Impact of America’s Investment Agenda on Nevada’s Energy Sector: Key Facts and Figures
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Key Facts Section
- U.S. Secretary of Energy Jennifer Granholm visited Nevada in January 2024, where she toured the Allegiant Stadium, the first NFL stadium powered by 100% renewable energy, and attended the 2024 National Automobile Dealers Association Show.
- In 2022, Nevada employed 59,200 workers in the energy sector. The Inflation Reduction Act is expected to bring an investment of $2.7 billion in large-scale clean energy to Nevada by 2030.
- Nevada is projected to more than double its clean energy capacity, currently at over 5.5 GW, with another 6 GW planned. The Inflation Reduction Act encourages this expansion with tax credits for wind and solar investment, with projected cost drops of 22% and 35% respectively over the next 30 years.
Article Summary
U.S. Energy Secretary Jennifer Granholm visited Nevada in January 2024, where she discussed the importance of renewable energy and electric vehicles (EVs) in achieving a clean transportation future. Nevada already employs 59,200 workers in the energy sector, with the Inflation Reduction Act predicted to bring an investment of $2.7 billion in clean power generation and storage to the state by 2030.
The state is home to over 312,000 small businesses which play a vital role in its growing green economy. Over 5.5 GW of solar, wind, and storage capacity are currently installed in Nevada, with almost 6 GW of additional clean energy planned. This expansion is incentivized by the Inflation Reduction Act, which provides tax credits for wind and solar investments.
The Act also supports the state’s move towards electric transportation with upfront discounts on new and used EVs. Nevada has already registered 36,900 EVs and plans to build more EV charging stations with $8 million in federal funding. Secretary Granholm’s visit to Nevada highlights the country’s growing commitment to clean energy and the key role states like Nevada play in this transition. Source.
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