Over the past year, the federal government has enacted programs that invest government dollars to provide Americans with economic relief, recover from the COVID-19 pandemic, and get the economy moving. Recent federal stimulus and infrastructure proposals have looked toward longer-term economic growth, and have included major investments in various advanced energy technologies. As Congress actively negotiates infrastructure legislation, advanced energy should be part of the conversation.
This report focuses on the potential economic impact of such investment in advanced energy technologies. Focusing stimulus spending on deployment, manufacturing, and training programs for advanced energy technologies can generate economic activity and create good jobs across the U.S.
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An investment of $600 billion in advanced energy technologies would:
- Add $3.5 trillion to the national economy;
- Create more than 28 million new jobs (in job years);
- Generate over $600 billion in annual tax revenue at all levels of government; and
- Save consumers over $74 billion annually on energy costs.
For more information, download the report to find out how stimulus investments in advanced energy can generate important and positive economic benefits across the U.S.