Business Council for Sustainable Energy (BCSE)

“The release of the final 45V rules will allow project developers and investors to better assess credit eligibility and open investment opportunities in the US #hydrogen industry," BCSE President Lisa Jacobson said in a statement today in response to the U.S. Department of the Treasury and Internal Revenue Service (IRS)’s final rules for the Section 45V Credit for Production of Clean Hydrogen. "The rule provides clarity and flexibility in several areas but will also require continued engagement with the Trump Administration and Congress on a number of critical open implementation issues," she added. “This release of the 45V final regulations builds on the opportunity that the portfolio of #energy tax credits provides to leverage private sector capital to improve American competitiveness and meet increasing energy demand through home-grown energy supply.” Read more: https://lnkd.in/ePWcVvrv

Season's greetings from BCSE and the Clean Energy Business Network (CEBN)! Thank you for a wonderful year of collaboration! We look forward to working together in 2025 to continue growing a competitive #cleanenergy economy.

Congratulations to #BCSEMember Pacific Gas and Electric Company on receiving a conditional commitment for a loan guarantee of up to $15 billion from the Loan Programs Office | U.S. Department of Energy (DOE). The loan guarantee for PG&E’s Project Polaris will help expand #hydropower generation and battery storage, upgrade #transmission capacity through reconductoring and grid enhancing technologies (#GETs), and enable virtual power plants (#VPPs) throughout PG&E’s service area. These #infrastructure investments will help PG&E meet forecasted load growth, increase electric reliability, and reduce costs for its consumers across California. “Investments in a clean and resilient grid for northern and central California will have significant returns for our customers in safety, reliability, and economic growth," said Patti Poppe, CEO, PG&E Corporation. "The DOE loan program can help us accelerate the pace and impact of this work, which supports thousands of living wage jobs, at a lower cost to our customers.” From coast to coast, BCSE members are building a competitive America through a broad portfolio of #cleanenergy technologies. Businesses in the BCSE coalition operate more than 2,500 facilities in all 50 states that are providing reliable #energy and economic benefits from the ground up. Learn more: https://lnkd.in/en2GT5DB

The Hydrogen & Fuel Cell Seminar, being held January 14-16 in Long Beach, California, is the longest-standing #hydrogen #energy event in North America. The Seminar first kicked off in 1976 and continues to be the only hydrogen conference in the United States structured by industry for industry. While many conferences have emerged over the past few years, there is only one Seminar.   The Seminar highlights industry innovation and leadership, builds international partnerships, connects stakeholders and customers, highlights technology advancements, and draws attendees from business, government, and academia. Purchase your ticket now to join the Fuel Cell & Hydrogen Energy Association (FCHEA) in Long Beach: https://lnkd.in/eYET_qJH

The United States' newly announced updated national #climate plan "represents a bold new opportunity to cement America’s competitive leadership by deploying clean, resilient, and innovative technologies at scale," writes BCSE President Lisa Jacobson. “Key to continued U.S. #decarbonization is long-term investment decisions based on policy certainty. As we have seen in recent years, strong policy foundations create strong market signals and catalyze investment. Economic policy certainty has accelerated deployment of American-made #cleanenergy across the country and around the world. “This is the critical decade for cementing America’s #energy dominance and winning the innovation race. This goal is the North Star and should guide public and private sector investment to secure America’s position as a global supplier of affordable, reliable, and #sustainableenergy solutions.” Read more: https://lnkd.in/d3566q4k

BCSE is proud to be a Mission Efficiency partner, committed to doubling the global rate of #energyefficiency improvements by 2030. Meeting this efficiency target will make the energy transition cheaper, faster, and fairer - while simultaneously promoting growth, profitability, health and safety, enhanced #energy security, and access to affordable energy.

Formula One is a sport like no other - and in 2024, the Mercedes-AMG PETRONAS Formula One Team set out on a new course to become the world’s most sustainable professional sports team. This is underpinned by becoming the first motorsport team to sign the #Climate Pledge, committing to reach #netzero carbon emissions by 2040. Connected by their shared passion for technological innovation and sustainability, BCSE partner Signify became the Mercedes-AMG PETRONAS F1 Team’s official lighting and #sustainability partner this summer. Signify’s innovations in lighting will support the team’s ambition to reach net-zero carbon emissions by 2040, serve the well-being and performance of drivers and team members, and deliver powerful experiences for fans, trackside and at home.  The BCSE coalition is leading the #cleanenergy future through private sector solutions. Learn more about the emissions-reducing power of #energyefficiency in Signify's guest blog: https://lnkd.in/e_rzwtPH

Tune in tomorrow morning to hear BCSE President Lisa Jacobson discuss the benefits of investments in clean, efficient, and reliable #energy technologies over the last decade!

As 2024 comes to a close, BCSE is pleased to announce the addition of new members to our coalition this year, including Air Products, Emerson, IHI Corporation Americas, Koloma, Long Duration Energy Storage Council (LDES Council), Net Power, STX Group, and Viridi Edge. “US businesses are committed to meeting our nation’s growing #energy needs, and this is made evident by our expanding business coalition of clean, affordable, and reliable energy solutions,” said BCSE President Lisa Jacobson. “Our new members are companies that represent emerging segments of the US energy economy, including #hydrogen, carbon capture and storage (#CCS), and long-duration energy storage (#LDES). These members will bring important new views to our advocacy efforts and expand the market impact of the coalition.” “It is fantastic to have new partners in BCSE’s efforts to advocate for accelerated uptake of #sustainableenergy solutions in our communities and to work with our leaders in Congress and the Administration to achieve a secure and competitive economy,” added Allison Estin Hull, Chair of the BCSE Board of Directors. “BCSE’s growing coalition continues to serve as a practical business voice, calling for policies to expand access to energy supply, create new jobs, and do it in an affordable manner.” Learn more about the newest additions to the BCSE #cleanenergy coalition: https://lnkd.in/dA82NECW

"The #COP29 agreement on increased public #climate finance recognizes a clear need for private sector investment and creates space for even greater public-private action," writes Laura Tierney, VP of International Programs, reflecting upon BCSE's participation in the UNFCCC conference. Last month, BCSE led a delegation of nearly 30 US businesses and clean energy trade organizations to COP 29 in Baku, Azerbaijan. As the BCSE coalition shared private sector solutions to address the global challenge of climate change mitigation and adaptation, country negotiators worked to find compromise on difficult financial questions. BCSE's top takeaways include: 1) Upon the COP’s conclusion, countries agreed to mobilize $300 billion of international public climate finance by 2035 – and to identify a pathway toward identifying sources to deliver up to $1.3 trillion. In addition to public finance, governments will need to deploy a mix of policy tools to leverage the true power of private sector investment. 2) Public-private partnerships across industries and borders are crucial to doubling #energyefficiency improvement and tripling #renewableenergy capacity by 2030. Plus, BCSE welcomed two new global goals to increase energy storage deployment to 1500 GW and double grid investment by 2030. 3) The foundation of the #cleanenergy transition is hard-wired into the global economy. Nevertheless, greater ambition and inclusion of transition goals in the next round of national climate plans (#NDCs) is critical to maintain and increase momentum. Read BCSE's full reflections on COP 29 at https://lnkd.in/e_VK3TEt.