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Welcome to your weekly roundup of clean energy news and policy plays.
Join our policy team: We’re hiring a carbon capture program director
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and a finance policy analyst
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.
Let's talk clean energy...
1. DOE’s goal to slash clean hydrogen costs
DOE announced a plan to roll out a series of goals to accelerate breakthroughs of more clean energy solutions this week.
Zoom out: This is the first goal
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in DOE’s new “Energy Earthshots” series and aims to reduce the cost of clean hydrogen by 80% from $5 to $1/kg over the next decade.
Rewind: The strategy builds on successful programs launched at DOE during the last administration — the Energy Storage Grand Challenge and the Advanced Reactor Demonstration Program.
What’s clear: There was a shift at DOE during the last Administration towards goal-oriented investments to help scale up clean energy innovation.
2. Gulf Coast preps two big carbon capture plans
Momentum continued to build behind two key Gulf Coast developments this week:
A new Texas law
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cleared the way for the state to apply for primacy
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over the Environmental Protection Agency’s Class VI well program — wells used for the injection of carbon dioxide into deep rock formations for long-term sequestration.
A joint venture from Talos Energy and Storegga Geotechnologies Limited will evaluate and develop carbon capture and sequestration along the Gulf Coast — one of the first projects being pursued offshore
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.
What’s clear: The Gulf Coast is a prime location for carbon capture and storage opportunities due to the high number of emitters and vast storage potential offshore.
3. Washington’s moving infrastructure target
Negotiations hit a snag this week as President Biden ended talks with Senate Republicans over their desire to keep the 2017 tax cuts intact.
The path ahead appears partisan:
Senator Shelley Moore Capito (R-WV), the lead Republican negotiator, expressed disappointment
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while committing to bipartisan solutions.
Dems, meanwhile, said the GOP offer didn’t go far enough on climate change — even though Congress passed the most sweeping climate legislation in over a decade, with the Energy Act of 2020.
But there’s still hope for bipartisanship. The House Problem Solvers Caucus this week introduced a $1.25 trillion, bipartisan infrastructure framework hewing “closer to Biden’s baseline,” Roll Call reports
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.
10 Senators also announced a bipartisan “compromise framework
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” calling for $1.2 trillion over the next eight years.
4. The case for permitting reform
When infrastructure talks resume, making it easier to build new projects should remain a key priority.
What’s clear: Permits set the pace of our clean energy transition — either bogging down or unleashing the massive number of new projects analysts say we need, ASAP.
Rich’s take: The scale of construction this moment demands is enormous given our increasingly electrified country — and speed is key.
We’re talking tens of thousands of miles of new pipelines — both for clean fuels and captured CO2 — transmission wires, power plants, wind and solar farms, geothermal wells, nuclear plants, clean fossil fuel plants, and repowered hydro dams.
Next week, join The Aspen Institute
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for a first look at its next report, “Building Cleaner, Faster.”
Plug in: Hear Rich explain why we can only scale up clean energy and cut carbon dioxide emissions as fast as we can permit new projects in under 5 minutes
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.
5. You’re invited: The path to tapping fusion energy
Join Paul Dabbar, DOE’s former under secretary for science and a member of our advisory board, for a conversation on how to mobilize investments in what could be a world-changing clean energy source.
June 24 @ 4pm — register here
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.
What’s clear: Innovative designs and scientific breakthroughs are bringing the bottomless well of fusion power closer and closer to reality.
Context: For decades, scientists have been trying to build a fusion generator to harness the reaction at the core of the sun.
Rewind: The Nuclear Regulatory Commission, industry, and DOE have recently begun discussions on an appropriate regulatory pathway for commercial fusion.
The latest: The Fusion Industry Association is calling on fusion to be included as a part of any upcoming infrastructure legislation
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.
Plug in: Explore our Fusion 101
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for a crash course in how it works, the field’s big developments, and what’s next.
6. ICYMI
We’re pushing the Senate to reintroduce and pass the American Nuclear Infrastructure Act
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, cosigning a letter from 24 industrial, nonprofit, and advocacy orgs.
Carbon capture, utilization, and storage continue to gain bipartisan support
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in Washington and interest from investors.
E4 Carolinas won $1.4 million from a Commerce Dept. nuclear research grant
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to boost the industry and its economic benefits throughout the Southeast.
Rich joined She Thinks, the Independent Women’s Forum podcast, to discuss the conservative case for climate solutions
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and where we see bipartisan agreement.
Pumped hydro, America’s overlooked energy storage workhorse, is poised to get the credit — and added investment from Washington
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— it deserves, writes our own Alex Fitzsimmons.
End of an era... Developer TC Energy officially canceled
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the Keystone XL Pipeline project, months after President Biden revoked a key permit, drawing bipartisan backlash over the loss of jobs.
Coming down the pipeline
June 15 — Aspen Institute: Hear from a roundtable of policymakers, experts and practitioners for the "Building Cleaner, Faster
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" report release.
June 15 — House S&T: Full committee markup of H.R. 3593, the "Department of Energy Science for the Future Act
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”
June 15–17 — Decarb Connect: This year’s gathering
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explores competitive decarbonization business models for North America.
June 24 — ClearPath: Former DOE official Paul Dabbar charts a path toward "Mobilizing Investment into Fusion Energy
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."
That’s it for this week – have a great weekend, and see you next Friday!
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