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According to The President’s energy blueprint, the Obama Administration is calling on Congress to establish a $2 billion Energy Security Trust to invest in breakthrough research into technologies, such as advanced electric vehicles, homegrown biofuels, fuel cells, and domestically produced natural gas. The funds would come from oil and gas royalty revenues generated from development in Federal waters off the Outer Continental Shelf (OCS). Other highlights of the blueprint include: Making the renewable energy Production Tax Credit permanent and refundable; A new $25 million prize for the first, natural gas combined cycle power plant to integrate carbon capture and storage;… [more]View Insight
A recent report from the Bipartisan Policy Center, Energy Innovation at the Department of Defense: Assessing the Opportunities, challenges the assumption that the DoD can function as a be-all-end-all driver of U.S. energy. From the report: “DoD’s historical record on energy innovation is extraordinary, and there is reason to hope that important advances might come from a renewed effort in this area. But there also appear at present to be significant limitations upon the scope and scale of DoD’s likely influence on technological advance that can contribute to the nation’s energy infrastructure as a whole, and particularly to the development… [more]View Insight
[Note: The statements below are intended solely to stimulate discussion among the Expert community, and do not represent the position of OurEnergyPolicy.org. Text in italics indicates clarification or expansion.] An analysis of the current status shows that hydrogen powered cars, generation infrastructure and delivery infrastructure; all at competitive prices to other solutions are 20 years away under the best of circumstances. In any case, an affordable and efficient electric battery car will be available at least 10 years ahead of that and it will not require infrastructure changes. The hydrogen (fuel cell) car simply lost the race to the market.… [more]View Insight