BPU Retool ’22 Conference Keynote Speaker Clint Wilder and MC Mike McKay (October 18, 2022)
We’re halfway through the transition to modern energy according to Retool ’22 Conference keynote speaker Clint Wilder.
Wilder is the Editorial Director for CleanEdge which is a developer and publisher of stock indexes tracking clean energy, transportation, water, and the grid.
Speaking at Northwest Arena Tuesday morning, Wilder cited five key drivers that are accelerating the transition from fossil fuel to alternative energies such as wind and solar power. He said the first driver is the dramatically declining costs of solar, wind and battery storage, “We have a major shift in investment dollars from fossil fuels into clean energy. Public support in poll after poll in the U.S., and I’ll have some more information about this, something like 70% of Americans support more resources and policy support for clean energy.”
Wilder said there has been an 85% drop in prices for solar and wind since 2010, which has made it competitive with natural gas.
Wilder said another driver is the development of the smart grid and electrification. He said smart grids support the way energy is digitized and stored, making for more efficient distribution. Wilder cited how California’s smart grid was able to handle a 10-day heatwave with no rolling blackouts as seen in the past.
He said policy support is another driver, seen in the recently passed Inflation Reduction Act, the CHIPS and Science Act; and Infrastructure and Jobs Act, “So this is the biggest federal support that we’ve ever seen by far to put resources behind growth of clean energy. It’s something that we advocates in the industry have been calling for, waiting for, for a long time and it’s finally happened.”
Wilder said these policies in the last two years have seen immediate impact with multi-billion dollar manufacturing investments being made in the United States.
The Jamestown BPU’s Retool ’22 Conference continues Wednesday and will feature keynote speaker John Ellis at the Northwest Arena. For more information, visit jamestownbpu.com
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