WASHINGTON – The US Department of Energy (DOE) today announced the launch of its Pathways to Commercial Takeoff, a new agency-wide initiative to strengthen public-private partnerships to accelerate the commercialization and deployment of key clean energy sources. technologies. The reports provide the private sector and other industry partners with a valuable, collaborative resource on how and when certain technologies—from clean hydrogen, modern nuclear energy, and long-term energy storage—can be fully deployed. The new initiative highlights the critical role the Department of Energy is playing in ensuring the widespread commercial adoption of clean energy technologies that are needed to achieve President Biden’s ambitious goals of achieving 100% clean electricity by 2035 and a zero-emissions economy by 2050.
“As we grapple with the climate crisis and strive for a fair future of clean energy, public-private partnerships will be more important and important than ever before,” he said. US Secretary of Energy Jennifer M. Granholm. “Liftoff reports will help build government-industry collaboration to uncover exciting new opportunities and ensure America becomes the world leader in next-generation clean energy technologies.”
President Biden’s bipartisan Infrastructure Act and the Inflation Reduction Act provided the Department of Energy with billions of dollars to invest in and support the large-scale demonstration and deployment of clean energy technologies over the next decade. These historic investments are designed to spur commercialization and unlock trillions of private investments to set the country on track to meet critical long-term decarbonization goals. The Liftoff reports will provide information to help guide these investments and drive the nation’s broader industrial strategy—creating high-quality jobs in the US, strengthening domestic supply chains and global competitiveness, and promoting a just energy transition.
By 2030, reports conclude that cumulative investment needs to increase from about US$40 billion to US$300 billion in the hydrogen, nuclear energy and long-term energy storage sectors, with further acceleration to 2050 required to remain on the way to achieving long-term goals for decarburization.
Additional details from the first three reports include:
- Clean Hydrogen: Thanks to transformational policies and programs such as Regional Clean Hydrogen Centers (H2Hubs), tax credits in the Inflation Reduction Act, and ongoing research, development, and demonstrations through the U.S. Department of Energy’s hydrogen program, the clean hydrogen market is one of the most capable of reaching full commercialization. Liftoff reports show that despite increased investor participation and project announcements, infrastructure building, demand uncertainty, workforce development, and other challenges associated with large-scale adoption, clean hydrogen needs to be addressed to reach its full potential.
- Long-term energy storage (LDES): While LDES technology is still in its infancy, the LDES market has huge potential to improve grid resiliency, expand renewable energy, and strengthen our energy security. However, to accelerate commercialization and ensure that this promising technology can become a critical component of any future energy solutions, further technological advancement, cost reduction and increased public and private investment are needed.
- Advanced nuclear: Advanced nuclear power is widely seen as a clean, reliable source of energy that can reliably complement a large scale renewable energy buildup and is key to the United States achieving President Biden’s ambitious decarburization goals. In addition, the introduction of this technology can create long-term high-paying jobs and open up new economic opportunities for traditional energy producing communities that already have existing power generation infrastructure, such as coal-fired communities. Several barriers have been identified in the reports, including greater adoption of mature technologies and the establishment of efficient and timely delivery models.
Given the constantly and rapidly evolving market, technology and policy environment, as well as the needs and concerns of the community, Liftoff Reports are designed as “living documents” and will be updated as each technology’s commercialization prospects develop. The Department of Energy will continue to solicit opinions through industry forums, requests for information, and regular interactions between industry representatives, investors, and other stakeholders to help make informed decisions. The Department of Energy also encourages direct public opinion, which can be emailed to [email protected].
The Road to Business Reports were developed through extensive stakeholder engagement and a combination of system-level modeling and project-level financial modeling. Additional reports will be added in the coming months. Learn more about the reports here and read the full reports here.
Later today, the DOE will host a virtual fireside chat at 1:30 p.m. ET with senior DOE leaders who will present Pathways to Commercial Takeoff and take a closer look at the first published report Clean Hydrogen Path to Commercial Takeoff. Register here.