Venture Capitalist Helps Form New Green Energy Advocacy Trade Group

Advanced Energy Economy Advanced Energy Economy (AEE) is a national network of state and regional business groups promoting American companies as global suppliers of innovative energy technologies. AEE was unveiled in Denver, on Nov. 7th, 2011, the same day its Colorado chapter was announced.

AAE is hitting the ground running, with state and regional chapters that encompass Colorado, Connecticut, Illinois, Maine, Massachusetts, New Hampshire, Ohio, Rhode Island and Vermont; and with a merger with the Clean Economy Network (CEN), a non-partisan organization focused on developing a new economy based on technology and innovation. CEN will become part of AEE's national and regional network

AAE is backed by Hemant Taneja, Managing Director of General Catalyst Partners, who founded and co-chaired the New England Clean Energy Council (NECEC), and by Tom Steyer, founder and co-managing partner of Farallon Capital Management.

A prominent group of political and business leaders are also supporting the new group. They include George P. Shultz, former secretary of Labor, Treasury and State and Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution; Tim Healy, CEO, Chairman, and Co-Founder of EnerNOC; William Ritter, former Colorado Governor; Phil Giudice, Managing Director at Rhumb Line Energy LLC; and former FCC Chairman Reed Hundt.

“We want to build a business voice for the industry beyond Al Gore and T. Boone Pickens,” Taneja says. “The three principles of the group are to have a full and fair accounting of the costs of the energy we use; open markets; and to embrace long-term thinking.” The Advanced Energy Economy will seek to collaborate with already-established groups like the New England Clean Energy Council, the Illinois-based Clean Energy Trust, and the Colorado Cleantech Industry Association.