{"id":37497,"date":"2018-01-04T11:26:08","date_gmt":"2018-01-04T15:26:08","guid":{"rendered":"https:\/\/saperemarketing.com\/clearpath\/?p=48"},"modified":"2024-02-19T15:48:48","modified_gmt":"2024-02-19T15:48:48","slug":"clean-energy-dominance-vision","status":"publish","type":"post","link":"https:\/\/saperemarketing.com\/clearpath\/our-take\/clean-energy-dominance-vision\/","title":{"rendered":"A Vision For Clean Energy Dominance"},"content":{"rendered":"\n<div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner \"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>It\u2019s January 2040, and under our newly sworn in 48th president, America is leading the world in clean energy technology. Thanks to a massive innovation boom, energy resources and technologies are our fastest growing exports, creating a global win-win that the left and the right fight over getting credit for:<\/p>\n<p><strong>Win 1: The world pays for advanced American energy technology, boosting our economy.<br>\n<\/strong><strong>Win 2: U.S. clean energy innovation makes existing global efforts to reduce carbon emissions more affordable.<\/strong><\/p>\n<p>The technology we invented in the 2020s overtook China\u2019s massive state energy industry, bringing back jobs by playing to our strengths in advanced manufacturing. We outflanked China.<\/p>\n<aside class=\"float-right\" style=\"text-align: center; padding-left: 20px;\">\n<p style=\"font-size: 20px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">America 2040:<br>\nExporting Advanced Nuclear and Solar Technology<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-5112 alignnone clearpath-lightbox-img lazyload\" data-share-key=\"5ive49nd7\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/c2ae51294beeb4094ca4f4638ba90739-us-nuclear-solar-01.jpg\" width=\"500\" height=\"259\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 500px; --smush-placeholder-aspect-ratio: 500\/259;\"><\/p>\n<\/aside>\n<p>Modular nuclear reactors built in highly automated factories and sent around the world revived our struggling nuclear industry from a near-death experience. Millions of printable solar panels were built in the Rust Belt, and are neck-in-neck with China\u2019s old-school photovoltaic solar. China is ahead of us in lithium-ion batteries, but they can\u2019t build advanced flow batteries for the grid or lithium-air batteries for cars at the cost or quality that we can. And no country can match our zero-emission fossil fuel technology. Energy technology joined Silicon Valley as an only-in-America success story that kept our economy growing.<\/p>\n<p><strong>How did we get there?<\/strong><br>\nWise policy decisions made in the late 2010s paid off slowly. Reinventing energy is slower than turning the Titanic. It requires 20-year lead times for cutting-edge technologies to mature. The 2010s were the decade of energy resource abundance. The easy choice would have been to be complacent with our current energy systems, do nothing else and hope nothing changes in the long-term. The hard choice would be to compete with China and invest in advanced technology, which is critical for long-term energy dominance, job creation and national security. This choice is the one America faces today. At ClearPath, we believe in the hard choice: Choosing breakthrough innovation, outcompeting the Chinese and investing for the long-term. This piece will address three questions that led us to supporting the hard choice.<\/p>\n<p><strong>1. Why focus on the Chinese Market?<\/strong><br>\n<strong> 2. Why involve the government?<\/strong><br>\n<strong> 3. Why not just do renewables?<\/strong><\/p>\n<p>The stakes of this energy choice are high.The world is moving its money to clean energy. All nations except the U.S. are aligned behind reducing carbon emissions and will now invest $10 trillion for cleaner electricity in the next 25 years.<sup><a href=\"#source-1\" class=\"sourceref\" id=\"cite-1\" tabindex=\"0\">1<\/a><\/sup> Nearly every one of our major sources of power, from oil to solar to gas, largely exist because government investment in research and development helped them break into the market. Advanced clean energy technology will be no different and the rewards could be even greater.<\/p>\n<p style=\"font-size: 20px; text-align: center;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">Chinese Premier Wen Jiabao: \u201cTo reduce carbon dioxide emissions on such a large scale<br>\nand over such an extended period of time will require tremendous efforts on our part.\u201d<\/span><\/p>\n<p>This is a trillion-dollar export opportunity, and we\u2019ve already let China take the lead. They\u2019re selling photovoltaic solar technology we originally invented from Berlin to Arizona, and they\u2019re planning more than 100 new nuclear plants while overtaking us in nuclear exports by 400%.<sup><a href=\"#source-2\" class=\"sourceref\" id=\"cite-2\" tabindex=\"0\">2<\/a><\/sup><\/p>\n<aside class=\"float-left\" style=\"text-align: center; padding-right: 20px;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"1cmbphit5q\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/f673118f5bd7b90ad391f09140d75627-2017-vs-2040-usa-china-india-01.jpg\" width=\"500\" height=\"416\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 500px; --smush-placeholder-aspect-ratio: 500\/416;\"><\/aside>\n<p>Additionally, we think carbon emissions are very risky. The conservative approach is to hedge against that risk with clean energy technology, focusing on China and India\u2019s growing pollution. As Mitt Romney put it: \u201cThey don\u2019t call it America warming, they call it global warming.\u201d<\/p>\n<p>If clean energy gets cheap enough, long-term climate goals can succeed. If not, developing countries such as China and India will choose economic growth over global climate promises every time and their pollution will negatively impact the rest of the globe. Even if America never rejoins a formal global carbon-reduction effort, we will still be the country that determines its success through our technology. China can keep building existing clean technology, but they aren\u2019t likely to invent the next breakthrough, which is what\u2019s eventually needed to deeply reduce pollution while keeping consumer costs low. The developing world wants energy that\u2019s cheap, clean and reliable. That technology isn\u2019t finished yet, and we can and should help raise the world\u2019s standard of living with our innovation.<\/p>\n<p>We believe electricity (our focus here at ClearPath) is the biggest piece of the global clean energy puzzle. Electricity is the common currency among the five big drivers of carbon emissions: The power sector, buildings, transportation, land use and industry.<\/p>\n<p>The rise of electric cars means that clean electricity is needed for clean transport. And the advanced nuclear and carbon capture technologies developed for clean electricity are critical for clean industry. Advanced nuclear is useful beyond electricity in that it can cleanly provide huge amounts of heat for steel and iron. Same with carbon capture, which can be applied to cement. Solar and nuclear power can work together to make hydrogen. By getting clean electricity right, you solve key problems for four of the big five.<\/p>\n<p>And we don\u2019t need to agree on the extent to which humans are causing climate change. Energy innovation is an economic no-brainer, given the trillions of dollars on the table. And coal needs to be able to thrive under carbon regulation so that it can survive a Democratic White House, which can and will use the Supreme Court decision that obligates EPA to regulate carbon dioxide. Carbon capture technology is the solution and the sure way to keep coal in business for the long term. And it will also preserve coal as an attractive export even in a world intent on reducing carbon.<\/p>\n<p>What would it look like today? We must supercharge innovation at our national labs and universities with our top scientists. We must connect this research with the private sector, helping them build demonstration projects and deploy first-of-a-kind plants. Then they can compete fairly against the incumbent technologies and succeed or fail on their own merits.<\/p>\n<p>As a bonus, this innovation-centric approach would allow America to cut its own carbon emissions much more cheaply than with the Clean Power Plan\u2019s top-down approach, which is something all should celebrate. And yet aside from folks like Bill Gates, little focus is given to this innovation-centered approach.<\/p>\n<p>To lay out our case, we will tackle the three most common objections to this innovation approach: First is China. Then the role of government. Last is renewables.<\/p>\n<hr>\n<p><strong><span class=\"bold\" style=\"font-size: 20px;\"><br>\n1. Why focus on the Chinese Market?<\/span><\/strong><\/p>\n<aside class=\"float-right\" style=\"text-align: center; padding-left: 20px;\">\n<p style=\"font-size: 20px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">China Emits More Carbon Than Us and Europe Combined&nbsp;<sup><a href=\"#source-3\" class=\"sourceref\" id=\"cite-3\" tabindex=\"0\">3<\/a><\/sup><sup>,<\/sup><sup><a href=\"#source-4\" class=\"sourceref\" id=\"cite-4\" tabindex=\"0\">4<\/a><\/sup><\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"d7zwwn55g\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/cbfbe59c774ad87902c16ee41bd1e9ae-china-carbon-emissions-01.jpg\" width=\"400\" height=\"288\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400\/288;\"><\/p>\n<\/aside>\n<p>At ClearPath, we take every one of our energy initiatives and then put it to a \u201cWhat about China?\u201d test. China is the biggest market for clean energy technology, our biggest competitor for technology exports and the world\u2019s biggest emitter.<\/p>\n<p>60% of the world\u2019s carbon capture retrofit potential (the cleaning up of existing coal plants) is in China.<sup><a href=\"#source-5\" class=\"sourceref\" id=\"cite-5\" tabindex=\"0\">5<\/a><\/sup> In 2016, China installed 42% of the world\u2019s new wind turbines, nearly triple what America built.<sup><a href=\"#source-6\" class=\"sourceref\" id=\"cite-6\" tabindex=\"0\">6<\/a><\/sup> And they\u2019re expected to build 40% of new wind, 27% of the new solar<sup><a href=\"#source-7\" class=\"sourceref\" id=\"cite-7\" tabindex=\"0\">7<\/a><\/sup>&nbsp;and 45% of the new nuclear plants through 2040.<sup><a href=\"#source-8\" class=\"sourceref\" id=\"cite-8\" tabindex=\"0\">8<\/a><\/sup> Of the $10 trillion energy market, China alone is projected to be worth $2.8 trillion.<sup><a href=\"#source-9\" class=\"sourceref\" id=\"cite-9\" tabindex=\"0\">9<\/a><\/sup> To dominate that market, we must sell technology to China and the developing world.<\/p>\n<p>Meanwhile, China is not just trying to supply their own energy technology, they\u2019re fighting for (and winning) that export market. They already dominate the solar panel market, manufacturing 60 GW of panels in 2017, equal to two-thirds of the global production capacity.<sup><a href=\"#source-10\" class=\"sourceref\" id=\"cite-10\" tabindex=\"0\">10<\/a><\/sup><sup>,<\/sup><sup><a href=\"#source-11\" class=\"sourceref\" id=\"cite-11\" tabindex=\"0\">11<\/a><\/sup> And they\u2019re making the same play for nuclear energy dominance. They\u2019re building 28% of the world\u2019s planned nuclear reactors, second only to Russia, and quadruple the struggling U.S. nuclear industry.<sup><a href=\"#source-12\" class=\"sourceref\" id=\"cite-12\" tabindex=\"0\">12<\/a><\/sup><\/p>\n<p>How is China is doing it? There\u2019s a three-legged stool of industrialization, government policy and innovation.<\/p>\n<p>China is the dominant industrial power and they\u2019ve turned that power to clean energy \u2013 constructing nuclear power plants and wind turbines rapidly \u2013 and are now building the world\u2019s biggest grid battery.<\/p>\n<aside class=\"float-left\" style=\"text-align: center; padding-right: 20px;\">\n<p style=\"font-size: 20px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">China fights for clean energy dominance:<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"103sa3nw8g\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/fd1b83a4b867cb4ebaa005c24097d6c0-china-clean-energy-dominance-01.jpg\" width=\"400\" height=\"397\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400\/397;\"><\/p>\n<\/aside>\n<p>America won\u2019t be able to beat China when it comes to cranes and massive construction. That\u2019s a big reason why China has overtaken us in nuclear power plant construction. Catching up will mean changing the playing field with new technology, not catching up on cranes and concrete.<\/p>\n<p>China has thrown the full force of government policy behind their clean energy technologies. Electric vehicles is one of their top 10 priority industries and they\u2019re aiming for an 80% local supply chain. Chinese electric car buyers receive up to $15,000 in incentives<sup><a href=\"#source-14\" class=\"sourceref\" id=\"cite-14\" tabindex=\"0\">14<\/a><\/sup>, while gasoline-powered car purchases are restricted in many cities<sup><a href=\"#source-15\" class=\"sourceref\" id=\"cite-15\" tabindex=\"0\">15<\/a><\/sup>, gas-powered motorcycles are banned<sup><a href=\"#source-16\" class=\"sourceref\" id=\"cite-16\" tabindex=\"0\">16<\/a><\/sup> and a new credit system will require 10% of car sales to be electric by 2019.<sup><a href=\"#source-17\" class=\"sourceref\" id=\"cite-17\" tabindex=\"0\">17<\/a><\/sup> Then there are all the policies that are hard to see in a state-run economy, including the preferential financing and guaranteed purchasing that China uses to pick and scale-up winners. And of course there\u2019s the protectionism and tariffs that China is famous for and which helps them to nurture domestic companies.<\/p>\n<aside class=\"float-right\" style=\"text-align: center; padding-left: 20px;\">\n<p style=\"font-size: 20px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">The scale is mind-boggling. In three years,<br>\nChina used more cement than America<br>\ndid in the entire 20th century.<sup><a href=\"#source-13\" class=\"sourceref\" id=\"cite-13\" tabindex=\"0\">13<\/a><\/sup><\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"yui8q2o04\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/9477a88fba303b89b4286b92b2fb246d-china-vs-us-cement-use-01.jpg\" width=\"400\" height=\"339\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400\/339;\"><\/p>\n<\/aside>\n<p>China is also prioritizing research and innovation, though the U.S. still at least holds the edge in innovation. U.S. basic research budgets and capacity still out-do China, and energy is no exception.<sup><a href=\"#source-18\" class=\"sourceref\" id=\"cite-18\" tabindex=\"0\">18<\/a><\/sup> But China is now beating us at development research \u2013 innovation that produces commercial products and manufacturing processes \u2013 and will soon have doubled our development research budget.<sup><a href=\"#source-19\" class=\"sourceref\" id=\"cite-19\" tabindex=\"0\">19<\/a><\/sup> Meanwhile, China graduates more scientists and engineers than any other country.<sup><a href=\"#source-20\" class=\"sourceref\" id=\"cite-20\" tabindex=\"0\">20<\/a><\/sup><\/p>\n<p>But the bulk of their effort is in the last leg of innovation, which often means commercializing technologies Americans invent. This effort includes finishing in 2018 the first high temperature gas reactor in decades and a Memorandum of Understanding to explore building another one for Saudi Arabia. Who invented that technology? We did, with General Atomics in 1966. America still holds a wide lead in technology innovation, even if we\u2019re losing the construction projects for our ideas.<\/p>\n<p>And that innovative edge is how we can dominate the market and advance clean energy throughout the world. China is doing manufacturing innovation. They\u2019re driving down construction costs. They have generous subsidies and state-led building projects that help commercialize new technologies. That includes the world\u2019s biggest battery: A 200 MW, 4-hour vanadium flow battery under construction.<sup><a href=\"#source-21\" class=\"sourceref\" id=\"cite-21\" tabindex=\"0\">21<\/a><\/sup><\/p>\n<p>But they haven\u2019t taken the lead in breakthrough innovation. That\u2019s America\u2019s almost-unique strength. That big vanadium battery relies on technology from our Pacific Northwest National Lab and China partnered with an American company to help build it.<sup><a href=\"#source-22\" class=\"sourceref\" id=\"cite-22\" tabindex=\"0\">22<\/a><\/sup><\/p>\n<p>China\u2019s basic manufacturing prowess means that we\u2019ll be importing Chinese technology and products for a long time. If we accelerate our energy innovation, we\u2019ll be able to balance this by exporting our inventions to China and India and the rest of the world. Breakthrough innovation and advanced manufacturing is our pathway to overtake China in the clean energy race.<\/p>\n<p>Right now China is beating us with clean energy technology we invented. But the next generation of technology, which is again coming out of America, plays to our strengths. We can\u2019t beat China on manufacturing iPhones but can at building printable solar panels, modular nuclear plants and carbon capturing fuel cells.<\/p>\n<hr>\n<p><strong><span class=\"bold\" style=\"font-size: 20px;\"><br>\n2. Why involve the government?<br>\n<\/span><\/strong><\/p>\n<aside class=\"float-right\" style=\"text-align: center; padding-left: 20px;\">\n<p style=\"font-size: 20px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">How Public R&amp;D Helped to Unleash Fracking<sup><a href=\"#source-23\" class=\"sourceref\" id=\"cite-23\" tabindex=\"0\">23<\/a><\/sup><sup>,<\/sup><sup><a href=\"#source-24\" class=\"sourceref\" id=\"cite-24\" tabindex=\"0\">24<\/a><\/sup><sup>,<\/sup><sup><a href=\"#source-25\" class=\"sourceref\" id=\"cite-25\" tabindex=\"0\">25<\/a><\/sup><sup>,<\/sup><sup><a href=\"#source-26\" class=\"sourceref\" id=\"cite-26\" tabindex=\"0\">26<\/a><\/sup><sup>,<\/sup><sup><a href=\"#source-27\" class=\"sourceref\" id=\"cite-27\" tabindex=\"0\">27<\/a><\/sup><\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"27zdcgwshd\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/e8134f95f805a92efa25fefb4194c9e6-public-rnd-fracking-01.jpg\" width=\"500\" height=\"411\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 500px; --smush-placeholder-aspect-ratio: 500\/411;\"><\/p>\n<\/aside>\n<p>When Silicon Valley innovates, it doesn\u2019t need the government. Why shouldn\u2019t energy companies be the ones to invest in research and bringing new energy technology to market? Unfortunately advanced nuclear isn\u2019t Uber and isn\u2019t created by two guys in their garage. Energy innovation takes decades to get from lab to market. It just wouldn\u2019t happen without the Department of Energy.<\/p>\n<p>All of our primary energy sources today were supported by government R&amp;D early on and in many cases tax credits to facilitate their initial commercialization: natural gas, coal, solar, nuclear, wind and oil.<\/p>\n<p>Energy research is a multi-billion-dollar opportunity to find the next fracking-like technology breakthrough. But without support, even a superior energy technology won\u2019t be able to break into the market because the incumbent technologies are too big to compete against and have a 50-year head start.<\/p>\n<p>What America needs is a technology-neutral approach to supercharging innovation and helping financing first-of-a-kind projects, such as the successful Petra Nova carbon capture project in Texas and the pending NuScale small modular reactor in Idaho. Then the new technology can succeed or fail on its own merits and on a level-playing field. That\u2019s the governmental role we need, and it\u2019s neither a command-and-control approach that picks winners, nor a do-nothing-and-hope approach. The potential rewards are great.<\/p>\n<p>Some upcoming energy breakthroughs already have received important help from the Department of Energy. Others still need much more to get to scale.<\/p>\n<p><strong><span class=\"bold\" style=\"font-size: 18px;\">4 Energy Technologies That Could Change the World<\/span><\/strong><\/p>\n<p><strong>NetPower \u2013 Demo plant: Early 2018<\/strong><\/p>\n<ul>\n<li>A North Carolina company designed a new power plant that captures all its carbon emissions and uses the carbon (rather than steam)<sup><a href=\"#source-28\" class=\"sourceref\" id=\"cite-28\" tabindex=\"0\">28<\/a><\/sup> to turn the turbine to make electricity.<\/li>\n<li>No carbon emissions from coal or gas, and it could be as efficient as a traditional power plant.<\/li>\n<li>Their 50-MW demo plant will be done in Texas in the next few months, and if all goes well, a full-size 295-MW plant in the next 5 years will test if this is the future of clean fossil fuels.<\/li>\n<li>The design could be licensed globally, selling American technology, and potentially be paired with our gas and coal exports, capitalizing on all of our energy expertise and resources to supply clean energy around the world.<\/li>\n<\/ul>\n<div style=\"text-align: center; padding: 1em 0;\"><\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid center\"><div class=\"center wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner \"><div class=\"wpb_wrapper\" style=\"text-align:center\"><div style=\"display:inline-block;width:100%;height:100%;max-width:640px;max-height:360px;\"><div class=\"video-container video-16x9\" style=\"text-align:center\"><iframe id=\"youtube-IG96UzxumoA\" width=\"100%\" height=\"100%\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"allowfullscreen\" type=\"text\/html\" volume=\"100\" src=\"https:\/\/www.youtube.com\/embed\/IG96UzxumoA?enablejsapi=1&amp;theme=light&amp;color=white&amp;rel=0&amp;controls=0&amp;showinfo=0&amp;iv_load_policy=3&amp;widget_referrer=https:\/\/saperemarketing.com\/clearpath\/our-take\/clean-energy-dominance-vision\/&amp;origin=https:\/\/saperemarketing.com\/clearpath&amp;hide_related=true\"><\/iframe><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner \"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><strong>Terrapower \u2013 Demo plant: Around 2030<\/strong><\/p>\n<ul>\n<li>Founded by Bill Gates, Terrapower is developing an advanced molten chloride nuclear reactor that could be cheaper, scalable and actually reduces nuclear waste instead of generating it.<sup><a href=\"#source-29\" class=\"sourceref\" id=\"cite-29\" tabindex=\"0\">29<\/a><\/sup><\/li>\n<li>With the help of a $40 million grant from DOE, Terrapower is developing the molten chloride reactor with Southern Company, aiming for a 2030 demo reactor.<sup><a href=\"#source-30\" class=\"sourceref\" id=\"cite-30\" tabindex=\"0\">30<\/a><\/sup><\/li>\n<li>In a prime example also of direct partnering with a U.S. company and technology, China completed a joint venture agreement with Terrapower to develop a world-first travelling wave nuclear reactor, which is a different technology from the molten chloride reactor being developed in the U.S.<sup><a href=\"#source-31\" class=\"sourceref\" id=\"cite-31\" tabindex=\"0\">31<\/a><\/sup><\/li>\n<\/ul>\n<p><strong>Perovskite Solar \u2013 Demo plant: Around 2018<\/strong><\/p>\n<ul>\n<li>Using a whole new material to capture the sun, called perovskite, we could make printable or paintable solar, potentially thinner and more efficient than today\u2019s solar panels.<\/li>\n<li>The National Renewable Energy Lab in Colorado is a world leader in this research.<sup><a href=\"#source-32\" class=\"sourceref\" id=\"cite-32\" tabindex=\"0\">32<\/a><\/sup><\/li>\n<li>The key challenge today is getting these panels to be durable so they last for decades instead of years.<\/li>\n<li>The first commercial use will come in the next few years, adding perovskite solar on top of silicon solar to make it more efficient.<sup><a href=\"#source-33\" class=\"sourceref\" id=\"cite-33\" tabindex=\"0\">33<\/a><\/sup><\/li>\n<li>Later could come pure perovskite solar panels, that could be as cheaply printed as newspaper.<\/li>\n<\/ul>\n<p><strong>FuelCell Energy \u2013 Demo plant: 2025<\/strong><\/p>\n<ul>\n<li>FuelCell Energy, now partnered with Exxon, found a way to produce electricity that filters carbon dioxide as a side-effect of producing clean power from a carbonate fuel cell.<sup><a href=\"#source-34\" class=\"sourceref\" id=\"cite-34\" tabindex=\"0\">34<\/a><\/sup><\/li>\n<li>The National Renewable Energy Lab in Colorado is also a world leader in this research.<\/li>\n<li>It\u2019s a power plant that eats pollution, and it can be attached to existing coal plants, like the 1000+GW of coal that China will have already built.<\/li>\n<li>The trick is a \u201cchemical bait-and-switch,\u201d where they run a natural gas fuel cell that uses power plant exhaust as an input. The fuel cell reaction then produces power and while capturing carbon.<\/li>\n<\/ul>\n<div style=\"text-align: center; padding: 1em 0;\">\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid center\"><div class=\"center wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner \"><div class=\"wpb_wrapper\" style=\"text-align:center\"><div style=\"display:inline-block;width:100%;height:100%;max-width:640px;max-height:360px;\"><div class=\"video-container video-16x9\"><iframe id=\"youtube-9i41P68YgOI\" width=\"100%\" height=\"100%\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"allowfullscreen\" type=\"text\/html\" volume=\"100\" src=\"https:\/\/www.youtube.com\/embed\/9i41P68YgOI?enablejsapi=1&amp;theme=light&amp;color=white&amp;rel=0&amp;controls=0&amp;showinfo=0&amp;iv_load_policy=3&amp;widget_referrer=https:\/\/saperemarketing.com\/clearpath\/our-take\/clean-energy-dominance-vision\/&amp;origin=https:\/\/saperemarketing.com\/clearpath&amp;hide_related=true\"><\/iframe><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner \"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \">\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<hr>\n<p><strong><span class=\"bold\" style=\"font-size: 20px;\"><br>\n3. Why not just renewables?<\/span><\/strong><\/p>\n<p style=\"font-size: 20px; text-align: center;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">\u201cWithout carbon capture we\u2019re going into\u2014the technical physics word is deep doo-doo\u201d -Obama Energy Secretary Steven Chu<\/span><\/p>\n<p>Liberals often claim that we already have the clean energy technology we need and the world can and should move to 100% renewable electricity. It\u2019s true that solar and wind are our fastest growing clean energy sources and they\u2019ve become economically viable in the last few years. But because of the variable and intermittent power the sun and wind produce, their economics change the more you build.<\/p>\n<aside class=\"float-right\" style=\"text-align: center;\">\n<p style=\"font-size: 20px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">The Race Between Solar Cost and Value<sup><a href=\"#source-36\" class=\"sourceref\" id=\"cite-36\" tabindex=\"0\">36<\/a><\/sup><\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"8hag5g2pe\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/16ded356e82f9b7f2c08c8ca65b4d137-solar-costs-and-value-01.jpg\" width=\"400\" height=\"373\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400\/373;\"><\/p>\n<\/aside>\n<p>There\u2019s a race between declining cost and declining revenue. First, the cost of solar and wind will decline as we build more: the technology improves and bigger factories can build panels and turbines cheaper. And at the same time, the revenue from the electricity they sell will decline. There already is so much electricity available on a sunny day in California, that electricity will sell for $0. But when solar and wind together make up around 50% of an electricity grid, they become much more expensive and challenging to integrate. As the National Renewable Energy Laboratory has shown<sup><a href=\"#source-37\" class=\"sourceref\" id=\"cite-37\" tabindex=\"0\">37<\/a><\/sup>, electricity actually gets wasted because there\u2019s so much surplus, even when you factor in the use of batteries to store power. It\u2019s unclear at where the tipping point gets serious exactly \u2013 30% solar and wind? 50%? 66%?<\/p>\n<aside class=\"float-left\" style=\"text-align: center; padding-right: 20px;\">\n<p style=\"font-size: 20px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">Solar in California Is Dropping in Value<sup><a href=\"#source-35\" class=\"sourceref\" id=\"cite-35\" tabindex=\"0\">35<\/a><\/sup><\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"f569zrjo1\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/b88e30f3b2ac93eb3024b81a7ecb412f-solar-value-in-cali-01.jpg\" width=\"400\" height=\"288\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 400px; --smush-placeholder-aspect-ratio: 400\/288;\"><\/p>\n<\/aside>\n<p>Batteries can solve part of this problem by storing electricity, but it would be too expensive to build enough batteries to store all the excess power. Batteries might be technically able to store the power, but they won\u2019t necessarily solve the economic problem of making a solar and wind electric grid cheap enough to work.<\/p>\n<p>In the most prominent 100% renewables scenario, America had to have storage equal to 37.8 billion Tesla PowerWalls, or 100 batteries per person.<sup><a href=\"#source-38\" class=\"sourceref\" id=\"cite-38\" tabindex=\"0\">38<\/a><\/sup> That\u2019s not feasible, and it\u2019s not a smart approach.<\/p>\n<p>That\u2019s why our position is that we need clean energy that can be turned on and off. Study after study, from the Intergovernmental Panel on Climate Change<sup><a href=\"#source-39\" class=\"sourceref\" id=\"cite-39\" tabindex=\"0\">39<\/a><\/sup> to JPMorgan Chase<sup><a href=\"#source-40\" class=\"sourceref\" id=\"cite-40\" tabindex=\"0\">40<\/a><\/sup>, has shown that the cost of going to all clean energy double or triples when you build too much renewable generation, compared to a balanced approach that also includes carbon-captured fossil power and nuclear.<sup><a href=\"#source-41\" class=\"sourceref\" id=\"cite-41\" tabindex=\"0\">41<\/a><\/sup><\/p>\n<p>Even California isn\u2019t committed to a renewables-only strategy. The long-term clean energy bill California state lawmakers are considering (<a href=\"http:\/\/leginfo.legislature.ca.gov\/faces\/billNavClient.xhtml?bill_id=201720180SB100\">SB 100<\/a>) aims for 60% renewable power. But it also allows for any zero-carbon energy in order to get from 60% to 100% clean energy.<sup><a href=\"#source-42\" class=\"sourceref\" id=\"cite-42\" tabindex=\"0\">42<\/a><\/sup> If the goal is to reduce carbon emissions, why restrict your carbon-free options? Why put all your eggs in the renewables basket?<\/p>\n<aside class=\"float-right\" style=\"text-align: center;\">\n<p style=\"font-size: 20px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">India\u2019s Coal Isn\u2019t Going to Disappear<sup><a href=\"#source-45\" class=\"sourceref\" id=\"cite-45\" tabindex=\"0\">45<\/a><\/sup><\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"2187ky076k\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/f5ab879e03589b07e7683e85b39b69b7-india-coal-not-disappearing-01.jpg\" width=\"500\" height=\"274\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 500px; --smush-placeholder-aspect-ratio: 500\/274;\"><\/p>\n<\/aside>\n<p>The renewables-only approach assumes China will shut down the coal plants worth $237 billion.<sup><a href=\"#source-43\" class=\"sourceref\" id=\"cite-43\" tabindex=\"0\">43<\/a><\/sup> It also imagines India, which is in the process of doubling its coal fleet, will then be happy to shut those down, even as they\u2019re striving to provide electricity to 240 million Indians who don\u2019t have it. That\u2019s just not going to happen.<\/p>\n<p>India has plans for 100 GW of solar, more than double what America has today.<sup><a href=\"#source-44\" class=\"sourceref\" id=\"cite-44\" tabindex=\"0\">44<\/a><\/sup> China is leading the world in building wind turbines. But that\u2019s not going to shut down all their brand-new coal plants.<\/p>\n<p>The answer is carbon capture. Technologies such as NETPower to replace new-build coal plants, Petra Nova and FuelCell Energy to retrofit what\u2019s already been built to reduce emissions. Even if we were wrong and renewables could power most of America\u2019s electricity, carbon capture would still be critical to allow China and India to affordably clean up their energy mix. And it\u2019s the only technology that can allow for negative emissions: using carbon capture on biomass takes the carbon dioxide plants suck from the air and captures it when those plants are burned, essentially pulling carbon out of the atmosphere.<\/p>\n<p><strong>Imagining The Future<\/strong><\/p>\n<p><strong>Here is what U.S. clean energy dominance might look like in 2040.<\/strong><br>\nAfter its second successful advanced nuclear reactor in the U.S., Terrapower inked a deal with India to build 10 GW powered by molten chloride fast reactors. Combined with the NuScale\u2019s small but steady exports of small modular reactors, America overtakes Russia in nuclear energy exports and has China in its sights. Advanced nuclear reactors are replacing retiring U.S. reactors, helping maintain our nuclear generation and reduce waste left at those sites. Globally, nuclear energy increased by 50%, enough to continue to supply 10% of the world\u2019s electricity as population and energy demand grew.<\/p>\n<p>Meanwhile, there\u2019s a vicious price war between the Chinese silicon solar and the new U.S. perovskite solar industries, which prints panels mainly in the Rust Belt. For the last 15 years Perovskite solar has been eating into China\u2019s market share, cracking $100 billion a year in revenue as solar produces 8% of the world\u2019s power, quadruple its share today. China solidifies its grip on the wind industry, which now produces slightly more power than solar or nuclear.<\/p>\n<p>Battery storage can be done cheaper with advanced flow battery technology that came out of Pacific Northwest National Laboratory, but is mainly used in wealthy states such as California and nations such as Germany and Spain that opt for a particularly high solar pathway. Developing countries still trying to expand basic power mainly ignore storage, except for remote areas. Electric cars, not the electric grid, are far and away the largest use for batteries.<\/p>\n<p>But the biggest success story of all was carbon capture. Beginning in 2020, the oil and gas industry invested billions in perfecting carbon turbine technology, and our exports of natural gas and zero-carbon natural gas plants soared together. Five years later, we began to export carbonate fuel cells powered by natural gas as the global solution to cleaning up existing coal plants. That\u2019s 2025, the same year that the last new fossil fuel plant is built without carbon capture technology installed.<\/p>\n<p>Fracking was just the first half of the natural gas revolution. Zero-carbon technology became the second. Natural gas is tied with coal as the dominant power source, each providing 25% of electricity and each mainly zero carbon power sources. Half of existing coal plants are now paired with carbonate fuel cells and are carbon free. That\u2019s 800 GW of carbon capture, including 400 GW in China alone. Because they run more often, these plants account for two thirds of actual coal generation.<\/p>\n<div class=\"center\" style=\"text-align: center;\">\n<p style=\"font-size: 24px;\"><span class=\"md-bold\" style=\"color: #9d1c20;\">Imagined Power Mix, 2040<sup><a href=\"#source-46\" class=\"sourceref\" id=\"cite-46\" tabindex=\"0\">46<\/a><\/sup><\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5112 clearpath-lightbox-img lazyload\" data-share-key=\"1q6qi96t4a\" data-src=\"https:\/\/saperemarketing.com\/clearpath\/wp-content\/uploads\/sites\/67\/2018\/01\/00f6bb72df16842e4caf64aee3fdb6e9-power-mix-2016-vs-2040-copy.jpg\" width=\"800\" height=\"453\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 800px; --smush-placeholder-aspect-ratio: 800\/453;\"><\/p>\n<\/div>\n<p>From 2030 to 2040, America brought in $1 trillion of revenue from its energy technology exports, a renaissance for large-scale American manufacturing and innovation from Houston to Detroit to Atlanta. The politics of reducing carbon emissions were totally transformed by technology, and the main arguments are about trade policy and technology ownership. Global power emissions in 2040 have plummeted while demand increased.<\/p>\n<p>The world is hopeful. American technology has provided a path forward for the developed and developing world to help each other grow more prosperous and reduce emissions at the same time.<\/p>\n<p>America today could choose to aim for this bright future. It would give our energy innovators the chance to reinvent America\u2019s economy and the world\u2019s energy. It would require smart long-range policy out of Washington. We\u2019d give ourselves a chance to outcompete the Chinese, rather than just complain about their growing dominance. It would cut carbon emissions in a way neither the left nor right is expecting. Zero-carbon fossil fuels would thrive.<\/p>\n<p>The energy innovation approach is the hard choice. It\u2019s long and uncertain. America may never again unleash innovation like we did to defeat Germany and dismantle the Soviet Union. But if we do, we will win the clean energy race, and it will be worth every ounce of effort it takes.<\/p>\n<p style=\"font-size: 20px;\"><strong>View more of&nbsp;<a href=\"\/our-take\">Our Take<\/a>&nbsp;and let us&nbsp;know what you think at <a href=\"mailto:jaylistens@saperemarketing.com\">jaylistens@saperemarketing.com<\/a>.<\/strong><\/p>\n<hr class=\"blue\">\n\n\n\n<h3 class=\"wp-block-heading\">Sources<\/h3>\n\n\n\n<ol class=\"wp-block-list\" start=\"1\">\n<li><a id=\"source-1\" target=\"_blank\" href=\"https:\/\/about.bnef.com\/new-energy-outlook\/\" rel=\"noreferrer noopener\">Bloomberg New Energy Finance<\/a>&nbsp;<a href=\"#cite-1\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-2\" target=\"_blank\" href=\"https:\/\/saperemarketing.com\/clearpath\/our-take\/nuclear-at-a-crossroads\" rel=\"noreferrer noopener\">ClearPath<\/a>&nbsp;<a href=\"#cite-2\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-3\" target=\"_blank\" href=\"https:\/\/www.carbonbrief.org\/what-global-co2-emissions-2016-mean-climate-change\" rel=\"noreferrer noopener\">Carbon Brief<\/a>&nbsp;<a href=\"#cite-3\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-4\" target=\"_blank\" href=\"https:\/\/www.carbonbrief.org\/what-global-co2-emissions-2016-mean-climate-change\" rel=\"noreferrer noopener\">Carbon Brief<\/a>&nbsp;<a href=\"#cite-4\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-5\" target=\"_blank\" href=\"https:\/\/www.iea.org\/publications\/insights\/insightpublications\/ThePotentialforEquippingChinasExistingCoalFleetwithCarbonCaptureandStorage.pdf\" rel=\"noreferrer noopener\">IEA<\/a>&nbsp;<a href=\"#cite-5\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-6\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-02-10\/china-widens-wind-power-lead-over-u-s-world-with-another-23-gw\" rel=\"noreferrer noopener\">Bloomberg<\/a>&nbsp;<a href=\"#cite-6\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-7\" target=\"_blank\" href=\"https:\/\/about.bnef.com\/new-energy-outlook\/\" rel=\"noreferrer noopener\">Bloomberg New Energy Finance<\/a>&nbsp;<a href=\"#cite-7\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-8\" target=\"_blank\" href=\"https:\/\/www.eia.gov\/todayinenergy\/detail.php?id=28132\" rel=\"noreferrer noopener\">EIA<\/a>&nbsp;<a href=\"#cite-8\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-9\" target=\"_blank\" href=\"https:\/\/about.bnef.com\/new-energy-outlook\/BNEF%20NEO%202017\" rel=\"noreferrer noopener\">Bloomberg New Energy Finance<\/a>&nbsp;<a href=\"#cite-9\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-10\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2017\/04\/08\/business\/china-trade-solar-panels.html\" rel=\"noreferrer noopener\">New York Times<\/a>&nbsp;<a href=\"=#cite-10\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-11\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-usa-congress-climatechange\/defying-trump-senate-panel-approves-funding-for-u-n-climate-body-idUSKCN1BJ1LA\" rel=\"noreferrer noopener\">Reuters<\/a>&nbsp;<a href=\"#cite-11\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-12\" target=\"_blank\" href=\"https:\/\/saperemarketing.com\/clearpath\/our-take\/nuclear-at-a-crossroads\" rel=\"noreferrer noopener\">ClearPath<\/a>&nbsp;<a href=\"#cite-12\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-13\" target=\"_blank\" href=\"https:\/\/www.gatesnotes.com\/About-Bill-Gates\/Concrete-in-China\" rel=\"noreferrer noopener\">Gates Notes<\/a>&nbsp;<a href=\"#cite-13\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-14\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/18afe28e-a1d2-11e7-8d56-98a09be71849\" rel=\"noreferrer noopener\">Financial Times<\/a>&nbsp;<a href=\"#cite-14\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-15\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2018\/01\/02\/climate\/china-cars-pollution.html\" rel=\"noreferrer noopener\">New York Times<\/a>&nbsp;<a href=\"#cite-15\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-16\" target=\"_blank\" href=\"http:\/\/www.mcclatchydc.com\/latest-news\/article24459472.html\" rel=\"noreferrer noopener\">McClatchy<\/a>&nbsp;<a href=\"#cite-16\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-17\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-09-28\/china-to-start-new-energy-vehicle-production-quota-from-2019\" rel=\"noreferrer noopener\">Bloomberg<\/a>&nbsp;<a href=\"#cite-17\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-18\" target=\"_blank\" href=\"https:\/\/www.iea.org\/newsroom\/news\/2017\/october\/commentary-declining-energy-research-budgets-are-a-cause-for-concern.html\" rel=\"noreferrer noopener\">IEA<\/a>&nbsp;<a href=\"#cite-18\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-19\" target=\"_blank\" href=\"https:\/\/www.bcg.com\/publications\/2017\/lean-innovation-led-boost-us-manufacturing.aspx\" rel=\"noreferrer noopener\">Boston Consulting Group<\/a>&nbsp;<a href=\"#cite-19\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-20\" target=\"_blank\" href=\"https:\/\/csis-prod.s3.amazonaws.com\/s3fs-public\/publication\/170829_Kennedy_FatTechDragon_Web.pdf?.6agddecKW.hKNzCkVYvvUSDsQCeK9mN\" rel=\"noreferrer noopener\">CSIS<\/a>&nbsp;<a href=\"#cite-20\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-21\" target=\"_blank\" href=\"https:\/\/globenewswire.com\/news-release\/2017\/11\/01\/1172376\/0\/en\/Pu-Neng-Wins-Contract-for-the-Largest-Vanadium-Flow-Battery-in-China-as-the-China-National-Development-and-Reform-Commission-Initiates-a-Major-Push-for-Energy-Storage-in-Support-of.html\" rel=\"noreferrer noopener\">Globe News Wire<\/a>&nbsp;<a href=\"#cite-21\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-22\" target=\"_blank\" href=\"http:\/\/www.uetechnologies.com\/news\/72-unienergy-technologies-strategic-partner-to-deliver-world-s-largest-battery\" rel=\"noreferrer noopener\">UniEnergy Technologies<\/a>&nbsp;<a href=\"#cite-22\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-23\" target=\"_blank\" href=\"http:\/\/americanenergyinnovation.org\/wp-content\/uploads\/2013\/03\/Case-Unconventional-Gas.pdf\" rel=\"noreferrer noopener\">American Energy Innovation Council<\/a>&nbsp;<a href=\"#cite-23\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-24\" target=\"_blank\" href=\"http:\/\/www.ourenergypolicy.org\/wp-content\/uploads\/2012\/05\/Where_the_Shale_Gas_Revolution_Came_From.pdf\" rel=\"noreferrer noopener\">Breakthrough Institute<\/a>&nbsp;<a href=\"#cite-24\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-25\" target=\"_blank\" href=\"http:\/\/americanenergyinnovation.org\/wp-content\/uploads\/2013\/03\/Case-Unconventional-Gas.pdf\" rel=\"noreferrer noopener\">American Energy Innovation Council<\/a>&nbsp;<a href=\"#cite-25\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-26\" target=\"_blank\" href=\"http:\/\/news.ihsmarkit.com\/press-release\/economics\/us-unconventional-oil-and-gas-revolution-increase-disposable-income-more-270\" rel=\"noreferrer noopener\">IHS Markit<\/a>&nbsp;<a href=\"#cite-26\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-27\" target=\"_blank\" href=\"https:\/\/globenewswire.com\/news-release\/2016\/03\/21\/821724\/0\/en\/Global-Shale-Gas-Market-Poised-to-Surge-from-USD-63-0-Billion-in-2014-to-USD-105-0-Billion-by-2020-MarketResearchStore-Com.html\" rel=\"noreferrer noopener\">Globe Newswire<\/a>&nbsp;<a href=\"#cite-27\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-28\" target=\"_blank\" href=\"https:\/\/www.netpower.com\/\" rel=\"noreferrer noopener\">NetPower<\/a>&nbsp;<a href=\"#cite-28\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-29\" target=\"_blank\" href=\"http:\/\/terrapower.com\/technologies\/mcfr\" rel=\"noreferrer noopener\">Terrapower<\/a>&nbsp;<a href=\"#cite-29\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-30\" target=\"_blank\" href=\"https:\/\/saperemarketing.com\/clearpath\/our-take\/nuclear-innovation-isnt-welcome-here\" rel=\"noreferrer noopener\">This is different than Terrapower\u2019s other advanced reactor design, the Traveling Wave Reactor, which they\u2019re planning to build in China.<\/a>&nbsp;<a href=\"#cite-30\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-31\" target=\"_blank\" href=\"http:\/\/terrapower.com\/updates\/terrapower-establishes-joint-venture-with-cnnc-for-twr-co-development\/\" rel=\"noreferrer noopener\">Terrapower<\/a>&nbsp;<a href=\"#cite-31\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-32\" target=\"_blank\" href=\"https:\/\/www.nrel.gov\/news\/press\/2017\/1317-nrels-new-perovskite-ink-opens-window-for-quality-cells.html\" rel=\"noreferrer noopener\">National Renewable Energy Lab<\/a>&nbsp;<a href=\"#cite-32\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-33\" target=\"_blank\" href=\"http:\/\/science.sciencemag.org\/content\/354\/6317\/1214.full\" rel=\"noreferrer noopener\">Science Magazine<\/a>&nbsp;<a href=\"#cite-33\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-34\" target=\"_blank\" href=\"http:\/\/corporate.exxonmobil.com\/en\/technology\/carbon-capture-and-storage\/advanced-carbonate-fuel-cell-technology\/advanced-carbonate-fuel-cell-technology\" rel=\"noreferrer noopener\">Exxon Mobil<\/a>&nbsp;<a href=\"#cite-34\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-35\" target=\"_blank\" href=\"https:\/\/emp.lbl.gov\/sites\/default\/files\/briefing_impacts_of_vre_lbnl.pdf\" rel=\"noreferrer noopener\">Lawrence Berkeley Livermore Lab<\/a>&nbsp;<a href=\"#cite-35\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-36\" target=\"_blank\" href=\"https:\/\/pv-magazine-usa.com\/2017\/08\/01\/varun-sivaram-the-hamilton-of-the-solar-industry\/\" rel=\"noreferrer noopener\">PV Magazine<\/a>&nbsp;<a href=\"#cite-36\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-37\" target=\"_blank\" href=\"https:\/\/emp.lbl.gov\/sites\/default\/files\/briefing_impacts_of_vre_lbnl.pdf\" rel=\"noreferrer noopener\">Lawrence Berkeley Livermore Lab<\/a>&nbsp;<a href=\"#cite-37\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-38\" target=\"_blank\" href=\"http:\/\/innovationreform.org\/wp-content\/uploads\/2017\/03\/EIRP-Deep-Decarb-Lit-Review-Jenkins-Thernstrom-March-2017.pdf\" rel=\"noreferrer noopener\">Energy Innovation Reform Project<\/a>&nbsp;<a href=\"#cite-38\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-39\" target=\"_blank\" href=\"https:\/\/www.ipcc.ch\/pdf\/assessment-report\/ar5\/syr\/AR5_SYR_FINAL_SPM.pdf\" rel=\"noreferrer noopener\">IPCC<\/a>&nbsp;<a href=\"#cite-39\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-40\" target=\"_blank\" href=\"https:\/\/www.jpmorgan.com\/jpmpdf\/1320687247153.pdf\" rel=\"noreferrer noopener\">JP Morgan<\/a>&nbsp;<a href=\"#cite-40\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-41\" target=\"_blank\" href=\"http:\/\/innovationreform.org\/wp-content\/uploads\/2017\/03\/EIRP-Deep-Decarb-Lit-Review-Jenkins-Thernstrom-March-2017.pdf\" rel=\"noreferrer noopener\">Energy Innovation Reform Project<\/a>&nbsp;<a href=\"#cite-41\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-42\" target=\"_blank\" href=\"https:\/\/leginfo.legislature.ca.gov\/faces\/billNavClient.xhtml?bill_id=201720180SB100\" rel=\"noreferrer noopener\">California Legislature<\/a>&nbsp;<a href=\"#cite-42\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-43\" target=\"_blank\" href=\"https:\/\/data.bloomberglp.com\/bnef\/sites\/14\/2017\/10\/Chinas-Renewable-Curtailment-and-Coal-Assets-Risk-Map-FINAL_2.pdf\" rel=\"noreferrer noopener\">Bloomberg<\/a>&nbsp;<a href=\"#cite-43\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-44\" target=\"_blank\" href=\"http:\/\/niti.gov.in\/writereaddata\/files\/writereaddata\/files\/document_publication\/report-175-GW-RE.pdf\" rel=\"noreferrer noopener\">National Institute For Transforming India<\/a>&nbsp;<a href=\"#cite-44\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-45\" target=\"_blank\" href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/2017EF000542\/full\" rel=\"noreferrer noopener\">AGU Publications<\/a>&nbsp;<a href=\"#cite-45\">\u2b0f<\/a><\/li>\n\n\n\n<li><a id=\"source-46\" target=\"_blank\" href=\"https:\/\/about.bnef.com\/new-energy-outlook\/\" rel=\"noreferrer noopener\">Bloomberg New Energy Finance<\/a>&nbsp;<a href=\"#cite-46\">\u2b0f<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s January 2040 and the U.S. leads the world in clean energy. Thanks to a massive innovation boom, it is our fastest growing export, creating a global economic and climate win-win. Jay lays out his vision for how we can get there.<\/p>\n","protected":false},"author":296,"featured_media":38394,"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],"class_list":["post-37497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-our-take","tag-innovation"],"acf":[],"_links":{"self":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/posts\/37497","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=37497"}],"version-history":[{"count":0,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/posts\/37497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/media\/38394"}],"wp:attachment":[{"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/media?parent=37497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/categories?post=37497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saperemarketing.com\/clearpath\/wp-json\/wp\/v2\/tags?post=37497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}