Happy Friday! The Rundown will not publish February 24, but we’ll be back in your inbox on March 3.
1. Clear Path to a Clean Energy Future 2022
Last year, America reaffirmed its global clean energy leadership with more aggressive public and private sector action, ranging from the wave of bipartisan landmark federal funding for clean energy research, development, and deployment to more ambitious state and utility decarbonization commitments.
Increased ambition and targeted investments are projected to substantially drive down power sector emissions by the end of this decade.
ClearPath published its second edition of “Clear Path to a Clean Energy Future,” updating the inaugural edition, tracking the power sector, clean technology, and policy trends in America.
What’s clear: This analysis led to three key findings:
Power sector carbon emissions are projected to plummet in the near term, but we are not on track for net-zero emissions by 2050;
Retaining the existing nuclear fleet is essential to prevent an emissions rebound in the long term; and
2. Four key steps for nuclear energy policy support
Consensus is building around the need for more nuclear energy to achieve America’s energy goals, play a key role in the global energy market, and lower global emissions.
Today, the nuclear industry is heading towards a more optimistic future, but the next few years are crucial to enable wide-scale deployment.
What’s clear: The advanced reactor market is at an inflection point. Investors and end-users are closely watching these first-of-a-kind projects for crucial market signals.
Plug in: ClearPath has identified four areas to focus federal policy to provide the boost of confidence necessary for investors and end-users to scale from building one reactor at home to building hundreds both domestically and internationally.
Fuel up and complete current projects
Modernize the regulatory process
Attract new markets
Prepare the international market for American technology
In Texas, Petra Nova was in the top ten percentile of largest clean energy sources.
4. Double dose of nuclear bills introduced this week
This week, Senators Joe Manchin (D-WV), John Barrasso (R-WY), and James Risch (R-ID) introduced the Bipartisan Nuclear Fuel Security Act, which would establish domestic nuclear fuel programs to ensure Russian uranium disruptions would not affect the United States’ current or future nuclear reactors. This bill will help keep future fuel supplies on track.
What’s clear: “Nuclear energy is a vital component of a clean and reliable energy future in the United States and across the globe,” said ClearPath Action CEO Rich Powell.
“This bill will help keep America as the global leader of nuclear energy development, preventing foreign adversaries like China or Russia from gaining more ground on the nuclear energy markets.”
Plug in: In a recent column written by DJ Nordquist, formerly with the World Bank, and Jeffrey S. Merrifield, formerly with the Nuclear Regulatory Commission, the World Bank needs to consider the math required to reach net-zero, and acknowledge there’s no way to get close to this goal without a lot more nuclear power – these bills will help us get there.
5. Carbon storage permitting backlog
Carbon storage permitting backlogs at the EPA are delaying significant clean energy projects in Texas, Louisiana, and other states, according to the Houston Chronicle.
More than 30 underground carbon storage projects are being delayed due to the EPA’s lengthy approval process.
Louisiana’s application for Primacy of Class VI wells has experienced significant delays by this Administration.
Texas is in pre-application discussions with the EPA to submit for Class VI Primacy.
What’s clear: Streamlining the permitting process and removing obstacles for the deployment of carbon capture is crucial for the success of this technology and to get CO2 safely stored underground.
Plug in: America’s first CCS project developed under state Class VI primacy, an ethanol plant in North Dakota, began operation last summer. In 2018, ND became the first state to secure Class VI primacy, and now Red Trail Energy is capturing 100% of emissions from its ethanol fermentation process and injecting approximately 500 metric tons of CO2 into storage wells per day.
6. Swiss CO2 removal leader pitches Gulf Coast hub
Climeworks is looking to submit up to four funding proposals for DOE’s $3.5 billion in funding made available in IIJA for the direct air capture (DAC) hub program;
They were the operator of the world’s first DAC and storage facility; and have
Ambition to remove 1 billion tons of CO2 per year by 2050.
What’s clear: America is attracting more competition to reduce emissions while leading the world to deploy clean technologies.
7. ClearPath expanding operations team
ClearPath is hiring for a new role and a new program! This is an exciting opportunity to help us build something from the ground up. A mix of program strategy and execution, this role will help us foster the next generation of talent to further accelerate clean energy innovation and climate policy.
Centrus announced it has completed construction of a cascade of advanced uranium enrichment centrifuges and is on track to begin demonstrating first-of-a-kind production of High-Assay, Low-Enriched Uranium (HALEU) in Piketon, Ohio, by the end of 2023.
Nuclear energy may be the best bet for bipartisan permitting reform policy this year, according to an article in E&E News.
Yesterday, the Tennessee Valley Authority Board of Directors announced plans to move forward with a Valley Pathways Study that will look at all potential technological innovations that could accelerate the region’s clean-energy economy.
