Governor Kay Ivey on Wednesday signed into law comprehensive legislation designed to solidify Alabama's energy dominance, accelerate economic development and address potential critical energy infrastructure supply chain vulnerabilities. The “Powering Growth” plan includes the establishment of the Alabama Energy Infrastructure Bank, a strategic plan to mitigate long lead times for crucial energy equipment and streamlined permitting processes mirroring recent federal initiatives signed by President Trump to support economic development projects.

The Powering Growth plan’s goal is to create a robust framework for energy dominance and security across Alabama. This initiative aligns with the Alabama Growth Alliance’s strategic priorities, focusing on expanding energy capacity and developing prime sites for industrial and commercial development, turning “shovel ready sites” into “move in ready” sites and addressing supply chain constraints.