Regardless of the challenge, the United States will always rise. From the first successful plane flight to the time it takes to land a man on the moon, nothing can stop America’s courage and creativity. That’s what makes our country great.
Today, we face new challenges: winning the global AI competition and driving a revival of American manufacturing.
Doing so requires a lot of electricity – more than the United States can produce today. This cause will put a huge effort to build infrastructure, unlike anything we have seen since the end of World War II.
To maintain American dominance on the global stage, over the next five years, the 450 GW generation of the United States – from a perspective, this amounts to adding enough generations to power 75 Miami metropolitan areas or 11 Florida states. In the context, over 40 GW of new natural gas and nuclear have been built over the past five years
Now isn’t the time to remove options from your desktop. The bet is too high. Ranked second in artificial intelligence. Opportunities should not be wasted in creating jobs in the United States.
Clean Energy Tax Credit
that’s why Debate on the Clean Energy Tax Credit It can’t be just renewable energy. It’s much more than that. It’s about whether we want to reject the only form of power generation whenever we need to obtain every electron in the United States.
I say it’s not an ideology, but the CEO of the country’s largest electricity provider and the typical American full-look company.
Nextera Energy Not only is the leader in local renewable energy. We own and operate more natural gas power plants than anyone in the United States. We also operate one of the largest nuclear fleets in the United States. We have pipeline and gas extraction businesses. Our only lasting interest is to provide our customers with low-cost energy as soon as possible.
It’s obvious that Congress – we don’t have a debate here. But for the sake of U.S. electricity supply, economy and national security, we urge lawmakers to take a measure.
Since new nuclear power plants cannot be built until the mid-2030s and traditional power plants need to be built and turbines, the immediate elimination of credit or changes in construction will effectively shut down the supply of new U.S. power plants at the end of the decade.
Prior to that, the only option in the United States was to build wind, solar and battery storage, which could be used as a bridge, while we expanded the traditional power plant supply chain and workforce.
Reduce energy costs
Last week’s Senate Finance Committee acknowledged this reality and provided a pragmatic approach to phase out clean energy credits and recognized that businesses signed contracts and made huge capital decisions under current laws. According to some estimates, more than $1 trillion in U.S. energy infrastructure investment could be at risk.
Practical, common sense regulations, such as taking credits with phased construction starts, provide runways for completing projects and put much-needed electrons on the grid while keeping electricity prices for U.S. homes and businesses lower.
Remember that energy companies do not gain credit, but instead go directly to U.S. homeowners and business owners through lower energy costs. Renewable and storage projects in rural communities across the United States have a lot of tax injected, often used for basic services such as police, schools and roads.
Investing in U.S. infrastructure and putting our country first should not divide us. We should unite with dangers, respect facts, and work together to build America’s needs.
We have a once-in-a-lifetime opportunity to meet this unique American moment. Let us unite and do the right thing for America.
John Ketchum is Chairman and CEO of Nextera Energy, one of the largest power and energy infrastructure companies in North America.
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