ACORE Commends DOE For Critical Transmission Investments and Analysis

WASHINGTON, D.C. – The U.S. Department of Energy (DOE) announced the first round of Transmission Facilitation Program capacity contract awards and released the final National Transmission Needs Study today, two important actions to help accelerate the pace of transmission development nationwide. Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“The expansion and modernization of our national power grid is central to meeting our urgent climate and energy security goals. The interregional transmission line projects that DOE awarded today would add approximately 3,500 megawatts of capacity to the grid, enabling more low-cost clean energy to power America’s homes and businesses while creating thousands of good-paying jobs. We commend the Biden-Harris administration for this historic investment.

“ACORE also agrees wholeheartedly with the findings of the National Transmission Needs Study, which shows that we must more than double our regional transmission capacity and expand by more than fivefold our interregional transmission capabilities by 2035 to realize the full economic benefits and clean energy potential of the Inflation Reduction Act. This analysis demonstrates how vital transmission expansion is to accelerating the renewable transition, enhancing national security, and ensuringelectric reliability and resilience.”

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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 www.acore.org.

Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

Dylan Helms
Associate, Communications
American Council on Renewable Energy
helms@acore.org | 202.891.7868 (o) | 727.290.8804 (c)