The U.S. Department of Energy (DOE) announced the launch of its Pathways to Commercial Liftoff, a set of reports that represent a new department-wide initiative to strengthen engagement between the public and private sectors to accelerate the commercialization and deployment of key clean energy technologies. The reports provide the private sector and other industry partners with a valuable, engagement-driven resource on how and when certain technologies—beginning with clean H2, advanced nuclear and long duration energy storage—can reach full scale deployment. The new initiative underscores the critical role that DOE plays in enabling widespread commercial adoption of the clean energy technologies that are essential to meeting President Biden’s ambitious goals of achieving 100% clean electricity by 2035 and a net-zero emissions economy by 2050.
“As we combat the climate crisis and race towards an equitable clean energy future, public and private partnerships will be more important and critical than ever before,” said U.S. Secretary of Energy Jennifer M. Granholm. “The Liftoff reports will help drive engagement between government and industry to unlock exciting new opportunities and ensure America is the global leader in the next generation of clean energy technologies.”
President Biden’s Bipartisan Infrastructure Law and Inflation Reduction Act provided DOE billions of dollars to invest in and support large-scale demonstration and deployment of clean energy technologies over the next decade. These historic investments are intended to drive commercialization and unlock trillions in private investment to set the nation on a course to hit critical long-term decarbonization objectives. The Liftoff reports will provide insights that will help steer those investments and enable the nation’s broader industrial strategy—creating high quality American jobs, strengthening domestic supply chains and global competitiveness, and facilitating an equitable energy transition.
By 2030, the reports concluded that cumulative investments must increase from approximately $40 B to $400 B across the H2, nuclear and long duration energy storage sectors, with continued acceleration until 2050 required to stay on track to realize long-term decarbonization targets.
Additional insights from the first three reports include: