The global energy economy is undergoing a radical transformation. Energy systems, technologies, and economic models which developed over the past 150 years are now rapidly evolving from year to year. Meanwhile, advancements in clean energy technology and the urgent need to address climate change are combining to drive deep decarbonization of the global economy.

This transition has the potential to deliver substantial economic benefits and opportunities to people and communities across the United States. In this white paper, ESS provides a discussion of the opportunities that recent legislation, such as the Inflation Reduction Act, and new technologies, such as long-duration energy storage, stand to unleash, and some of the challenges that remain to realizing a prosperous clean energy future.