Nuclear fusion is receiving major investments from tech founders. “There’s a reasonable probability at least one, maybe two companies will demonstrate fusion conditions in this decade,” said Ernest Moniz, EFI Foundation CEO. Moniz said the improvements in large-scale machine learning helped achieve conditions for fusion reactions.
The EFI Foundation President and CEO Ernest Moniz underscored the need for the United States to prioritize energy security amid Russia’s invasion of Ukraine, rising geopolitical tensions with China and Iran, and global supply chain shocks. He said that if oil prices dropped, we should add more oil to the strategic petroleum reserve to help us deal with future crises.
This three-part series explores how the federal government should design the hydrogen tax credit rules under the Inflation Reduction Act. Part two references EFI Foundation’s Hydrogen Demand Action Plan, which recommends that the U.S. Internal Revenue Service develop a phased approach to issuing guidance on the 45V tax credit.
The article discusses the U.S. Department of Energy’s (DOE’s) newly released guidelines about how to introduce advanced nuclear, clean hydrogen, and long-duration storage into the country’s energy mainstream. It references EFI Foundation’s Hydrogen Demand Action Plan about the ongoing challenges related to clean hydrogen development.
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EFI Foundation Distinguished Associate David Foster wrote an opinion piece in The Hill about industrial statesmanship’s role in the clean energy transition. He explained that embracing a decarbonized economy would create more energy jobs and promote social equity.
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The EFI Foundation’s President and CEO Ernest Moniz discussed whether direct cooperation between the United States and China on climate goals would be necessary as political tensions between the countries rise. He underscored that it would be nice, but not necessary, as long as each could still separately work on achieving their climate goals.
Oil and gas CEOs and the Biden administration disagree on the role that fossil fuels will play in the clean energy transition in the decades to come. The Energy Futures Initiative’s President and CEO Ernest Moniz said that executives and policymakers are talking past each other and emphasized that fuel sources, such as natural gas, will be critical in the next five decades.
The article mentions a recent report by the EFI Foundation about how to make carbon capture and sequestration investments blue chip. Jeffrey Brown, the managing director of the Energy Futures Finance Forum program, explained that profit motive, rather than the science underpinning the technology, is the main challenge right now.
The EFI Foundation’s Energy Futures Finance Forum (EF3) focuses on bolstering private investment in decarbonization, as explained in a new framing paper. “We’re not going to have the deployment of large amounts of low-carbon technology without private capital at a very, very large scale,” EFI CEO Ernest Moniz said at the program’s launch event.
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EFI Foundation’s new report, Turning CCS Projects in Heavy Industry and Power into Blue Chip Financial Investments, outlines how to scale carbon capture and storage (CCS) from an investor’s perspective. The report concludes that “improved market, permitting, and regulatory policies” are necessary for CCS.
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