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Power Authority in New York Receives Public Comment Regarding its Clean Energy Plan

The New York Power Authority hosted a public hearing at Holiday Inn, Downtown Binghamton to discuss its plans for New York State to achieve 70% clean energy by 2030. Included in the Build Public Renewables Act in the 2023-24 New York state budget, the Renewables Strategic Plan mandates requisite parties to hold three hearings to receive public comments.

In addition to the recent Southern Tier session, five other public hearings were held across New York. The act was endorsed by several labor unions as well as Public Power New York, a group of climate advocacy and political organizations that includes chapters of the Democratic Socialists of America, Food & Water Action, and the Sunrise Movement.

With the state working to meet several green energy targets, the act gives the Power Authority a mandate develop publicly-owned green energy to meet New York’s renewable energy mandates. A statement from Public Power New York encouraged the Power Authority to establish 15 out of the 20GW New York will need to meet its target of achieving 70% clean energy before 2030.

This capacity can include the usual suspects (wind and solar) as well as additional sources of green energy like geothermal and hydroelectric. According to the coalition, private sector actors won’t meet New York’s green energy mandates by themselves as soaring raw material costs and small profit margins are making clean energy projects an increasingly risky investment.

Without government support, New York may not be able to increase its green energy capacity in time to meet its climate goals, the groups say. The act that mandated the public meetings may have drawn a lot of support from political and climate advocacy organizations, but they weren’t as enthusiastic with New York Power Authority’s efforts.

Clean Energy Programs director at Network for a Sustainable Tomorrow, Adam Flint, noted in a press statement that Southern Tier residents are already dealing with increasingly unaffordable utility costs that are expected to rise even further. Flint argued that New York Power Authority’s draft proposal didn’t have the ambition and scope the state needed to mitigate its energy affordability and climate crises.

He called on NYPA to increase its clean energy goals to 15GW and ensure that each New York region enjoys the energy cost savings and economic benefits associated with renewable energy. Advocates from labor unions and Public Power New York also claimed that New York Power Authority isn’t developing enough clean energy capacity to meet the state’s green energy goals and create enough new union jobs.

As different jurisdictions like New York State ramp up their green energy projects, the electric vehicles made by firms like Mullen Automotive Inc. (NASDAQ: MULN) are set to offer even higher climate-change abating effects if they are charged using renewable energy.

NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

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Lacey@GCS

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