Investment plan

Governor Lamont Announces Clean Energy Investment Plan and Plans for Future Supply of Energy Resources to Meet Climate Goals

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Governor Lamont Announces Clean Energy Investment Plan and Plans for Future Supply of Energy Resources to Meet Climate Goals

Clean Energy Supply Plan 2022

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(HARTFORD, CT) – Governor Ned Lamont today announced a new energy investment plan to ensure clean, low-cost energy to meet Connecticut’s climate goals through the release of the Department of Energy and of environmental protection (DEEP) Supply plan 2022. The plan builds on the state’s existing investments in a clean energy future by capitalizing on new state and federal actions to develop a clean, affordable, and reliable electricity supply.

Connecticut’s 2020 Integrated Resource Plan identified pathways to achieve various state energy goals, including a 100% carbon-free electric supply by 2040. With new federal legislation in place, including the largest investment climate change in US history With the passage of the federal Inflation Reduction Act, the state is preparing a series of markets that could secure clean energy resources – such as storage, solar power and transmission – at lower cost thanks to new federal incentives.

“Connecticut is moving quickly to take advantage of these historic federal funding opportunities, which will make investing in clean energy more affordable than ever before,” Governor Lamont said. “This supply plan will protect ratepayers from energy price volatility while making progress toward our climate goals.”

“Beginning this year, the Department of Energy and Environmental Protection will use existing authorities to seek additional renewable resources supporting our climate and waste management goals, continue our efforts to coordinate the offshore wind and identify new energy storage opportunities”, DEEP Commissioner Katie Dykes said. “We will continue to leverage competition to seek healthier, more affordable energy solutions for Connecticut residents and businesses.”

With the passing of the Federal Infrastructure Investment and Jobs Act and the Inflation Reduction Act, which will provide significant tax credits and other incentives for clean energy resources , this plan includes provision for solar resources and provision for energy storage systems to take advantage of the expected decline in the costs of these resources. It also calls for regional action on power transmission to unlock greater and more affordable offshore development, and leverage substantial federal funding for regional transmission approaches.

Finally, this plan ensures that the state will work with municipalities and use its available tools to help tackle the waste crisis by procuring anaerobic digestion.

Accelerating the initially detailed procurement schedule into 2020 demonstrates both the strategic flexibility needed to achieve a zero carbon goal in 2040 and the critical need to seek out the most cost-effective options in the marketplace for Connecticut residents and businesses.

DEEP will publish a schedule of next steps for each of these actions in the coming weeks, beginning with a kick-off event hosted by DEEP on October 5, 2022, to showcase the planned procurement process. For more information, email [email protected]

**To download: Ministry of Energy and Environmental Protection 2022 Supply Plan

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