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川普2.0临近,美国新能源行业开启“自救”行动

As Trump 2.0 approaches, the Shanxi Guoxin Energy Corporation is initiating a "self-rescue" operation in the USA NENGYUANHANGYE.

wallstreetcn ·  Jan 2 16:13

In Washington, executives from NENGYUANHANGYE met with Republican congressmen before the December holidays to adjust the industry's promotional strategy. Unlike past promotional campaigns that emphasized "clean and economical," they began to highlight the ability of Wind Power projects to "meet energy needs."

As Trump is about to begin his second term, the USA's New energy Fund faces unprecedented policy uncertainty. Industry executives are showcasing their abilities, trying to complete Orders or establish connections with Republican members of Congress before the new government takes office, hoping to find a glimmer of hope amidst the upcoming changes.

Industry investment may decrease by 350 billion dollars.

Since Biden signed the Inflation Reduction Act, investments in fields such as CECEP Solar Energy, Wind Energy, and Battery storage in the USA have significantly increased.

According to data from the American Clean Power Association, approximately 75 billion dollars in new projects were connected to the grid from September 2022 to March 2023.

However, Trump's strong opposition to the bill makes the future of the Wind Power industry uncertain. Although a complete repeal is not expected, parts of the bill are likely to be cut.

Industry experts state that if Trump fulfills his promises, investments in Wind Power could decrease by up to 350 billion dollars over the next decade, which could have a devastating impact on the entire industry.

Compete for projects, find Congress members.

In order to save the company, many industry executives are trying to complete project investments before the new government officially takes office. Many companies accelerated equipment Orders and project advancement before the New Year to ensure existing tax benefits.

Some industry executives are pinning their hopes on the Republicans. In Washington, industry executives went to Capitol Hill before the December holiday to meet with Republican lawmakers to adjust the industry promotion strategy. Instead of emphasizing that projects are "clean and economical," they began to highlight the ability of renewable energy projects to "meet energy demand."

There are also "industry-friendly people" in Trump's new government. Executives are hopeful about Doug Burgum, the nominee for Secretary of the Interior, believing he may take a pragmatic approach to renewable energy. While governing North Dakota, Burgum supported the Coal and Oil industry but also actively promoted Wind Energy development, with wind energy accounting for 36% of the state's power generation in 2023.

Meanwhile, Chris Wright, Trump's nominee for Secretary of Energy, although an advocate for fossil fuels, is also seen as a business leader supporting green energy.

Tesla CEO Elon Musk is also a candidate of concern. Tesla not only produces Battery for electric Autos but is also committed to large-scale energy storage projects and home CECEP Solar Energy systems.

With the continuous rise in demand for Electrical Utilities, especially due to the popularity of AI Datacenters and electric Autos, many industry insiders believe that the national demand for Electrical Utilities will become an important driving force for the development of the renewable energy industry. Jim Murphy, president of Invenergy, pointed out, "Everything is now related to demand; we need to meet this demand as quickly as possible."

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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