...most carbon efficient economies in the world. There are countless examples across the energy and industrial sectors, none larger in terms of scale than LNG. A recent life cycle analysis conducted by the Department of Energy’s (DOE’s) National Energy Technology Laboratory on U.S. LNG exports show that American LNG can be up to 30% cleaner than Russian natural gas. Annual...
...terms (i.e. historical terms), the United States also owns this problem more than any other country. Given that such is the case, it is imperative that we tackle American emission reductions as quickly as possible and help find a solution that will allow developing nations to easily choose clean energy. To do this, it is essential to prioritize investments that...
...the late Eddie Bernice Johnson (D-TX) teamed up on the Advanced Geothermal Research and Development Act to further geothermal innovation. At the same time, Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-AK) and then-Ranking Member Joe Manchin (D-WV) navigated the Advanced Geothermal Innovation Leadership Act through the Senate, with language explicitly calling out a geothermal energy demonstration “earthshot.”...
Looking ahead to 2018 The U.S. has upended the global oil and gas market thanks to the domestic shale revolution. We can dominate the clean energy market in the same vein, but to do it we need innovation and a long-term vision. 2018 is the year we can turn the corner. And we have to. Energy is the largest market...
...Road Initiative (a $1 trillion transportation and energy infrastructure construction project spanning the globe), 1,600 coal plants are scheduled to be built by Chinese firms in more than 62 countries. These coal projects are planned for populations much larger than their respective current populations, and will have a lifespan of 40 years on average, creating a long-term dependence on Chinese...
...of the Committee. My name is Rich Powell, and I am the CEO of ClearPath, a 501(c)(3) organization devoted to accelerating breakthrough innovations to reduce emissions in the energy and industrial sectors. To further that mission, ClearPath provides education and analysis to policymakers and collaborates with relevant partners to inform our independent research and policy development. Given this Committee’s vital...
...design to commercialization. Similar to the majority of proposed commercial advanced reactor designs, these three reactors will use High Assay Low Enriched Uranium (HALEU), or fuel enriched above 5 percent but below 20 percent. A challenge for vendors wanting to use HALEU is that there are currently no commercial U.S enrichment capabilities for HALEU, although there are short term production...
...want to use their expertise when they leave the service. Fewer nuclear plants means fewer post-Navy jobs and fewer applicants for Navy Nuclear Service. Service providers, suppliers and manufacturers, which keeps costs down Nuclear research facilities and advanced test reactors that are crucial to the safe, long-term operation of the naval fleet. If the overall market for nuclear declines, companies...
...(USNIC) has elected Jeff Merrifield to serve as Chair of its Board of Directors. Merrifield is the Nuclear Energy practice leader at Pillsbury and sits on the ClearPath Advisory Board. ClearPath’s Chief Strategy Officer, Jeremey Harrell, served as the Chair of the Board of Directors from 2020-2023 and will remain on the board in 2024 to fulfill his three-year term....
...make the credit more attractive for private investment. In 2018, recognizing that something needed to be done, Congress updated 45Q, increasing the credit value, lowering capture eligibility thresholds, and allowing DAC to be eligible for the incentive. The industry experienced additional gains when the Energy Act of 2020 established the research and demonstration programs for carbon capture that would ultimately...
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