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Welcome to your weekly Rundown, for the week ending June 5.
Please let us know of anything we missed at [email protected].
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Please stay safe and healthy, wherever you're reading this week.



RealClear Energy: Bold American Strategy to Lead on Nuclear Energy

Last week, ClearPath Executive Director, Rich Powell ([link removed]) joined an event hosted by DOE on the Trump Administration Strategy to Restore American Nuclear Energy Leadership: A DOE and Industry Discussion.

This week RealClear Energy published an op ed ([link removed]) by Rich where he breaks down the Administration’s long view that a strong nuclear fuel supply industry will not exist without a thriving, growing demand for fuel.

“The strategy supports moonshot technology and robust American exports to build new reactors around the world..."

“Strategy is only as good as implementation, and this one can turn into reality — almost entirely by the Nuclear Energy Leadership Act (NELA)."

Read the full op-ed, Bold American Strategy to Lead on Nuclear Energy ([link removed])



New CCS Industrial Facilities in Canada to Have Major CO2 Emissions Reductions
Two new facilities equate to as much CO2 emissions as 53 of world’s largest wind turbines

Two large industrial plants in Canada, connected to the Alberta Carbon Trunk Line (ACTL), have become the world’s 20th and 21st large-scale carbon capture and storage facilities in operation. According to the Global CCS Institute, the two facilities have a combined capture and storage capacity of around 1.6 million tons annually. The ACTL pipeline could become the largest CCS network in the world when operating at full capacity. Read more from the Global CCS Institute ([link removed])

To put this in perspective, take your average wind turbine, which produces enough clean energy to avoid 4000 metric tons of CO2 a year. You would need 400 turbines to equal the two recently announced CCS projects — which is roughly 13% of all US wind installed in 2018.



Defense One: Our National Security Requires a Stronger Nuclear-Energy Industry

U.S. Department of Energy Secretary Dan Brouillette recently published an op-ed on DefenseOne.com ([link removed]) on how important nuclear energy is to national security.

“Despite strong nuclear energy production at home, the United States has ceded its position as the world leader in nuclear energy. Russia and China have been empowered by the lack of the United States’ leadership in the international competition for nuclear influence and are filling that void by boosting uranium mining and conversion. They are also exporting nuclear reactor technology, often using anticompetitive measures that undermine global markets. Sadly, the United States is nearly absent from the global new-build nuclear reactor market, leaving critical gaps in our nation’s energy security.”

Read the full op-ed ([link removed])



IN THE HEARING ROOM

In the hearing room this week: On June 4, The Senate Committee on Environment and Public Works held a hearing entitled, "Infrastructure: The Road to Recovery." ([link removed])



IN CASE YOU MISSED IT

Administration to Waive NEPA Reviews for Some Projects to Boost Economic Growth

The President signed an executive order on Thursday to waive certain reviews to help speed up federal approval for infrastructure and development projects in order to help increase economic growth. Read more ([link removed])





Bloomberg: China to Dominate Nuclear as Beijing Bets on Homegrown Reactors

Bloomberg reports that China is on pace to grow from 49 GW of nuclear capacity in 2019 to 100 GW in 2030. Chinese officials say they want to start building 6-8 reactors a year. Read the article here ([link removed])





Utility Dive: IRS clarifies carbon capture tax credit

Last week The Internal Revenue Service proposed new rules providing guidance on monitoring practices, safety and transferring of credits regarding the 45Q tax credit, encouraging technology that removes carbon dioxide from the atmosphere.

“The guidance will allow stakeholders in several sectors, including electric utilities, to take advantage and proceed with plans for carbon capture implementation," said Rich Powell, Executive Director of ClearPath. Read more in Utility Dive ([link removed])



Bloomberg: Inside Microsoft’s Mission to Go Carbon Negative

Bloomberg goes deeper on Microsoft’s pledge to be carbon negative by 2030. They also plan to create a $1 billion on a climate investment fund largely focused on carbon-removal technology. Read more ([link removed])





More and Better: Building and Managing a Federal Energy Demonstration Project Portfolio
ITIF’s Robert Rozansky and David M. Hart recently published a report on how demonstrating the commercial viability of new technologies for deep decarbonization requires federal funding. Their report advocates for new investments for demonstration projects while reforming how they are administered. Read the report, More and Better: Building and Managing a Federal Energy Demonstration Project Portfolio ([link removed])





Let’s Show the World We’re Serious About Nuclear Energy

In the industry, we would say the U.S. could benefit from a versatile, fast neutron source to accelerate the testing of advanced nuclear fuels, materials, instrumentation, and sensors to enable development and deployment of advanced reactor systems. In plain English, we need to get serious about having complete nuclear energy testing capabilities — ASAP.

Read ClearPath’s latest blog on why we need the Versatile Test Reactor (VTR), Let’s Show the World We’re Serious About Nuclear Energy ([link removed]), by Nuclear Program Director Niko McMurray. ([link removed])



THE PATH AHEAD

June 10: The Senate Armed Services Committee begins the markup of the National Defense Authorization Act ([link removed]). If markup is not completed on June 10, they will continue on June 11.

June 10: The Center for Strategic and International Studies is hosting an online event at 10 am. Register here for their Innovation in Carbon Management session ([link removed])

June 18: Gateway for Accelerated Innovation in Nuclear (GAIN) and the American Nuclear Society (ANS) are hosting an event, Clean Nuclear Energy for Industry: The Case for SMRs and Microreactors in Puerto Rico to discuss a recently released feasibility report. More details and register here ([link removed])



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