{"id":38713,"date":"2023-09-01T16:49:47","date_gmt":"2023-09-01T16:49:47","guid":{"rendered":"https:\/\/saperemarketing.com\/clearpath\/?post_type=news&p=38713"},"modified":"2024-11-12T20:00:49","modified_gmt":"2024-11-12T20:00:49","slug":"38713-2","status":"publish","type":"news","link":"https:\/\/saperemarketing.com\/clearpath\/?news=38713-2","title":{"rendered":"ICYMI: Congress Approved Nuclear Breakthrough"},"content":{"rendered":"
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Welcome to your Friday Rundown for the week ending April 13. Feedback is always welcome at info@clearpathaction.org<\/span><\/strong><\/a>. <\/span>
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ICYMI: CONGRESS APPROVED NUCLEAR BREAKTHROUGH   <\/h1>\n\n

It\u2019s understandable to lose track of every nook and cranny in the massive budget deal Congress recently approved, including an important revision and extension of a key carbon capture incentive (more on that HERE<\/span><\/strong><\/a><\/span>).
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\nBut embedded in that deal was another update to the tax code too important to overlook. In fact, it is the most impactful congressional action to propel the future of nuclear energy in more than a decade.<\/span>
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\nClearPath\u2019s in-house nuclear guru Spencer Nelson breaks down the significance of this bipartisan fix to the 45J nuclear production tax credit, which will not only help complete the AP1000 reactor expansion at Georgia Power\u2019s Plant Vogtle but is also essential to helping next-generation small modular reactors and other more advanced technologies. <\/span>
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\nSpencer also explains why this 45J fix alone is likely insufficient to spur those advanced technologies. Among other needed steps: Securing a steady domestic uranium source, Nuclear Regulatory Commission reform, a fast-spectrum test reactor user facility, moonshot technology demonstration goals, indirect financing and a solution to nuclear waste storage. <\/span><\/p>\n\n

READ SPENCER\u2019S TAKE<\/span><\/strong><\/span><\/a>
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SENATE EPW TOUTS NEW BIPARTISAN CARBON CAPTURE PLAN <\/h1>\n\n

In advance of potential committee action, the Senate Environment and Public Works Committee held a hearing on the bipartisan USE IT Act (S. 2602<\/span><\/strong><\/a>)<\/span>, which would support carbon capture technologies through public-private partnerships, CO2 pipeline and other infrastructure improvements and R&D.
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\nEPW Chairman John Barrasso, lead sponsor of the bill, said he would work with lead co-sponsor Sen. Sheldon Whitehouse (D-R.I.) to ensure any amendments on the \u201cpromising\u201d measure would be \u201cbuilt on bipartisan consensus\u201d as it winds through the committee and broader Congress. It is a sequel from the same quartet of senators who led the FUTURE Act, which extended and further fixed the 45Q carbon capture tax incentive and was signed into law as part of the budget deal. \u201cIt was a huge milestone for us,\u201d Sen. Shelley Moore Capito (D-W.Va.) said of the bill sponsored by Sen. Heidi Heitkamp (D-N.D.). \u201cWe\u2019re now looking to the second phase to make sure that this technology can make it out to the field.\u201d <\/span>
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FURTHER READING: BARRASSO-WHITEHOUSE BILL CALLED “CRITICAL” – E&E NEWS<\/span><\/strong><\/a> <\/span><\/p>\n\n

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PERRY TO TOUT U.S. CARBON CAPTURE TECH IN INDIA<\/h1>\n\n

Energy Secretary Rick Perry said he will tout the potential of exporting U.S. carbon capture technologies in a trip beginning Friday in India. The conversation will center on India\u2019s continued growth in buying U.S. technologies to innovate their energy sector and carbon capture \u201cwill be part of that,\u201d Perry responded to Sen. John Hoeven (R-N.D.) at a Senate Energy and Water Appropriations FY19 budget hearing. \u201cWe want it to be U.S.-based resources as often as possible but we also want it to be as clean burning as it can be,\u201d Perry said.
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\nHoeven touted efforts in his state, including Project Tundra, which would retrofit an existing coal facility with carbon capture technologies. \u201cThis is the real solution. Not over regulation [but] technology and innovation,\u201d Hoeven said.<\/span>
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CHINA IS “BEATING OUR BRAINS OUT” ON BATTERY STORAGE<\/h1>\n\n

China is \u201cbeating our brains out\u201d in accelerating battery technologies, Sen. John Kennedy (R-La.) noted at the same hearing. Perry acknowledged that China is a \u201check of a competitor\u201d but that his department’s national labs \u201care what are going to keep us in the game.\u201d <\/span>
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\n\u201cThe answers will be found with our universities and our national labs working together on battery storage,\u201d Perry said.<\/span>
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NEWS NUGGETS<\/h1>\n\n

Perry this week also announced a request for proposals worth up to $1.8 billion to develop at least two new exascale supercomputers to be deployed at national labs by 2023. These could help identify next-generation materials and accelerate industrial product designs and reduce cost-to-market. ENERGY.GOV<\/span><\/strong><\/a> <\/span>
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\nClearPath Action joined 90-plus groups and universities in asking appropriators to fund ARPA-E at $375 million or more in FY19. \u201cARPA-E plays a unique and critical role in maintaining America\u2019s global leadership in energy technologies,\u201d the letter states. ARPA-E is a \u201chighly innovative and effective program which enjoys strong bipartisan congressional support,\u201d it adds. READ THE LETTER<\/span><\/strong><\/a> <\/span>
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\nTen teams from the U.S., China, India, Canada and Scotland are finalists for the $20 million NRG Cosia Carbon XPRIZE, a 4-year global competition to advance breakthrough technologies to convert carbon emissions from power plants to useful products. Five of those teams will compete to demonstrate conversion of CO2 emissions at a coal-fired power plant in Gillette, Wy. BUSINESS WIRE<\/span><\/strong><\/a><\/span>
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\nThe annual global energy storage market will be 8.6 GW and 21.6 GWh by 2022, according to a new GTM Research report. The U.S. is expected to stay at the forefront of the global market through 2022 but China will grow to be the second-largest market in 2019. <\/span><\/p>\n\n

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SPEED READ<\/h1>\n\n

\nCEO: Southern Company to be \u2018low to no carbon\u2019 by 2050 UTILITY DIVE<\/span><\/strong><\/a> <\/span>
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\nNew federal carbon credits might bring back some coal FORBES<\/span><\/strong><\/a> <\/span>
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THE PATH AHEAD<\/h1>\n\n

\nTUESDAY<\/span><\/strong> <\/span>House Energy and Commerce Energy Subcommittee hearing on FERC oversight and FY19 budget.<\/span> DETAILS<\/span><\/strong><\/a>
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\nTHURSDAY<\/span><\/strong> <\/span>ClearPath Executive Director Rich Powell joins other experts at an event on \u201cConservative Prescriptions on Climate Change\u201d hosted by Columbia University\u2019s Center on Global Energy Policy. DETAILS<\/span><\/strong><\/a><\/div>\n\n <\/td>\n <\/tr>\n <\/tbody><\/table>\n\t\t\t\t\n \n\t\t\t\t\n <\/td>\n <\/tr>\n <\/tbody>\n<\/table>\n \n \n
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Follow us on Twitter: @JayFaison1<\/span><\/strong><\/a>, @powellrich<\/span><\/strong><\/a>, @ClearPathAction<\/span><\/strong><\/a> <\/div>\n\n <\/td>\n <\/tr>\n <\/tbody><\/table>\n\t\t\t\t\n \n\t\t\t\t\n <\/td>\n <\/tr>\n <\/tbody>\n<\/table>\n \n \n
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\n CLEAN ENERGY. THE CONSERVATIVE WAY.<\/strong>\n <\/td>\n <\/tr>\n <\/tbody><\/table>\n <\/td>\n <\/tr>\n<\/tbody><\/table>\n\n\n\n\n <\/td>\n <\/tr>\n <\/tbody>\n<\/table><\/td>\n <\/tr>\n
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\n \n Copyright \u00a9 2018 ClearPath Action, All rights reserved.<\/em>
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