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Clean technology manufacturing competitiveness : the role of tax incentives : hearing before the Subcommittee on Energy, Natural Resources, and Infrastructure of the Committee on Finance, United States Senate, One Hundred Eleventh Congress, second session, May 20, 2010.
The capital intensive nature of clean energy technologies suggests that manufacturing clean energy equipment has the potential to support state and local economic development efforts. However, manufacturing siting decisions tend to be complex and multi-variable decision processes that require in-depth knowledge of specific markets, the logistical requirements of a given technology, and insight into global clean tech trends. This presentation highlights the potential of manufacturing in supporting economic development opportunities while also providing examples of the financial considerations affecting manufacturing facility siting decisions for wind turbine blades and solar PV. The presentation also includes discussion of other more qualitative drivers of facility siting decisions as gleaned from NREL industry interviews and discusses strategies state and local policymakers may employee to bolster their chances of successfully attracting clean energy manufacturers to their localities.
The capital intensive nature of clean energy technologies suggests that manufacturing clean energy equipment has the potential to support state and local economic development efforts. However, manufacturing siting decisions tend to be complex and multi-variable decision processes that require in-depth knowledge of specific markets, the logistical requirements of a given technology, and insightinto global clean tech trends. This presentation highlights the potential of manufacturing in supporting economic development opportunities while also providing examples of the financial considerations affecting manufacturing facility siting decisions for wind turbine blades and solar PV. The presentation also includes discussion of other more qualitative drivers of facility siting decisions asgleaned from NREL industry interviews and discusses strategies state and local policymakers may employee to bolster their chances of successfully attracting clean energy manufacturers to their localities.
Clean energy manufacturing is booming in the United States. U.S. clean energy investment topped $51 billion in 2014 alone, and even more growth is expected in the $250 billion clean energy market worldwide in coming years. America has an important opportunity to continue growing clean energy manufacturing industries, along with the high quality jobs and stronger local economies that come with them.
As part of its mission, CEMI builds partnerships around strategic priorities to increase U.S. clean energy manufacturing competitiveness. This requires an "all-hands-on-deck" approach that involves the nation's private and public sectors, universities, think tanks, and labor leaders working together.