[link removed]

Happy Friday!



1. Quidnet’s first commercial-scale energy storage project

A landmark 15-year agreement was announced between Texas utility CPS Energy and Quidnet Energy to build a long-duration, grid-scale energy storage project

[link removed]

.

What’s clear: American innovators are well-positioned to lead the world in the development of next-generation energy storage technologies. Quidnet’s geomechanical pumped storage (GPS) technology, while similar to traditional pumped hydro storage, offers a few key advantages:

Small size

Not reliant on certain elevation conditions

Does not disrupt lake or river ecosystems

Plug in: Using Quidnet’s innovative GPS technology, the project will work toward CPS’ “Flexible Path” Resource Plan to reduce their emissions by 80% by 2040.

Check out our video

[link removed]

to learn more on Quidnet's innovative energy storage technology.

ClearPath's Alex Fitzsimmons has more on developing long-duration, grid-scale energy storage in this piece, A Grand Opportunity for Energy Storage

[link removed]

.

2. Omnibus spending agreement



Congress released an omnibus spending bill which passed the House on Wednesday night. It includes exciting clean energy innovation provisions, including:

$450 million for ARPA-E: Funded at $450 million ($23 million increase)

$45 million for fusion energy public-private partnerships

Language to improve carbon dioxide infrastructure such as onshore pipelines

$120 million for “Project Pele,” Dept. of Defense’s cutting-edge Strategic Capabilities Office (SCO) program to demonstrate a non-light water nuclear reactor design by 2023

$250 million for the Advanced Reactor Development Program (ARDP)

$120 million for the energy storage including the Grid Storage Launchpad

Plug in: The legislation also includes funds for the offices of Fossil Energy, Nuclear Energy, Energy Efficiency and Renewable Energy and Science. The Hill has more

[link removed]

.

3. S. Korean firm investing in American clean energy



A $100 million investment into 8 Rivers Capital, a U.S. clean energy solutions provider, by South Korean investment firm SK Group will fund emissions reduction efforts in Asia

[link removed]

by deploying clean energy technologies such as carbon capture, hydrogen production, and direct air capture among others.

What’s clear: This announcement comes as Europe is trying to reduce its reliance on Russian natural gas, while Asian countries are simultaneously trying to meet increased demand for power.

Note: The energy startup NET Power uses 8 Rivers’ technology and successfully built a functioning pilot plant in Texas in 2018.

Plug in: Unfamiliar with NET Power? Our CEO Rich Powell explains their “game-changing” technology in 3 minutes

[link removed]

.

4. Modernizing a broken permitting process



A domestic source of critical minerals is essential for American energy independence. Lithium Americas is in the final phase to begin its Thacker Pass lithium mine in Nevada.

What’s clear: Thacker Pass has been a decade in the making. The current permitting process is broken and outdated — Thacker Pass is a prime example of why we need to modernize.

Speaking of which, DOE Secretary Granholm assured an audience at CERAWeek

[link removed]

that permitting reforms are “definitely on the agenda” for the Biden administration.

“Regulatory delays are slowing down natural gas and geothermal projects along with other types of renewable energy. We’ve got to do a whole-of-government approach to collapse the bureaucracy associated with getting new kinds of things,” she added.

Plug in: Read our Senior Program Director Alex Fitzsimmons’ take on permitting modernization in the wake of Thacker Pass in the Las Vegas Review Journal

[link removed]

.

5. TVA & Oak Ridge new partnership to advance clean energy

Tennessee Valley Authority (TVA) and DOE’s Oak Ridge National Laboratory (ORNL) are joining forces

[link removed]

to advance clean energy technologies from design to deployment, including:

Direct air capture…clean hydrogen…advanced nuclear…geothermal…and long-duration energy storage.

What’s clear: TVA provides electricity for 153 local power companies serving 10 million people in Tennessee and surrounding states. They have big carbon emissions reduction goals

[link removed]

and will be tapping ORNL’s technical expertise to reach their goals.

6. ICYMI

The UK's Office for Nuclear Regulation, which is the equivalent of the NRC, will begin a Generic Design Assessment

[link removed]

for the Rolls-Royce small modular reactor design.

Prime Movers Lab Partner Carly Anderson published a white paper

[link removed]

on advancements and trends in nuclear power.

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

Did someone forward this to you? Sign up here

[link removed]

.

Miss a week? Catch up on our Rundown archive

[link removed]

.

Follow us on Twitter: @ClearPathAction

[link removed]

/ @powellrich

[link removed]

View this Rundown online

[link removed]



[link removed]

[link removed]



-->

[link removed]

Copyright © 2019 ClearPath Action, All rights reserved.





This email was sent to [email protected]

why did I get this?

*|ABOUT_LIST|*

unsubscribe from this list

[link removed]



[link removed]

update subscription preferences

ClearPath, Inc.

518 C St NE Suite 300

Washington DC 20002