Made in America: Leveraging the United States’ Energy Strengths

By 2040, U.S. electricity demand may rise by 35–50%, equivalent to adding roughly three Texas’ worth of demand to the grid. Meanwhile, China added 475 GW of new generation in 2024 alone. By comparison, the U.S. added 48 GW, barely one-tenth of China’s additions. To win the AI race and secure U.S. energy dominance, America must deploy more energy – faster and at a greater scale. Fortunately, American companies are seizing the opportunity.

For the fourth consecutive year, ClearPath partnered with the American Petroleum Institute (API) to showcase the advanced, next-generation energy technologies that are driving U.S. energy leadership. This year’s Carbon Innovation Forum underscored how America can leverage its innovation advantage to strengthen energy security, bolster manufacturing and maintain leadership in affordable, low-emissions energy.

The Carbon Innovation Forum convened senior government officials, energy executives, investors, project developers and thought leaders to discuss how the U.S. energy industry is innovating advanced energy technologies and resources – from enhanced geothermal and advanced nuclear to critical minerals and carbon capture and storage (CCS). Together, these innovations can deliver affordable, reliable, low-emissions energy, strengthen supply chains, create high-quality American jobs, and expand U.S. exports and global market influence.


American Energy Dominance

Jeremy Harrell, CEO, ClearPath moderates a fireside chat with Jarrod Agen, Executive Director, NEDC

Jarrod Agen, Executive Director of the National Energy Dominance Council (NEDC), kicked off the event and shared a central message to execute the Trump administration’s clear mandate: get shovels in the ground for projects that boost U.S. energy dominance and strengthen the grid.

Federal support for innovation and project development has already delivered landmark breakthroughs — like hydraulic fracturing — that transformed U.S. natural gas into a global export strength. Today, liquefied natural gas (LNG) is at the heart of the Administration’s energy dominance agenda. European allies have made their position clear — they want America’s lower-emissions LNG rather than Russian gas. In order to capture growing market demand, we need to unlock LNG exports and build supporting infrastructure, such as pipelines and export terminals. With LNG exports projected to grow nearly 10% annually through 2030, projects like Commonwealth LNG and Venture Global’s CP2 facility are central to the United States’ ability to supply allies and seize new market opportunities abroad.


Let America Build

If we want America to lead the world and develop more clean energy, developers must first have a clear path to obtaining permits.

Emily Domenech, Executive Director of FPISC, and Lisa Epifani, Head of Policy, ClearPath

Emily Domenech, Executive Director of the Federal Permitting Improvement Steering Council (“Permitting Council”), shared how the Permitting Council is doing exactly that. They are executing the Administration’s energy dominance strategy by overseeing and leveraging the FAST-41 process, which will accelerate approvals for critical projects such as the Alaska LNG pipeline and several critical mineral projects. For some mining projects, timelines that once stretched three to five years are being cut to about one year. The Permitting Council has also underscored a central point: when projects are built in America, they are built better with higher environmental standards. 


A Roadmap for Geothermal

What our innovation ecosystem has done for American natural gas, it must now do for next-generation energy technology and manufacturing. To maintain competitiveness and meet rising demand with American-made energy, we must modernize permitting, invest in critical infrastructure from pipelines to transmission, provide market certainty with predictable incentives and strengthen public-private partnerships that accelerate deployment.

Geothermal power illustrates this opportunity. Though it accounts for less than one percent of today’s grid, the National Renewable Energy Laboratory projects geothermal could provide up to 90 GW of electricity by 2050. With support from DOE’s Utah FORGE site, developers are refining drilling techniques, lowering upfront costs, and drawing private capital. Geothermal technology demonstrates the importance of the oil and gas workforce by leveraging the industry’s century of expertise — applying advanced drilling technologies, engineering know-how, and on-the-ground project experience to unlock this technology and get steel in the ground. The One Big Beautiful Bill also retained incentives for geothermal technologies, supporting the expansion of a reliable, clean, base-load power source.


Clean American Manufacturing

Ammonia represents another opportunity. As both a critical feedstock for fertilizer and an energy carrier, ammonia is central to global food and energy security. Today, China is the largest producer of ammonia, but with abundant natural gas resources, advanced CCUS capabilities, and a highly skilled workforce, America is well-positioned to lead in low-carbon ammonia production. Expanding this sector would not only strengthen supply chains but also create new U.S. manufacturing jobs and export opportunities.

As these technologies mature, supportive infrastructure will be essential. Midstream assets — pipelines for CO₂ and natural gas, transmission for electricity — will determine whether projects move from concept to commercial reality. Modernizing permitting will give developers the confidence to put steel in the ground and scale technologies.

Illustrative 2050 CO2 Pipeline Network


De-risking Private Investment

Financing will be just as critical as engineering and permitting breakthroughs. Durable, predictable policy gives investors the confidence to back long-term projects, and public-private partnerships, such as those supported by DOE’s Loan Programs Office, help de-risk deployment and move first-of-a-kind technologies into the market. Together, these tools ensure the U.S. stays ahead of global competitors and leads in bringing the next wave of low-carbon technologies to market.

America’s energy producers, technology innovators and investors are ready to move the capital needed to maintain the United States’ competitive edge in global energy markets. America’s energy leadership depends on matching our strengths with durable policy, streamlined permitting, and long-term certainty that attracts capital and ensures the world’s energy innovations are driven from here at home.


Thanks to our speakers: Jarrod Agen, Executive Director, National Energy Dominance Council; Emily Domenech, Executive Director, Federal Permitting Improvement Steering Council; Mike Adams, SVP & Managing Director, 8 Rivers; Vikrum Aiyer, Head of Global Public Policy, Heirloom; Lee Beck, SVP, Global Policy and Commercial Strategy, HIF Global; Kevin Book, Managing Director, ClearView Energy Partners; Ed Crooks, Vice Chair of Americas, Wood Mackenzie; Linda Dempsey, Vice President of Public Affairs, CF Industries; Gavin Dillingham, Executive Advisor, Federal Affairs, SLB; Ryan Edwards, Director of Climate Policy, Oxy; Lisa Epifani, Head of Policy, ClearPath; Cody Finke, CEO, Brimstone; Seán Gallagher, Head of Climate and Sustainability, Woodside; Jeremy Harrell, Chief Executive Officer, ClearPath; Matt Kolesar, Chief Environmental Scientist, ExxonMobil; Michael Johnson, Vice Chairman of Investment Banking, J.P. Morgan; Tim Latimer, Chief Executive Officer, Fervo Energy; Bala Nagarajan, Managing Director, S2G Investments; Hillary O’Brien, Managing Director of Policy, ClearPath; Scott O’Malia, Chief Executive Officer, ISDA; Aaron Padilla, Vice President of Corporate Policy, API; Derek Phelps, Head of Policy and Governmental Affairs, Twelve; Andrey Shuvalov, Vice President Energy Transition and Integration, Shell; Sasha Stashwick, Director of Federal Affairs, Antora; Alix Steel, Principal, DrivePath; Niels Versfeld, VP of Corporate Development, Carbon Clean; Tim Vail, CEO, ION Clean Energy; and Rebecca Winkel, Director, Climate & Sustainability Policy, API.

 

 

Energy Financing Power: America vs. China

Put Energy Security at the Center of U.S. Foreign Policy

American innovation drives energy security, a key factor in geopolitical influence. The U.S. can leverage its energy abundance by putting energy at the center of its foreign policy strategy, mutually benefiting America’s partners while reducing global emissions and advancing U.S. national interests. As Secretary of State Marco Rubio made clear, energy will be “at the forefront of foreign policy for the next 100 years.” To meet this moment, the U.S. must lean into its strengths and create a coordinated, agile and effective energy diplomacy and delivery system. 

One way to do so would be through the bipartisan creation of Energy Security Compacts (ESCs) that align American technical assistance and financing tools to strengthen the Trump Administration’s work in elevating energy security as a core pillar of U.S. foreign policy.


Scattered Goals, Strategic Costs

The American foreign policy apparatus has become enormously cluttered. Institutions from the U.S. Trade and Development Agency (USTDA) to the Export-Import Bank of the U.S. (EXIM) work hard for the American people, but disjointedly toward scattered goals. 

On the other hand, American adversaries are speeding ahead. The Chinese Belt and Road initiative, led by state-backed or outright-owned corporations, deploys large amounts of capital in a coordinated effort. In Brazil, for instance, the largest Latin American economy, China has invested more than $60 billion into the nation’s energy sector since 2015. The Chinese Communist Party now controls over 12 percent of Brazil’s energy infrastructure. Meanwhile, the U.S. government’s foreign investment institutions have supported less than $472 million, with one of the main projects being a streetlighting system. Worthwhile, but not transformative or strategic. 

While trying to out-subsidize China is unrealistic and economically unsound, the U.S. needs to leverage its strengths. Countries want to work with the American private sector, which is the largest and most innovative in the world, but U.S. companies are at a disadvantage. For example, Egypt wanted to select American nuclear technology for its El Dabaa power plant, but ultimately had to go with Russian technology. America is the preferred vendor for many countries, including Ghana, Saudi Arabia and Indonesia, but private businesses can’t compete alone against heavily state-subsidized corporations. U.S. policies should level the playing field to support U.S. business and streamline bureaucracy so we can more effectively use the tools we do have.

Chinese energy finance from official sources is 10x more than the U.S. since 2015


From Bureaucracy to Strategy

The creation of the U.S. Development Finance Corporation (DFC) and the modernization of  EXIM under the first Trump Administration were strong steps towards a more proactive international policy. While those tools need to be sharpened further through their upcoming reauthorizations, the next step toward ensuring American energy dominance and global prosperity is to build an Energy Security Compacts mechanism to maximize the toolkit’s effectiveness.

America already has a model to build on. The Millennium Challenge Corporation (MCC) utilizes a compact framework that can serve as a platform to coordinate the interagency, advance American national security interests and support American energy innovations in foreign markets. These compacts would be bilateral, U.S.-led engagements designed to:

Imagine how this might work in a country like Brazil, a nation with vast reserves of rare earths that the U.S. needs for advanced manufacturing, energy and defense, but whose power grid is unreliable and vulnerable to droughts. An ESC would begin with a joint analysis of the country’s energy and infrastructure bottlenecks and result in a five to 10-year framework that channels existing U.S. tools toward projects that both strengthen Brazil’s grid and directly advance U.S. strategic and economic interests. 

This ESC would align American technical assistance and financing tools, some of which already operate on a cost-recovery basis and often return money to the U.S. Treasury. This could be designed to support a portfolio of complementary projects to build out mining capacity in commodities the U.S. needs and the energy infrastructure to support those projects and provide reliable power to Brazil’s interior. The USTDA could fund feasibility studies and early engineering work across the projects, while MCC provides grant capital for new transmission lines and capacity upgrades. The DFC could take equity stakes in new mining facilities, as it did with TechMet, supplied by EXIM-financed power plants built with American components, like in the Bahamas or Honduras. With the right alignment, these tools could offer more than fragmented assistance; they could deliver a unified, strategic alternative to America’s adversaries that reflects the full strength of U.S. innovation, partnership and purpose.

By combining diplomatic leadership from the U.S. State Department, commercial support from the Commerce Department and technical expertise from DOE, and the financing muscle from DFC and EXIM, an ESC with Brazil would help the U.S. compete more effectively with China. Therefore, strengthening critical supply chains in a fiscally responsible way. In short, this is a smart investment in American national interests, not just aid for Brazil.

Congress has an opportunity to work with the Administration to make this kind of scenario a reality, successfully replicated with America’s strategic partners and allies. Instead of reacting to Chinese and Russian efforts to corner global energy markets, U.S. efforts can proactively empower the private sector to unlock economic opportunity and advance our national interests for mutual benefit with our partners abroad. ESCs can be a bipartisan next step to build on America’s aim to lead the world in deploying affordable, reliable and clean energy systems, while recognizing the central role of energy security to geopolitical influence and reducing global emissions. 

 

Preventing Wildfires with Innovative Forest Management and Grid Technologies

In the United States, seasonal wildfires, which peak in late summer and early fall, are causing more damage and costing more money to manage than ever before. Since 1990, the annual area burned by wildfires has increased nearly 60 percent. This dramatic rise in fire size is most evident in the last decade, with three of the five largest wildfire seasons in the past 60 years occurring since 2015. Addressing this threat to our communities and critical infrastructure requires a technology-driven approach that prioritizes prevention and active management. 

The good news is that the technologies we need to reduce global energy emissions and keep America competitive are also essential to addressing wildfires, including innovations in advanced forestry practices and grid modernization.  These are reflected in a number of bipartisan policies, like the Fix Our Forests Act, that have been introduced in the 119th Congress to support innovation and technology that reduce wildfire risk while also creating jobs and building stronger rural economies. Additionally, the current administration is meeting the opportunities to tackle these challenges head-on. In June 2025, President Trump signed Executive Order 14308, “Empowering Commonsense Wildfire Prevention and Response,” to coordinate the government’s response to destructive wildfires and promote novel technologies and best practices. The EO prioritizes strengthening wildfire mitigation in a number of ways, including:

Policies to support interagency investments in research to build new forest product markets, actively manage forests, and expand DOE National Laboratory capacities to accelerate technology deployment are essential to addressing wildfire risk and supporting American foresters. By prioritizing American innovation, U.S. forests will become more resilient, create jobs for rural communities and reduce emissions.

Wildfires in the U.S. Are Burning More Land

Source: NASA, using data from the National Interagency Fire Center


Innovation Strengthens the U.S. Forest Product Industry and Incentivizes Wildfire Mitigation Practices

Active forest management is fundamental to maintaining healthy forests because it prevents overcrowding, which can make forests susceptible to wildfire, disease, drought and detrimental pests. This is important because healthy American forests provide essential economic and environmental benefits like timber, bioenergy, wildlife habitat and watershed protection. Active forest management includes:

American foresters recognize the value of actively managed forests for keeping forests healthy and resilient to wildfire risks. Thus, continued support from the federal government, through agencies like USDA and DOI, can further incentivize active forest management by building new and robust forest product markets. For instance, the U.S. Forest Service houses the Forest Products Laboratory, a vital research facility that advances wood utilization research in collaboration with American industry, research institutions, and government agencies. These new uses of woody biomass include:

The U.S. Forest Service also recently invested $80 million in the Wood Innovation Grants program to support research and development of technologies that utilize low-value timber from mechanical thinning, expand wood product manufacturing and promote active forest management to ensure wood as a sustainable building material.


Grid Modernization Technologies Can Reduce Wildfire Risk & Enhance Reliability

Innovative grid technologies offer significant benefits in wildfire mitigation beyond their essential role in meeting electricity demand growth and enhancing grid efficiency. For decades, DOE has played a crucial role in commercializing these technologies through national laboratory testbeds, competitive awards for private-sector innovators, support for public-private demonstration projects and technical assistance for industry. As a result, utilities nationwide are increasingly adopting innovative grid technologies as part of a comprehensive toolkit to reduce power-system ignition risks and minimize service disruptions from wildfires by:

Source: CTC Global, an advanced conductor that endured a fire in Nevada and was able to be reused

Innovative forest management and grid modernization technologies are a vital part of the comprehensive wildfire toolkit, offering benefits for mitigating wildfire risk and making our critical infrastructure more secure and the American bioproducts industry more competitive. 

Federal agencies like USDA, DOE, and FERC have an important role to play in driving innovation in these essential technologies, not just for this season – but for decades to come. Supporting these agencies by expanding test-bed capabilities and access at National Laboratories, providing competitive awards for early-stage innovators and accelerating technology de-risking through public-private partnerships and technical assistance are essential to keeping American foresters and utilities at the forefront of addressing wildfire risk. 

 

Clean Baseload Power: A Politically Durable Energy Agenda

ClearPath was founded in 2014 to fill the whitespace in the energy debate. Plenty of technology and industry-specific organizations existed. But who was working on an American innovation agenda and policy strategy focused on building clean, baseload energy? And, more specifically, who were the conservative voices? 

That’s where ClearPath founder Jay Faison stepped in: “I want conservatives to be leaders on clean energy—from nuclear to hydropower to clean fossil fuels—both to improve the environment and strengthen real conservative leadership.” 

Today, politics remain polarized, and there is still healthy debate over which technology is the best, most affordable way to meet growing demand. 

Instead of falling into the false choice trap of fossil fuels versus renewables, or the economy versus the environment, we espouse choosing markets over mandates and innovation over regulation. 

And now, as the post-One Big Beautiful Bill dust settles, an actual clear path for a politically durable American energy system has emerged.

Amidst the political noise, a quiet, bipartisan consensus has formed around a critical piece of America’s energy future: clean, firm, 24/7 energy technologies.

Both parties recognize that if we want to maintain a reliable grid, meet growing electricity demand to win the AI race, and reduce emissions, we need firm, always-on clean power.

This is where technologies like advanced nuclear, carbon capture, hydropower, fusion and enhanced geothermal systems come in. These solutions can provide round-the-clock electricity. And crucially, they have gained champions on both sides of the aisle. Recent federal policies prove the point. The Energy Act of 2020, which had strong bipartisan support in Congress and was signed into law by President Trump, authorized research, development and deployment policies for clean, firm power. 

The Infrastructure Investment and Jobs Act of 2021, passed with bipartisan support and signed by President Biden, dedicated billions to fund demonstrations of those technologies authorized in the Energy Act of 2020. 

The Inflation Reduction Act, driven by Democrats in 2022, and One Big Beautiful Bill, by Republicans this year, both have one thing in common — support for new nuclear, long-duration energy storage, carbon capture, geothermal and hydropower, or, as we’ve already said…clean, 24/7 reliable energy. 

At the same time, Republican-led states like Wyoming, Utah, Louisiana and West Virginia are actively partnering with private developers to host small modular nuclear reactors and carbon capture projects, while Democratic strongholds like California, New York and Michigan are extending the life of their nuclear plants to keep clean, reliable power on the grid.

The motivation is not ideological; it’s practical. A manufacturing renaissance, more electrification of buildings and industry, and a data-driven economy all require massive amounts of reliable electricity. Without 24/7 power, renewables alone cannot meet that demand without risking blackouts or skyrocketing costs. And while we want to see more fossil fuel power plants with carbon capture get built, supply chains and infrastructure challenges make meeting the entire demand challenging. 

Policymakers in both parties are seeing the same reality: the U.S. must invest in American-made technologies that can run all day, all year.

The alignment is not just good for political discourse; it’s good for American energy dominance. China and Russia are aggressively deploying advanced nuclear and other clean energy infrastructure around the world. To beat them, we must diversify our innovations and accelerate the deployment of technologies at home while opening up new global buyers of American-made energy. 

At the same time, the drumbeat for modernizing energy permitting is getting louder and for good reason. If we want America to lead the world and develop more of the clean, baseload power that has bipartisan support, developers must have a better path to obtaining permits. 

Energy policy may never be completely free from partisanship, but we should not lose sight of the common ground that now clearly exists. When it comes to keeping the lights on, powering the economy and new AI, and lowering global emissions, clean 24/7 energy is one issue where America can still move forward together.

 

20 Years Since the Energy Policy Act of 2005

It is hard to believe that this month marks 20 years since Congress passed the Energy Policy Act (EPAct) of 2005. EPAct 2005 focused on increasing energy supplies, building energy infrastructure and driving investment in American innovation. While it was far from perfect, EPAct was bold and set the stage for U.S. energy dominance. Congress can build on the lessons from EPAct 2005 and continue to deliver energy policy that moves our nation forward.

When EPAct 2005 was crafted, the country was facing complex energy issues. We were grappling with the impacts of the 2003 Northeast Blackout, which affected more than 50 million people and caused an estimated $10 billion in economic losses. There were growing concerns about too much dependence on foreign oil and gas. The nuclear industry was in need of a serious revival to meet its potential. Innovative technologies were struggling to get the financing needed to achieve speed and scale. Congress took these challenges and turned them into opportunities.

Some key provisions of EPAct 2005 included:

Today, the saga of challenging energy issues continues. Our grid must be ready to meet increased demand driven from data center growth, industrial reshoring and widespread electrification while also dealing with aging infrastructure, the complexity of integrating variable resources and an evolving regulatory landscape. Permitting hurdles remain a major barrier to building critical energy infrastructure. Innovative technologies still need strong public-private partnerships to bridge the commercialization gap and scale to competitive solutions. These challenges set the stage for the next opportunity for energy leadership.

Forecast of Data Center Demand Growth by 2030

Adapted from DOE’s Resource Adequacy Report (2025), underlying data from EPRI, McKinsey & Company, LBNL, S&P

Congress has shown in EPAct 2005 as well as the Energy Act of 2020 that it can deliver broad, bipartisan energy policy. It is time for an updated big, bold, bipartisan energy bill.  

The following are examples of policies that can address today’s energy challenges:

Streamline Permitting: Outdated permitting processes are jeopardizing critical infrastructure development. Bills like the SPEED Act, introduced by House Natural Resources Chairman Bruce Westerman (R-AR) and Rep. Jared Golden (D-ME), can help modernize NEPA to reduce duplication, increase transparency and reform judicial and litigation practices. The administration and legislation proposals like the FREE Act introduced by Sen. Lummis (R-WY) and Rep. Maloy (R-UT) have also highlighted the potential for using a regulatory tool called permit-by-rule to expedite permitting, which is a process that allows certain activities to proceed without undergoing a full individualized permit review, as long as they meet predefined criteria.

Improve the Grid:  American energy security, AI leadership and manufacturing competitiveness require a robust transmission system. Transmission siting and permitting improvements could streamline grid expansion while balancing and fully respecting states’ roles in the process. Innovative grid technologies and transformer manufacturing deployed at scale would also help optimize the grid. Safeguarding the grid, such as through the work of DOE’s Office of Cybersecurity, Energy Security and Emergency Response (CESER), is also critical.

Strengthen Pipelines: A modern pipeline system is essential to deliver reliable, affordable energy to homes and industry, including AI data centers. Policy ideas like the Next Generation Pipelines Research and Development Act, which passed the House on a bipartisan basis in the 118th Congress and was reintroduced in April 2025 by Reps. Randy Weber (R-TX) and Deborah Ross (D-NC) would support the build-out of all types of pipelines, such as natural gas, LNG, petroleum, carbon dioxide, hydrogen and more. There are also opportunities to update some safety regulations for pipeline infrastructure.

Expand Critical Minerals: Critical minerals are essential to America’s energy security, industrial base and national defense. President Trump’s March 2025 Executive Order prioritized U.S. mineral production and directed DOD and DOI to accelerate support for mining and processing. There have also been several legislative efforts in the 118th and 119th Congress that seek to accelerate permitting for mining projects, boost R&D and strengthen strategic mineral partnerships and finance domestic mineral supply chains. Some examples include: the Critical Mineral Consistency Act, the Mining Regulatory Clarity Act, the Unearth Innovation Act and the STRATEGIC Minerals Act.

Expand Nuclear: Building more clean, firm nuclear power is essential for national and economic security. Bills like the Accelerating Reliable Capacity (ARC) Act introduced in the 118th Congress by Senator Risch (R-ID), or a similar policy, can spur nuclear deployment by addressing cost uncertainty and reducing investment risk. Also, continued funding for the DOE’s Advanced Reactor Demonstration Program (ARDP), first authorized in the Energy Act of 2020, has supported ongoing nuclear energy projects and their fuel supply chain.

Promote Geothermal: Next-generation geothermal technologies have the potential to expand beyond the Western U.S. to provide emissions-free, reliable baseload power all across the country and leverage up to 200,000 existing American jobs in the oil & gas sector. The Trump DOE has prioritized funding for project demonstrations. Innovators have already shown great success, like reducing drilling times by more than 70 percent. Bills like the GEO Act, introduced in the 118th Congress by Sens. Lee (R-UT) and Heinrich (D-NM), can streamline federal permitting requirements and apply best practices to unlock additional deployments of these next-generation projects. The energy unlock that EPAct 2005’s categorical exclusion provided for certain oil and gas activities on federal lands could be replicated for geothermal.

Reshore Manufacturing: Meeting infrastructure needs requires producing and deploying core building materials at scale and speed. Bills like the Concrete and Asphalt Innovation Act (CAIA), introduced in March 2025 on a bipartisan basis by Sens. Coons (D-DE) and Tillis (R-NC), are designed to bring innovative cement and asphalt technologies to market faster, increase domestic production and meet the demand for 1 million tons of cement by 2028, triggered by AI data center development.

Accelerate Carbon Technologies: Industrial innovation includes carbon management innovation. Bipartisan bills like the Carbon Removal and Emissions Storage Technologies Act (CREST), introduced in the 117th and 118th Congresses, would authorize DOE’s carbon removal innovation efforts and help keep American companies ahead of global competitors. By driving private investment and reducing costs to meet growing demand, CREST can help build a trillion-dollar American industry capable of delivering gigaton-scale removals by 2050.

Strengthen Global Leadership: In order to advance U.S. national interests, level the playing field for American businesses and solidify global leadership in key energy sectors, strategic enhancements are needed at the U.S. International Development Finance Corporation (DFC) and the Export-Import Bank of the U.S. (EXIM). The DFC authorization expires in October 2025 and the EXIM authorization expires in December 2026. These are financing tools designed to secure U.S. energy leadership and push back against China’s aggressive, state-funded energy expansion.

 

Unleashing U.S. Energy: Lessons from Iceland

Energy security is a key factor in securing any nation’s economy, and countries like Iceland are taking it to the next level. In under a century, Iceland went from one of the European Union’s poorest economies to one of the wealthiest by utilizing what was already under its feet: an abundance of easily accessible energy, in the form of geothermal and hydropower resources.

L-R: ON Power Representative, Ólafur Elínarson, Luke Bolar, Amanda Sollazzo, Hillary O’Brien, Hali Gruber, Dillyn Carpenter, Andrew Kelley, Ryan Mowrey, Adam Stewart, Kári Valgeirsson, Lucy Sadler, Kiddi Haflidason, Ayla Neumeyer, Alexandra Slocum, Ken Klukowski, Jeremy Harrell, Sara Lind Guðbergsdóttir, Andy Zach, Matt Mailloux, Andrew Fishbein

Iceland has some of the shallowest geologic heat reservoirs in the world and a landmass that is more than 10 percent glaciers. ClearPath’s educational series, the Clean Energy Innovation Academy, explored Iceland’s unique clean energy infrastructure with Congressional staff, learning about real energy projects and cutting-edge innovations. We traveled with 10 U.S. Senate staff to study Iceland’s grid, powered  by 70% hydropower and 30% geothermal energy. Many of Iceland’s geothermal plants are co-located with industrial parks and facilities, a successful model many U.S. energy developers are interested in to power emerging manufacturing facilities or data centers. The educational visit included:

Climeworks’ Mammoth facility, the world’s largest Direct Air Capture (DAC) facility designed to capture up to 36,000 tons of CO₂ a year.

In the 1930s, Iceland made a change from importing oil and coal to meet its electricity and home-heating needs to embracing its own geologic resources by building out geothermal and hydropower capacity. This strategic shift delivered lower energy costs for consumers, highlighting the immense value of harnessing domestically abundant natural resources. They credit low-cost energy for their economic growth. In the same way,  the U.S. can continue to advance and achieve global energy leadership, by investing in drilling technology and next-generation power generation.

The U.S. energy landscape currently features a diverse mix, with significant contributions from natural gas and coal, alongside a growing share from geothermal. According to the U.S. Energy Information Administration (EIA), currently, the U.S. has 4 Gigawatts of geothermal electricity plants in operation, making it the world leader in installed geothermal power capacity. While this is roughly a quarter of the worldwide geothermal capacity, it’s less than 1 percent of our grid. As energy producers and customers look to grow capacity,  the geothermal industry is successfully adapting technologies pioneered by the oil & gas industry to unlock previously inaccessible geothermal power resources in the U.S. 

This existing capacity, combined with our vast untapped potential, provides opportunities for the U.S. to meet rising energy demand. With U.S. electricity demand projected to surge by 35-50% by 2040—the equivalent of adding three Texas-sized grids—the U.S. must pursue an energy strategy that leverages every reliable, baseload power source available. While Iceland operates a nearly 100% renewable grid, the success of that grid is due to the 100% baseload, 24/7 power characteristics of geothermal and hydropower sources. That works for a small nation of approximately 350 thousand citizens. The U.S. – with a population of 350 million – cannot replicate this formula exactly, but we can continue to learn how to utilize all natural resources, like geothermal and hydropower, but also fossil energy and critical mineral resources to meet our growing energy needs and secure America’s future.

The insights gained from Iceland’s proactive approach to harnessing its resources, streamlining processes, and fostering innovation are a look at what’s to come for the U.S. as we seek to meet surging energy demands, diversify our grid, and cement our leadership in critical technologies. 

Powering Up: CCLP Fuels Next-Gen Energy Leaders

For over a decade, ClearPath has advanced clean energy solutions. In a city where people are policy, we envision a future where policymakers have the talent, expertise, and support needed to lead on clean energy. 

To build this next generation of talent, ClearPath launched the ClearPath Conservative Leadership Program (CCLP). Designed to identify, recruit, and place talent across Washington, CCLP is driving forward our mission of accelerating American innovation to reduce global energy emissions. 

The ClearPath Conservative Leadership Program (CCLP) hosted its second annual professional development event for interns, fellows and young professionals interested in clean energy policy. Attendees at “Powering Your Energy Career: Connections and Conversations for Emerging Energy Professionals in Washington” learned from energy policymakers and key stakeholders about clear paths to accelerate their energy careers. 

The event participants engaged in many educational activities related to the energy sector, ranging from a fireside chat with Representative Juan Ciscomani (R-AZ) on navigating D.C. and tips for a successful energy career, to an interactive workshop on designing and participating in Congressional hearings.

Rep. Juan Ciscomani (R-AZ) and ClearPath advisor Kristen Soltis Anderson

At this event, Rep. Ciscomani, who has consistently championed conservative clean energy policies in Congress, stressed the importance of young people’s involvement in clean energy advocacy. He also spoke about the significance of finding “win-win” policy objectives that benefit both the environment and the U.S. economy.

Participants then worked through a mock Congressional hearing, led by Natalie Houghtalen, Senior Policy Advisor at ClearPath. Congressional hearings play a role in most D.C. careers. This workshop highlighted the complex nature of hearings by allowing attendees to participate in a “mock” hearing from a Member’s or witness’ viewpoint, focusing on issues such as permitting reform, and scaling up clean, firm baseload technologies like nuclear power and next-generation geothermal to meet rising demand. 

Participants during the mock hearing

This simulation provided an excellent opportunity to hone skills beneficial in D.C., and analytical and critical thinking skills that are important at every job. 

Event participants had an opportunity to hear from global leadership consultant Steven Van Cohen, who discussed the best practices to build credibility in professional environments.

(L-R): Kristen Byrne, Executive Director of Government Relations at EEI; Daniel Dziadon, Deputy Chief of Staff for Rep. Frank Lucas (R-OK); Molly Ross, Senior Public Affairs Advisor for Holland & Knight; Emily Johnson, Senior Director of External Affairs for ClearPath.

The event concluded with a panel featuring three D.C. professionals with a wealth of experience in energy on and off the Hill. The panelists highlighted that whether pursuing a career on Capitol Hill, in the private sector, or shaping policy, there are many pathways to contribute to an affordable, clean, and reliable energy grid – both in D.C. and beyond.

Each panelist started on Capitol Hill as an intern more than one decade ago, and now, one is at a trade association, one at a lobbying and law practice, and one is a lead staff member on the Hill. From the challenges and rewards of exceeding expectations in a high-stakes environment to the transition to different career stages, the advice imparted by the panelists was inspiring. 

The “Powering Your Energy Career” professional development event has successfully equipped the next generation of clean energy leaders with invaluable insights, practical skills and crucial connections to confidently pursue and continue their careers in the clean energy sector.

The CCLP is designed to identify future leaders, help them develop professionally and find opportunities on Capitol Hill to advance clean energy issues. To keep the United States as the top innovator in clean energy technology while reducing global emissions, the program aims to fill key policy roles on Capitol Hill with savvy, passionate individuals.

If you are on the Hill and your office would benefit from having a ClearPath fellow in your office, reach out to Dana Faught dana@clearpath.org.

Sean Wiesemann is the ClearPath external affairs intern for summer 2025.

Fusion 101

Energy Incentives Will Unlock Energy Dominance (The Washington Times)

This op-ed was originally published by The Washington Times on April 28, 2025. Click here to read the entire piece.

The first 100 days of the new Trump administration have reshaped the energy landscape. Reliable, affordable energy is a top priority as the president seeks to unleash a new era of American energy dominance. Lower energy prices can usher in a true golden age for U.S. consumers. Done well, this agenda can also reduce global carbon dioxide emissions.

This dynamic is underscored by the president’s work to recruit new artificial intelligence and data center investments to the U.S. These investments can lead to economic development and will require rapid energy demand growth when paired with an American manufacturing resurgence, increasing U.S. energy demand by as much as 18% over the next decade, according to data from the North American Electric Reliability Council. Energy prices are one of the most important cost drivers in these energy-intensive industries.

A rapid increase in supply is required to maintain affordable costs for all American consumers. The U.S. must rapidly deploy all types of new American power. To effectively deploy these new technologies at speed, the administration will need to break down permitting barriers to accelerate the buildout of new energy infrastructure like pipelines, transmission, and other grid-enhancing technologies.

In addition to streamlining the permitting process to increase and maximize new investments, minimizing the tax burden on developers is another essential part of this equation. Maintaining low corporate rates is certainly going to help, but tax incentives also play an enormous role in minimizing investment risk and keeping prices low. Fortunately, some key incentives will not require drastic policy changes like the green new deal or a heavy-handed government regulation.

Existing incentives authored or supported by Republicans in Congress under current law are critical for American leadership in new, affordable, 24/7 American power. These forms of power include advanced nuclear, geothermal, hydropower, natural gas with carbon capture, and even new breakthroughs in fusion technology. Key incentives, like 48E/45Y technology-neutral electricity credit; the 45X advanced manufacturing credit; the 45Q carbon capture, utilization, and storage credit; and the 45V hydrogen credit, can reduce the costs for American producers and support the manufacturers and the mineral supply chain across the economy. Simply put, consumer prices go up if the U.S. doesn’t lower the tax and energy cost burden for American producers and manufacturers.

Click here to read the full article