 1,600 different fueling ports already. The state may also obtain over $8 million in federal funding in 2024 to assist construct out extra EV charging stations.
Investing In Nevada
Due to funding from President Biden’s Investing in America Agenda, the U.S. Division of Power has made accessible greater than $141 million up to now 12 months to Nevada’s state and native governments to put money into vitality effectivity and grid resilience. This consists of funding to assist low-income households entry extra effectivity home equipment, and over $10 million to assist strengthen grid resilience.
Superior Battery Expertise Firm has acquired $57 million from DOE to help a brand new state-of-the-art battery manufacturing facility in Nevada. Lilac Options additionally acquired $50 million to show a brand new lithium manufacturing expertise.
American Battery Expertise Firm additionally acquired virtually $10 million from DOE to check a number of new processing applied sciences to their present battery recycling amenities in Nevada to make recycling batteries extra environment friendly and efficient.
Saving Nevadans Cash on Dwelling Power Payments
The U.S. Division of Power’s Weatherization Help Program and State Power Program have invested greater than $10 million in Nevada since 2015, resulting in 330 jobs and over 700 houses with decreased vitality prices and improved well being and security.
Upgrading home equipment and bettering dwelling vitality effectivity may save a complete of 1,900 GWh of vitality in Nevada, sufficient to energy the equal of 74,000 further Nevada houses.
Nevada will obtain over $96 million to implement a Dwelling Power Rebate program within the state. Low-income households within the state may save a mean of 28% on their dwelling vitality payments after they improve their home equipment and enhance vitality effectivity by way of this program.
The Inflation Discount Act additionally consists of grants to assist state and native governments undertake the newest constructing vitality codes, which might save the common new house owner in Nevada 9.7% on their utility payments. That quantities to $181 per 12 months.
Prioritizing Nevada’s Rural and Underserved Communities
The Biden Administration has dedicated to advancing fairness for all communities, together with by way of the Justice40 Initiative, which goals to make sure Federal companies ship a minimum of 40% of the general advantages of local weather, clear vitality, reasonably priced and sustainable housing, clear water, and different investments to deprived communities. The U.S. Division of Power (DOE) has greater than 140 applications coated by this initiative.
Nevada Clear Power Fund, Heat Springs Consulting, and Washoe County had been all chosen for the primary spherical of the Energizing Rural Communities Prize for his or her proposals to help rural communities in accessing extra dependable and reasonably priced vitality.
Nevada has 5 Group Networks a part of the Rural Companions Community. Supported by USDA, DOE, and different federal companies, the community focuses on tasks prioritized by native communities that unlock the total potential of the area.
For present DOE funding alternatives, go to: www.vitality.gov/infrastructure
Courtesy of U.S. Division of Power.
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