Advanced Energy Economy (AEE), a national network of state and regional business groups, has been newly formulated by national and regional business leaders in order to drive American competitiveness and economic growth.

AEE launches with strong national, regional and statewide components, including state and regional chapters that encompass Colorado, Connecticut, Illinois, Maine, Massachusetts, New Hampshire, Ohio, Rhode Island and Vermont. Also, a non-partisan organization that helps build technology and innovation based economy, Clean Economy Network (CEN), will soon be a part of AEE’s regional and national network.            

By 2035, the world’s energy needs is going to increase 50 percent and new energy solutions designed to cater to increasing demands should be cost effective and price competitive, applicable on a wide scale, and secure in their sources. AEE is part of the growing network of regional business councils and partner organizations promoting a better business climate for the advanced energy sector and helping American companies and workers succeed as the world transition's to this new variety of Advanced Energy.

New England Clean Energy (News - Alert) Council (NECEC) acknowledged that AEE will provide a unified business voice that can develop meaningful public-private partnerships at the state, regional and national levels. This is how New England and other regions have succeeded in creating a positive business environment for advanced energy, and the council is confident that this bottom-up approach is the key to building our advanced energy economy.

In a press release, Tom Steyer, one of the founders of AEE and founder and co-managing partner of Farallon Capital Management, stated that it is time to look at energy innovation as a necessity for America, not an option. As global energy demand continues to grow America has the opportunity to lead the world toward new ways to generate, use, and conserve this vital resource.