{"id":23593,"date":"2022-05-05T08:28:13","date_gmt":"2022-05-05T12:28:13","guid":{"rendered":"https:\/\/saperemarketing.com\/clearpath\/?p=23593"},"modified":"2023-11-09T15:22:49","modified_gmt":"2023-11-09T15:22:49","slug":"a-natural-gas-innovation-success-story-from-public-private-partnerships","status":"publish","type":"post","link":"https:\/\/saperemarketing.com\/clearpath\/our-take\/a-natural-gas-innovation-success-story-from-public-private-partnerships\/","title":{"rendered":"A Natural Gas Innovation Success Story from Public-Private Partnerships"},"content":{"rendered":"\n<p>Investing in clean energy innovation pays off. All major advances in new energy technology, from oil to nuclear energy to renewables, had serious government support in their early stages \u2013 even the hydraulic fracturing revolution that caused the natural gas boom. All of these have led to American energy independence. Early-stage government support launched a $100 billion annual market. Not a bad return.<\/p>\n\n\n\n<div class=\"video-container video-16x9\"><iframe title=\"From $10 to $100 Billion: A Natural Gas Innovation Success Story from Public-Private Partnerships\" src=\"https:\/\/www.youtube.com\/embed\/1yHthSjiQ8E?feature=oembed&amp;enablejsapi=1&amp;theme=light&amp;color=white&amp;rel=0&amp;controls=0&amp;showinfo=0&amp;iv_load_policy=3\" width=\"100%\" height=\"100%\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n\n\n\n<p>We often hear about public-private partnerships in the clean energy space, and for good reason. <a href=\"https:\/\/saperemarketing.com\/clearpath\/tech-101\/hydraulic-fracturing-a-public-private-rd-success-story\/\">Hydraulic fracturing<\/a> is one of the biggest success stories on this front \u2014 thanks to research, development, and deployment efforts supported by the Department of Energy (DOE), a breakthrough made by a Texas entrepreneur in the 1970s has become the most affordable source of 24\/7 power in America.<\/p>\n\n\n\n<p>George Mitchell figured out how to break up shale rocks to release the natural gas stuck inside. This process, known as hydraulic fracturing, initially got off the ground with support from DOE, which cost-shared research, development and demonstrations in the 1970s and 1990s, as well as tax credits from the 1980s to early 2000s.<\/p>\n\n\n\n<p>Combined-cycle natural gas turbines now produce 24\/7 reliable, affordable power. That early stage investment and production tax credit, together more than $10 billion, both expired as the technology matured. Now we have a $100 billion annual shale gas market in America, and saw emissions lower by 20% in the U.S. between 2005-2020.<\/p>\n\n\n\n<p>There are many parts of our energy and industrial system where we don\u2019t yet have a cheaper clean alternative \u2014 which is why we need to continue the innovation we\u2019re already doing \u2014 but much more is needed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investing in clean energy innovation pays off. All major advances in new energy technology, from oil to nuclear energy to renewables, had serious government support in their early stages \u2013 even the hydraulic fracturing revolution that caused the natural gas boom. All of these have led to American energy independence. Early-stage government support launched a $100 billion annual market. Not a bad return.<\/p>\n","protected":false},"author":296,"featured_media":23592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"wds_primary_category":19,"footnotes":""},"categories":[19],"tags":[17,28,33],"class_list":["post-23593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-our-take","tag-innovation","tag-natural-gas","tag-video"],"acf":[],"_links":{"self":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/posts\/23593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/users\/296"}],"replies":[{"embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/comments?post=23593"}],"version-history":[{"count":0,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/posts\/23593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/media\/23592"}],"wp:attachment":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/media?parent=23593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/categories?post=23593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/tags?post=23593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}