1. Rich testifies on international energy investments
ClearPath Chief Executive Officer Rich Powell testified before the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions in a hearing titled, "International Financial Institutions in an Era of Great Power Competition."
Rich's testimony detailed:
- The importance of nuclear energy;
- The global competitive landscape for nuclear energy projects;
- Opportunities and challenges for IFIs to support these projects; and
- The role of U.S. development and export financing.
Plug in: Watch his testimony here.
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2. …and Jeremy testifies on global energy supply chain leadership
ClearPath Chief Strategy Officer Jeremy Harrell testified before the House Energy & Commerce Subcommittee on Oversight and Investigations in a hearing titled, " Growing the Domestic Energy Sector Supply Chain and Manufacturing Base: Are Federal Efforts Working?” Jeremy’s testimony focused on:
- Modernizing permitting;
- Capitalizing on recent bipartisan policy wins; and
- Improving our export markets in order to ensure global energy supply chain leadership.
Plug in: Watch his testimony here
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3. Roger Martella joins ClearPath Advisory Board
ClearPath announced Roger Martella, GE's Chief Sustainability Officer, will join its Advisory Board. Martella is currently Chief Sustainability Officer for GE, as well as the Head of Engagement, Government Affairs and Policy for GE Vernova. His background includes:
- Co-lead of Sidley Austin LLP global environmental law and climate change practices.
- U.S. Senate confirmed General Counsel at EPA during the George W. Bush Administration.
What’s clear: “GE is one of the most innovative American companies and a leader in clean energy, and Roger is one of the most respected legal and sustainability experts in the country,” said ClearPath CEO Rich Powell. “We are thrilled to add Roger to our Advisory Board.”
“In an era of unprecedented action on electrification, energy security and climate change, ClearPath serves a critical, honest broker role in ensuring decision makers have the strongest understanding on the role of innovation and technology,” Martella said. “I look forward to working with the staff and Advisory Board to support this mission.”
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4. ClearPath adds Cheryl Lombard to permitting policy team
Cheryl Lombard will be joining ClearPath as Senior Program Director for Regulatory Policy and Advocacy. Lombard was President and CEO of Valley Partnership, a trade association advocating for responsible development, in the Phoenix, AZ-metro area. Cheryl’s resume includes:
- Arizona Real Estate Magazine’s Most Influential Women in Commercial Real Estate and Commercial Executive Magazine’s Women in Power in 2015 and 2023
- Gov. Doug Ducey’s (R-AZ) Water Augmentation Council
- Gov. Katie Hobbs’ (D-AZ) Water Policy Council
“Cheryl is a truly respected and trusted voice on clean energy, sustainable economic development, and environmental law, and we are thrilled to have such a seasoned expert joining us at ClearPath,” said Jeremy Harrell, ClearPath’s Chief Strategy Officer.
“I’m excited to help lead a growing initiative for ClearPath focused on modernizing permitting for clean energy, one of the hottest topics currently before Congress,” said Lombard.
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5. Ohio to get 2 Oklo Microreactors
Oklo, a leading developer of new nuclear microreactors, announced a deal to build two plants at a site looking to redevelop for manufacturing and industrial facilities near Piketon, Ohio. The project anticipates providing:
- 30 MW of clean electric power; and
- 50 MW of clean heating, with potential to expand.
What’s clear: Nuclear energy can have profound positive impacts on decarbonizing industrial sectors. X-energy and Dow Chemical are planning to construct a high-temperature gas reactor in Texas. NuScale Power and Nucor Corporation are exploring the use of nuclear power for Nucor's scrap-based Electric Arc Furnace (EAF) steel mills.
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6. $45 Million for carbon capture, transport, and storage
The U.S. Department of Energy announced up to $45.5 million in funding to advance carbon capture technologies and help to establish the foundation for a carbon transport and storage industry nationally.
The projects selected under this funding opportunity announcement will focus on two areas:
- Developing lower cost, highly efficient technologies for carbon capture from power and industrial facilities for storage or conversion; and
- Accelerating the development of CO2 transport through the creation of hubs.
What’s clear: Carbon capture technology is becoming a true win-win for the U.S. We are seeing incredible momentum for the private sector to deploy CCUS technology that will lead to tremendous economic and job growth across the country. Plus, this is one of the best technologies for reducing global emissions.
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7. ICYMI
- The WSJ reports on JPMorgan’s big bet on carbon removal.
- AEI and Distributed Sun teamed to publish an open on permitting, infrastructure, and growing the economy in RealClearMarkets.
- E&E reported that Plant Vogtle will reach 100% capacity next week!
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