Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

ACORE Statement on President Biden's State of the Union Address

Statement From Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):


February 8, 2023 ( Newswire) "President Biden once again showed his strong commitment to America's clean energy transition tonight. While much remains to be done, with the enactment of the Inflation Reduction Act (IRA), we now have a clear pathway toward the clean energy future that American people want, and climate scientists say we desperately need. The legislation's landmark clean energy tax platform is expected to accelerate U.S. renewable energy development, create hundreds of thousands of good-paying American jobs, and drive a 40% reduction in greenhouse gas emissions by 2030.

"According to a new analysis out this week, more than 100,000 clean energy jobs have already been announced in 31 states in just the few months since the passage of the IRA last August. Here at ACORE, we project that investment in renewable generation and enabling technologies will accelerate from the current $50-$60 billion annually to $90-$100 billion annually, putting us on the path toward achievement of our national climate goals.

"But there are important challenges along the way. The renewable growth empowered by the IRA will only occur if we enhance and expand the nation's electrical transmission network, which is inefficient, balkanized and antiquated in much of the country. We need a 21st century grid that is better able to withstand increasingly frequent severe weather events and can efficiently move power from America's richest renewable resource areas to the population centers with the greatest electricity demand.

"The renewable sector has been helping to drive national economic growth for many years now, but we know that we have much more to do to meet the climate challenge. ACORE and its members stand ready to work with the Biden administration and congressional leaders on the steps and policies needed to fully realize America's clean energy potential.”

About ACORE:

For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation's premier pan-renewable nonprofit organization. ACORE unites finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit

Shawna Seldon McGregor
Maverick Public Relations

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

Buy a renewable energy guest post on