CEPP

New Report Shows Rapidly Increasing Distributed Solar and Storage is Critical to Achieving President Biden’s Climate and Equity Goals at the Lowest Cost

Retrieved on: 
Thursday, October 7, 2021

The U.S. must deploy a minimum of 103 gigawatts (GW) of distributed, local solar power and 137 GW of distributed energy storage by 2030 to achieve President Bidens climate and equity goals at the lowest cost.

Key Points: 
  • The U.S. must deploy a minimum of 103 gigawatts (GW) of distributed, local solar power and 137 GW of distributed energy storage by 2030 to achieve President Bidens climate and equity goals at the lowest cost.
  • At least 103 GW of distributed solar and 137 GW of distributed storage must be deployed by 2030 to achieve President Bidens goals at the lowest cost.
  • Scaling up distributed solar and storage reduces stress on utility-scale resources and enables access to 579 GW of utility-scale solar and 442 GW of wind.
  • Scaling up distributed solar and storage saves all ratepayers over $109 billion by 2030 compared to deploying utility-scale renewables only.

Economic Analysis Suggests That a National Clean Electricity Payment Program Could Contribute $907 Billion to US Economy and Support 7.7 Million Jobs by 2031

Retrieved on: 
Thursday, September 9, 2021

The CEPP could lead to a $907 billion economic boost for the US and 7.7 million jobs.

Key Points: 
  • The CEPP could lead to a $907 billion economic boost for the US and 7.7 million jobs.
  • The study, " Economic Impact of a Clean Electricity Payment Program ," analyzes the level of investment and changes in power system operations associated with implementation of a national CEPP over a 10-year period, including investments in and operation of eligible resources.
  • The CEPP is designed to incentivize an average of 80% low- or zero-greenhouse gas emissions generating resources by 2030.
  • A CEPP would reduce energy and economic supply chain risk and provide an opportunity to create energy sector jobs in every region.