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TGIF!

BTW, The Rundown won't publish next week, but we'll be back in your inbox March 4.

Also, apply to be our Policy Manager for Nuclear Energy

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1. Advanced geothermal Co. Fervo Energy gets $4.5M boost

As part of a series of ARPA-E clean energy innovation awards

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, Fervo Energy was selected to demonstrate its advanced geothermal and long-duration storage technology, The FervoFlex™.

What’s clear: Geothermal energy is clean, safe, reliable and renewable.There is a virtually limitless supply of geothermal energy right beneath us.

This heat can be harnessed for a variety of uses including electricity generation … heating and cooling of buildings … and other industrial and hybrid applications.

Plug in:

Our short video

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explains more about Fervo’s technology.

ClearPath and ITIF published a paper on how to advance geothermal energy

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2. Why the U.S. needs a domestic critical minerals supply chain



DOE recently announced $2.91 billion of the bipartisan infrastructure law will go towards the production of advanced batteries, critical to rapidly growing clean energy industries.

Infrastructure Act funding builds on the Energy Act of 2020, which authorized new investments to bolster America’s critical mineral capabilities, including $6 billion for DOE to boost RD&D for battery manufacturing

Information on applying for the funding opportunities

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Plug in: Worldwide energy storage deployments are expected to triple compared to 2020.

Energy storage is important for strengthening grid reliability and reducing emissions.

Growth will dramatically increase demand for critical minerals, whose supply chains are largely controlled by the Chinese government.

ClearPath’s Alex Fitzsimmons has more.

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For the U.S. to build a domestic critical mineral supply chain, we need to get serious about what it takes to finance, permit, and build new projects.

3. ClearPath expands communications team



ClearPath announced the addition of Jane Reynolds

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, who was formerly with Bracewell Policy Resolution Group and Advanced Energy Economy, as Communications Associate. Welcome Jane!

4. NuScale prepares to deploy advanced reactor in Poland



American advanced nuclear reactor technology will be built in Poland, after a NuScale Power agreement

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to deploy its small modular reactor (SMR) technology.

NuScale’s small modular reactor design was approved by the NRC in 2020.

American entrepreneurs like Oklo … X-energy … TerraPower … Holtec … GEH … Kairos … and NuScale are ready to build and need the Nuclear Regulatory Commission (NRC) to not work against them.

What’s next: The NRC could see as many at least 10 license applications by 2025, raising concerns if they are prepared to review and approve them. Other countries are already charging ahead with new construction:

52 nuclear reactors are under construction across the globe, but only two are in the U.S.

Russia accounts for about two-thirds of reactor sales worldwide.

China has 14 reactors currently under construction and has announced plans to build 150 new reactors over the next 15 years.

Plug in: The success of American technology today is important to maintain leadership globally.

ClearPath’s Jeremy Harrell testified

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on this at the Senate EPW Committee last week on how the NRC needs to modernize.

5. Duke, Dominion expand into new net-zero territory





Some of America’s largest publicly owned utilities and major American companies are taking action against climate change to reduce emissions.

Duke is expanding

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its net-zero goals to include indirect emissions.

Dominion is expanding

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to Scope 2 & 3.

Southern Company, DTE, Xcel Energy, and PSEG also have bold commitments.

Plug in:

Scope 1 emissions are the most obvious for companies to focus on — direct emissions that occur from sources controlled or owned by an organization (e.g. power plants).

Scope 2 emissions are indirect emissions associated with the purchase of electricity.

Scope 3 emissions are from assets not owned or controlled by the reporting organization, but indirectly impacts their value chain.

6. Preserving existing fleet of reactors



A provision of the bipartisan infrastructure bill included a Civil Nuclear Credit Program (CNCP) to help prevent early retirement of the existing nuclear fleet. More on the application process.

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CNCP applicants must:

Prove that their reactors are in danger of being shut down for economic reasons;

Demonstrate that their retirement would lead to increased air pollution;

Receive assurance from the NRC that their reactors will operate safely

Plug in: Nuclear provides over half of the clean electricity in the U.S.

According to the Clear Path to a Clean Energy Future report

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, saving the existing fleet of reactors from premature retirement is one of the cheapest ways to help meet utility decarbonization commitments and preserve thousands of good paying energy jobs.

But don’t just take our word for it, look at Massachusetts, New York and Pennsylvania

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who are seeing emissions go up in their states after closing nuclear power plants.

7. ICYMI

This week, DOE released its Hydrogen Hubs Implementation Strategy RFI

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. Check out ClearPath’s hub recommendations here

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.

France announced six new nuclear reactors

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, adding to its existing nuclear fleet.

DOE’s Office of Fossil Energy and Carbon Management announced $28 million in funding for clean hydrogen R&D

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.

EPRI and Battelle are joining forces

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to accelerate clean energy RD&D.

8. Coming down the pipeline

March 2 – Dynamo Energy Hub is hosting a panel, Future Fuels: Powering a Clean Economy with Hydrogen and Ammonia

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, featuring our Chief Strategy Officer Jeremy Harrell and Policy Analyst Natalie Houghtalen.

March 30 – The Fusion Industry Association

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will host its first annual policy conference in DC.

That’s all from us. Thanks for reading and have a great weekend!

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