ClearPath Action Rundown February 7th, 2025
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Happy Friday! We are taking a pause next week and will be back Friday,
February 21st.
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Congratulations to Brooke Rollins on her confirmation
as Secretary of Agriculture! |
1. ClearPath CEO
testifies: critical minerals & U.S. national
security |
ClearPath CEO Jeremy Harrell testified on the urgent need to
secure America’s critical mineral supply chains at Thursday’s HNR
Energy and Mineral Resource Subcommittee
hearing. |
ClearPath’s Chief Executive Officer Jeremy
Harrell testified before the House Natural Resources Energy and
Mineral Resources Subcommittee on the importance of securing America’s
critical mineral supply chains, to ensure U.S. energy dominance and
national security. |
His testimony outlined a strategy that syncs U.S. R&D
capabilities with targeted free market incentives, regulatory
modernization, and proactive trade policies. The steps:
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Restore predictability to the permitting process;
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Streamline judicial review of administrative actions;
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Derisk private investment in domestic mining and processing.
What’s clear:
“Out-subsidizing China is not an effective strategy, but targeted
incentives, like the 45X tax credit, public-private partnerships, and
low-cost debt financing, can foster investment and protect American
industries from unfair competition,” said
Harrell.
Plug in: Watch
the full hearing here.
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2. Congress full STEAM
ahead on geothermal |
Reps. Maloy (R-UT) and Lee (D-NV)
along with Sens. Murkowski (R-AK) and Cortez Masto (D-NV) are
reintroducing
a bill supporting geothermal permitting reform.
The STEAM Act:
- Cuts
government red tape by giving geothermal projects the same flexibility
to explore and develop.
- Expedites the development of geothermal energy by extending a
new categorical exclusion for geothermal resource confirmation
wells.
Reps. Steel (R-CA) and Lee (D-NV)
introduced this bipartisan
legislation in the
House last Congress.
What’s clear: “In
2005, the U.S. faced an energy crisis and rightly granted oil and gas
a categorical exclusion to produce more energy to meet demand. As the
U.S. faces new challenges to meet rising demand, this bill helps
achieve parity for 24/7, clean, reliable geothermal power,” said
Jeremy Harrell, CEO of ClearPath Action. “This legislation is important in unlocking
American geothermal energy to support our economy and the
environment.”
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3. Wright’s right:
“Energy is not political” |
DOE Chief of Staff and former ClearPath senior director Alex
Fitzsimmons swears in DOE Secretary Chris
Wright |
Newly confirmed Energy Secretary
Chris
Wright is starting
off strong with a heavy push for a new narrative surrounding the U.S.
energy agenda, ordering DOE to “unleash American energy.”
"I want to better energize our
country, strengthen our country, advance science, advance the cause of
basic science, and get the politics out of all of this,” said
Wright.
What
Wright’s working on:
- Review
of DOE R&D, to ensure a focus on affordable, reliable, and secure
energy technologies;
- Returning to “regular order” regarding liquefied natural gas
exports;
- Launching an American “nuclear renaissance” and commercializing
next-generation nuclear power;
- Strengthening the grid to meet soaring energy demand;
and
- Streamlining permitting for new energy
infrastructure.
Congratulations, Secretary
Wright!
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4. NASEO launches small
nuclear reactors first mover coalition |
Utah recently joined the National
Association of State Energy Officials (NASEO) Advanced Nuclear
First Mover Initiative to accelerate the deployment
of advanced reactors in the U.S.
This initiative:
- Addresses supply chain needs;
- Streamlines federal permitting;
- Explores
public-private partnerships; and
- Involves
Wyoming, Tennessee, Indiana and Virginia among other
states.
What they are saying: “The State of Indiana is committed to identifying the strongest
pathways for advancing new nuclear projects,” said
Indiana Governor Mike Braun.
“By co-leading the Advanced Nuclear First Mover Initiative, Indiana
will be able to facilitate innovative new partnerships across states
and industry, identify supportive policy mechanisms, and develop new
tools for decreasing project risk.”
What’s clear: The
U.S. needs to grow its nuclear order book to meet the resurgence in
domestic manufacturing, the advent of artificial intelligence and the
electrification of everything from heating our homes to heavy
industry. Nuclear energy is an ideal solution to accomplish these
challenges.
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5. Texas A&M
advancing nuclear |
Texas A&M University System has
offered land to four nuclear companies to deploy small modular
reactors (SMRs) at its technology and innovation campus. The group of
nuclear companies include Kairos Power, Natura Resources, Terrestrial
Energy and Aalo Atomics. More details of the announcement include:
- The
Texas A&M System is in the process of applying for an Early Site
Permit (ESP) to streamline the regulatory process.
- The
project aims to test innovative nuclear technologies that can reach
commercialization within the next five years.
- This
site will host multiple SMRs, providing more than one gigawatt of
electricity generation.
What’s clear:
Texas is making a big push for nuclear energy. Gov. Abbott (R-TX) in
conjunction with the Texas A&M System, is determined to position
Texas as the leader in deploying new nuclear energy.
Plug in: Learn
more about this project, “The Energy Proving Ground”
here.
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6. Zanskar completed
first step-out production well |
Zanskar, a Utah-based company using
AI to find and develop geothermal energy resources, completed its
first
geothermal step-out production well eight months after acquiring
it.
The company’s Lightning Dock
project is:
- A 15 MW
geothermal power plant in Hidalgo County, New Mexico; and
- Positioned to become the most productive U.S. pumped geothermal
well in operation.
Zanskar’s research approach focuses on
demonstrating:
- How modern data collection can improve geothermal site discovery
and characterization.
- The ability to produce more energy than industry and current
markets think is possible.
What’s clear: Geothermal is one of the best near-term options for clean, firm
power at scale. Scaling geothermal energy faster and
more cost-effectively starts with conventional geothermal
resources.
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7. Clean energy still
very popular with voters |
ClearPath Action has been studying
how American voters think about clean energy for close to a decade and
our latest numbers from this month are encouraging! A few toplines
include:
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78% of voters believe
it is important that their Member of Congress supports policies that
promote clean energy.
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77% support tax
incentives for American companies that develop clean energy
technology.
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76% support tax
incentives for American manufacturers who find ways to emit less
carbon from things like steel and cement.
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70% support reforms
to fix the lengthy permitting process that slows the building of new
clean energy generation.
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Reps. Rudy Yakym (R-IN) and Jimmy Panetta’s (D-CA) reintroduced
their bill, Studying NEPA’s Impact on Projects
Act.
- Hon. Theodore J. Garrish was
nominated for Assistant Secretary of Energy Office of Nuclear
Energy.
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ClearPath believes
America must lead the world in innovation over regulation…markets over
mandates…providing affordable, reliable, clean
energy. |
That's all from us. Thanks for reading and have a great
weekend!
View this Rundown online
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