<script> var curhost = window.location.href; var curhostlower = curhost.toLowerCase(); if(curhostlower.search(/rtowww/i) >= 0) { document.write('<p>This is not the <a href="https://www.rtoinsider.com">RTO Insider</a> site you are looking for.<p><br><p><a href="//www.rtoinsider.com/wp-login.php">Unless it is</a>.</p>'); window.stop(); }</script><?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" > <channel> <title>U.S. clean energy transition Archives - RTO Insider</title> <atom:link href="//www.rtoinsider.com/tag/u-s-clean-energy-transition/feed/" rel="self" type="application/rss+xml" /> <link>https://www.rtoinsider.com/tag/u-s-clean-energy-transition/</link> <description>Your eyes and ears on the organized electric markets, electric reliability, and decarbonization.</description> <lastBuildDate>Tue, 10 Dec 2024 04:04:51 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.1</generator> <image> <url>https://www.rtoinsider.com/wp-content/uploads/2023/06/cropped-favicon512-32x32.png</url> <title>U.S. clean energy transition Archives - RTO Insider</title> <link>https://www.rtoinsider.com/tag/u-s-clean-energy-transition/</link> <width>32</width> <height>32</height> </image> <site xmlns="com-wordpress:feed-additions:1">220372370</site> <item> <title>Granholm: ‘It Would be Political Malpractice to Undo’ IRA Incentives</title> <link>//www.rtoinsider.com/93490-granholm-clean-energy-transitioninevitable/</link> <comments>//www.rtoinsider.com/93490-granholm-clean-energy-transitioninevitable/#respond</comments> <dc:creator><![CDATA[K Kaufmann]]></dc:creator> <pubDate>Sun, 08 Dec 2024 15:06:26 +0000</pubDate> <category><![CDATA[Conference coverage]]></category> <category><![CDATA[Department of Energy]]></category> <category><![CDATA[Federal Policy]]></category> <category><![CDATA[Geothermal]]></category> <category><![CDATA[Hydrogen]]></category> <category><![CDATA[Loan Programs Office (LPO)]]></category> <category><![CDATA[NetZero Insider]]></category> <category><![CDATA[Nuclear]]></category> <category><![CDATA[Renewable Power]]></category> <category><![CDATA[White House]]></category> <category><![CDATA[artificial intelligence (AI)]]></category> <category><![CDATA[Chris Wright]]></category> <category><![CDATA[Citizens for Responsible Energy Solutions (CRES)]]></category> <category><![CDATA[data centers]]></category> <category><![CDATA[Deploy 2024 Conference]]></category> <category><![CDATA[Donald Trump]]></category> <category><![CDATA[electrification]]></category> <category><![CDATA[Eos Energy Enterprises]]></category> <category><![CDATA[high assay]]></category> <category><![CDATA[Inflation Reduction Act (IRA)]]></category> <category><![CDATA[Infrastructure Investment and Jobs Act (IIJA)]]></category> <category><![CDATA[Jennifer Granholm]]></category> <category><![CDATA[Jigar Shah]]></category> <category><![CDATA[Kevala]]></category> <category><![CDATA[lithium]]></category> <category><![CDATA[long-duration energy storage]]></category> <category><![CDATA[low enriched uranium (HALEU)]]></category> <category><![CDATA[Neil Chatterjee]]></category> <category><![CDATA[Small Modular Reactors (SMRs)]]></category> <category><![CDATA[U.S. clean energy transition]]></category> <category><![CDATA[U.S. Department of Energy (DOE)]]></category> <guid isPermaLink="false">//www.rtoinsider.com/?p=93490</guid> <description><![CDATA[<p>Clean industry executives and experts at DOE's Deploy 2024 conference were surprisingly optimistic about continuing market growth linked to the boom in energy demand from data centers, AI and electrification.</p> <p>The post <a href="//www.rtoinsider.com/93490-granholm-clean-energy-transitioninevitable/">Granholm: ‘It Would be Political Malpractice to Undo’ IRA Incentives</a> appeared first on <a href="//www.rtoinsider.com">RTO Insider</a>.</p> ]]></description> <content:encoded><![CDATA[<p><span data-contrast="auto">WASHINGTON ― In her four years leading the Department of Energy, Secretary Jennifer Granholm has never been anything less than enthusiastic, if not downright exuberant, about the U.S. clean energy transition, and taking the stage as the closing speaker at DOE’s Deploy 2024 Conference on Dec. 5, she did not disappoint.</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">DOE was charged with distributing hundreds of billions of federal dollars from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, and, Granholm said, “98% of the programs that the department was given [under the laws] … have had at least one round of funding go out the door; 98% is amazing in government. The only reason it’s not 100% is because some of the programs require a start date beyond our term. …</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“These laws have made investing in America irresistible,” she said. “It has made this energy transition inevitable and inexorable. … It is a transition that is built to last.”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Granholm reeled off a list of examples, beginning with the 60 GW of clean energy that have been added to the grid in 2024, twice as much as has been installed in any other year, with developers “very busy making sure they can get their projects in the ground and take advantage of the [IRA’s 30%] tax credit.”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Those tax credits and other DOE grants and investments have sparked about 300 announcements of new battery storage manufacturing facilities that could halve U.S. dependence on China for lithium, the critical mineral used in most electric vehicle and grid-tied batteries, she said. </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“China had dominated this space because they had an industrial strategy, and we now have one to rival them,” Granholm said.</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Noting that Deploy likely would be her last major public appearance as energy secretary, Granholm acknowledged the uncertainty ahead as President-elect Donald Trump takes office with an energy agenda heavily weighted toward fossil fuels.</span></p> <p><span data-contrast="auto">But she sees hope in the fact that about 80% of the federal dollars from the IIJA and IRA are going to red states and districts. </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“For every $1 that’s invested by the federal government, $6 are invested by the private sector, and all those dollars are going to red states,” Granholm said. “It would be political malpractice to undo the incentives that are causing all of this economic activity in those red states.” </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <h2>‘Every Available Electron’</h2> <p><span data-contrast="auto">Arguments in defense of the IIJA and IRA were repeated throughout the two-day conference, with speakers linking the economics of clean energy technologies to the industry’s current concerns about demand growth from artificial intelligence, data centers and electrification. (See </span><a href="https://www.rtoinsider.com/93240-podesta-economics-clean-energy-simply-taken-over/#/" target="_blank" rel="noopener"><i><span data-contrast="none">Podesta: Economics of Clean Energy Have Simply Taken Over</span></i></a><span data-contrast="auto">.)</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Winning the AI race with China has become a national security priority, said Neil Chatterjee, who chaired <a href="https://www.rtoinsider.com/category/rto/rto-ferc-federal/">FERC</a> during the first Trump administration and now is a senior adviser at Hogan Lovells, a multinational law firm. “It’s going to totally upend energy policy and the conventional wisdom that Republicans are for fossil fuels and Democrats are for green energy. …</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“We’re going to need every available electron and … every available megawatt,” Chatterjee said Dec. 5, during an onstage conversation with Jigar Shah, director of DOE’s Loan Programs Office, and Heather Reams, president of Citizens for Responsible Energy Solutions, a Republican-leaning advocacy group.</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <div class="inline-image center full"> <p><img decoding="async" src="https://www.rtoinsider.com/wp-content/uploads/2024/12/Deploy-24-panel-2024-12-05-RTO-Insider-LLC-Alt-FI.jpg" /></p> <div class="contentimage-details"><span class="image-cutline">LPO Director Jigar Shah (left) explores the emerging energy landscape for the second Trump administration with former FERC Chair Neil Chatterjee (center) and Heather Reams, CRES.</span> | <span class="image-source">© RTO Insider LLC </span></div> </div> <p><span data-contrast="auto">“We’re going to figure out energy efficiency, demand response, virtual power plants,” Chatterjee said. “How can we get grid-enhancing technologies [online]? How can we get greater optimization for our current grid? All of this will be essential to winning the AI race while simultaneously bringing down the cost of electricity for consumers.”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Reams said clean energy entrepreneurs will need to focus on how they can provide cost-effective solutions to meet demand growth and ensure they are meeting with White House staff and with lawmakers on both sides of the aisle. </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“I know there’s a lot of talk about President-[elect] Trump being a climate denier, not really valuing reducing emissions,” Reams said. “But let’s get away from emissions and talk about the demand we need. How are you solving the problem? How are you part of the solution?”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Her advice to conference attendees is to come with solutions and pivot a bit on their messaging. “You’re not changing your business but pivoting the words you use,” she said.</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Reams said she expects the incoming administration and Chris Wright, Trump’s nominee to lead DOE, will put a pause on IRA and IIJA funding “to get a lay of the land” she said. “But that doesn’t mean that once that pause is there, it’s going to remain.” </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Organizations like CRES are in favor of continuing the LPO and other DOE divisions, such as the Grid Deployment Office, which Reams said will be “very, very important, because of all the challenges the grid will face in the coming years.”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <h2>Pivoting the Message</h2> <p><span data-contrast="auto">DOE appears to be pivoting its message toward Trump’s rhetoric of energy dominance and independence. A video shown at the conference promoted the department as a core driver of “unlocking” U.S. innovation and “unleashing” U.S. clean energy. </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Another source of hope for Granholm is that IIJA and IRA funds support clean technologies that have broad bipartisan support, including advanced nuclear, geothermal, carbon and direct air capture, and clean hydrogen. </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“Four years ago, who was talking about nuclear?” she said. “We have created a revolution [in] this clean energy. … Small modular reactors, the whole fuel cycle … [are] being developed in the United States. High assay, low-enriched uranium [is] being developed in the United States for small modular reactors; keeping sites online, so making sure they are redeveloped and … that the reactors can have a much longer shelf life.”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">IRA and IIJA funding have generated 42 new company announcements in the nuclear space, she said.</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">That focus on emerging technologies added to a general sense of optimism that federal dollars will continue to flow, said Nathan Kroeker, chief financial officer of Eos Energy, a long-duration storage developer. “It’s been very positive. I was pleasantly surprised,” he said.</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“A lot of these people, I think, … either [are] thinking about applying for a loan or a grant, have recently applied for a loan or a grant [or] are eagerly awaiting their conditional commitment,” Kroeker said. “In some cases, maybe they’re looking forward to closing on the loan. Different people I’ve talked to are at different stages, but overall, [they are] very optimistic about this, about the dollars and this public-private partnership, and how do we use that in order to accelerate growth and really differentiate ourselves in the energy space?” </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Eos recently finalized a </span><a href="https://www.energy.gov/articles/biden-harris-administration-announces-3035-million-loan-guarantee-eos-energy-enterprises-0" target="_blank" rel="noopener"><i><span data-contrast="none">$303.5 million</span></i></a><span data-contrast="auto"> loan guarantee from the LPO, to scale up production of zinc-based, 16-hour batteries. With federal money, “we have turned the corner from being an undercapitalized startup company that everybody was watching to see ― are they going to make it? ― and now we’re a fully funded growth company,” he said. Eos is expanding production at its manufacturing plant outside Pittsburgh, in a former Westinghouse factory. </span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <h2>White House Doesn’t Matter</h2> <p><span data-contrast="auto">Aram Shumavon, CEO of Kevala, a grid data analytics firm, shared Kroeker’s optimism, but sees a more complex landscape ahead. “The industry was there in force,” he said during a post-conference interview with </span><i><span data-contrast="auto">NetZero Insider</span></i><span data-contrast="auto">. “The transition has built enough momentum, that the economics of it just make sense. …</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">“Even in the face of or the prospect of very significant swings associated with some tariffs and things along those lines, and potential significant challenges to some of the programs that create subsidies right now, the economics of zero-marginal-cost fuels and a bunch of technologies that support the evolution of the grid are undeniable,” Shumavon said.</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Demand growth also will be a huge driver for clean tech, he said. “We’re seeing a great many people in the industry just looking at the demand for electricity that is coming, and all of that then creates opportunity.”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">End-use, customers ― “who, by the way, are also employers and also voters ― are going to be demanding a broad spectrum of products and services from the attendees of that conference. And I think attendees of the conference see that and are excited by the potential. The administration ultimately doesn’t matter in those regards.”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">Ending her speech with a symbolic passing of the baton, Granholm agreed, “It does not matter who is in the White House,” because “this transition is happening. This transition is moving forward, with or without a president in the White House that is a clean energy advocate,” she said. “I hope you are willing to take the time and run with it.”</span><span data-ccp-props="{"201341983":0,"335559740":240}"> </span></p> <p>The post <a href="//www.rtoinsider.com/93490-granholm-clean-energy-transitioninevitable/">Granholm: ‘It Would be Political Malpractice to Undo’ IRA Incentives</a> appeared first on <a href="//www.rtoinsider.com">RTO Insider</a>.</p> ]]></content:encoded> <wfw:commentRss>//www.rtoinsider.com/93490-granholm-clean-energy-transitioninevitable/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <post-id xmlns="com-wordpress:feed-additions:1">93490</post-id> </item> </channel> </rss>