Energy Secretary Sees Huge Economic Opportunities In Energy Security, Including For Diverse Small Businesses

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Energy Secretary Sees Huge Economic Opportunities In Energy Security, Including For Diverse Small Businesses
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“The ecosystem around being energy secure is a jobs ecosystem.. because of the Inflation Reduction Act,” Energy Secretary Jennifer Granholm said at the Export Import Bank’s 2022 conference in Washington, DC this week. Including for women- and minority-owned businesses.

... [+]Granholm pointed out that Russia’s war against Ukraine has greatly accelerated Europe’s transition to renewables and a “global shift in energy, geopolitical shift in energy…created this huge push toward countries wanting to be energy secure and diversifying their energy resources so that they can be secure and not rely on unreliable partners like Russia.” She called it a “geopolitical realignment” and added that “you can't weaponize access to the sun or access to the wind.

The International Energy Agency released their analysis of this global acceleration toward renewables this week in, saying, “The first truly global energy crisis, triggered by Russia’s invasion of Ukraine, has sparked unprecedented momentum for renewables. Governments are taking steps to accelerate renewables in order to reduce reliance on imported fuels while maintaining progress towards clean energy goals.

report that “global renewable power capacity is now expected to grow by 2400 gigawatts over the 2022-2027 period, an amount equal to the entire power capacity of China today.” Maximizing energy efficiency is step one – and presents more opportunities for women-owned businesses, former CEO of the United Nations Sustainable Energy for All program and now Dean of the Fletcher School at Tufts University, who interviewed Secretary Granholm on this EXIM stage, described energy efficiency as “the first fuel.

“There's going to be huge demand here,” the secretary added, “So they're going to really have to ramp up production just to meet demand in the United States, given the generosity of the incentives and the rebates for these technologies” .https://www.powermag.com/women-are-essential-to-a-thriving-power-generation-sector/

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