American energy innovation’s big moment

"American energy innovation’s big moment" Part 1 "The war in Ukraine could unleash enormous demand for clean tech that America will soon be able to supply"

The Economist Mar 26th 2022 edition:

Excerpts:

"Clean tech attracted over $87bn of investment from venture-capital and private-equity firms alone in the year to June 2021."

"It is being driven by three forces that seem likelier to grow:

"society’s fear of climate change, long-term corporate commitments to decarbonisation, and the underappreciated impact of shrewd legislation."

"One of DoE under-secretaries has been dedicated to innovation."

"The department’s network of 17 national labs has always been excellent."

"Among its new clean-tech programmes are three climate “Earth-shots”

"One aims to reduce the production cost of hydrogen by 80% in a decade"

"Another to cut the cost of grid storage by 90%"

"And a third to develop affordable ways to suck carbon from the atmosphere."

Talk to you Wednesday Aug 10, 2022