ENERGY INNOVATION ISN’T JUST DOLLARS AND CENTS
Steady and sufficient funding is essential for all advanced energy research. But clean energy innovation is also more than just dollars and cents. These bills, when done right, also include significant policy reform - providing important direction to DOE to make sure that dollars are well spent on key clean energy outcomes.
For example, the recent FY18 budget deal directed DOE to map out a “moonshot” goal for demonstrating advanced nuclear technologies with the private sector. The upcoming FY19 bill should further include such a goal for energy storage. That type of prioritization already has proven successful in helping the Department spearhead both expansion of hydraulic fracturing and solar technologies.
Next, world-leading energy research programs don’t stop and start - they are built on multi-year commitments allowing innovators to map out ambitious programs and attract top talent. The FY18 deal wisely invested in the long run, including five-year commitments to the Joint Center for Energy Storage Research (developing extraordinary new batteries) and the Joint Center for Artificial Photosynthesis (using just sunlight to turn water into clean hydrogen fuel).
Last, a core function of DOE is to provide shared test equipment and other lab facilities to private sector innovators that no single company could afford alone. The FY18 bill renewed support for such public-private partnerships in clean fossil fuels through the National Carbon Capture Center test facility in Birmingham, and began designing an amazing new shared nuclear test device - a "versatile fast test reactor" - that’s critical to the development of advanced nuclear.
|