Newsletter: Freight electrification improves the triple-bottom-line
Freight vehicles powered by fossil fuels make up only 5 percent of the vehicle miles traveled in the U.S., […]
Freight vehicles powered by fossil fuels make up only 5 percent of the vehicle miles traveled in the U.S., […]
Running a business within a triple-bottom-line framework involves embracing complexity. It means acknowledging that the consequences of our actions (positive […]
Clean Energy Continues To Be A Driver of Economic and Job Growth in New Jersey Check out our latest […]
The NJEDA currently has a number of existing and upcoming financing programs that can assist businesses looking to either reduce their carbon footprint or participate in the clean energy economy. Programs include vouchers for purchasing zero emissions vehicles and tax credits for developers looking to clean up brownfields.
The focus of this month’s newsletter is on the IRA since its implementation promises to have far-reaching and positive consequences for the economy, public health and the climate. We’ll provide an overview of its overall goals, current and potential impacts, and how New Jersey companies can take advantage of the IRA’s potential benefits. We profile one company that is successfully integrating market innovation and government programs and incentives, like those from the IRA, to boost its own triple-bottom-line performance.
Ciel Power LLC is a business that has already been using state and federal rebates and tax credits to provide affordable home retrofit solutions. The company has also taken advantage of New Jersey EV tax credits and plans to continue transitioning its fleet with federal tax credits from the IRA. Companies like Ciel Power that are already embracing programs to reduce environmental impact and increase their financial efficiency are well positioned to take advantage of the IRA and continue to expand the positive impact of their work.
In support of its goal to achieve 100% clean energy by 2050, New Jersey has set an ambitious target of 11,000 megawatts of offshore wind capacity by 2040, and some developers have already begun the initial stages of constructing wind farms. As a coastal state, New Jersey is uniquely positioned to both tackle climate change and usher in a vibrant and dynamic new industry which will spur economic activity. Each wind farm implemented in the state is expected to add thousands of jobs to the economy.
Adoption of Advanced Cleans Cars II rules is key.
As a business that has experienced the advantages of EVs firsthand, we at Ciel Power LLC wholeheartedly support Gov. Murphy’s proposed ACC II rules. We urge fellow New Jersey residents, businesses and community leaders to join us.
Businesses have a stake in supporting the transition to New Jersey’s clean energy economy. Not only does this program increase the number of people eligible for upgrades and retrofits, which will benefit companies in the clean energy space, it also supports programs for businesses themselves to take advantage of energy efficiency programs.
New Jersey’s clean-energy goals are bold, in theory. Making progress and achieving those goals is more important than setting […]