Green Energy CEO Pushes Congress To Boost His Bottom Line

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Green Energy CEO Pushes Congress To Boost His Bottom Line

Published: Thursday, November 11th, 2021 @ 12:18 pm
By: John Locke Foundation ( More Entries )

Publisher's Note: This post appears here courtesy of the John Locke Foundation. The author of this post is Mitch Kokai.

Josh Siegel of the Washington Examiner reports on one clean-energy CEO who's sending a message to ideological allies in Congress.

The CEO of one the largest developers of wind and solar farms in the country is warning Congress to not "squander" an opportunity to boost his industry, which must scale rapidly to achieve domestic climate goals and catch competitors such as China.

Sheldon Kimber's San Francisco-based Intersect Power is poised for growth after developing more than 1.7 gigawatts of solar projects across California and Texas in its first three years of existence. It is expanding into new markets enabled by cheap renewable power with another 4 gigawatts of projects planned to be developed by 2023, including green hydrogen and direct air capture.

"The thesis of our business is we are not just a renewables company but aim to be vertically integrated to include industries of tomorrow," Kimber told the Washington Examiner.

Kimber, 43, says a massive amount of renewable energy in the United States will remain on the sidelines unless federal policymakers take a pair of "simple steps."

"We are in a good position regardless of what happens," Kimber said. "The issue becomes what more we as an industry can do. We have a tremendous opportunity as a country to assert geopolitical and industrial leadership we haven't had for many years."

The bipartisan infrastructure agreement advancing in the Senate and endorsed by President Joe Biden contains billions in funding to scale up emerging clean energy technologies.

It does little, however, to help the proven bread and butter of the green energy sector, wind and solar power, that are spreading rapidly and cheaper than natural gas in some parts of the country but need to grow massively to meet Biden's target of using 100% carbon-free power by 2035.

Kimber says Biden and Democrats in Congress in a subsequent larger climate-focused infrastructure bill must deliver on their pledge to boost clean energy tax subsidies and require electric utilities to generate power from nonpolluting sources in order to achieve the president's goals.

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Comments

John Steed said:

( November 12th, 2021 @ 8:58 am )

Josh Siegel has always been a presstitute for the Climate-Industrial Complex. That the Washington Examiner tolerates his propaganda for them makes one wonder if the Examiner is getting paid off. Now the Locke Foundation is repeating his garbage?

Conservative Voter said:

( November 11th, 2021 @ 1:20 pm )

What LIARS. Wind and solar power is NOT cheap. It drives electric rates higher because it is more expensive and because it is unreliable. It is also NOT "competing" with China. It is playing into China's hands. China is building hundreds of new coal fired power plants to provide cheap and reliable electricity for themselves while manufacturing wind and solar power equipment to foist on Europe and America. If we want to compete with China, we need to junk wind and solar and push nuclear, coal, and gas.

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