Yesterday, U.S. Energy Secretary Steven Chu delivered a speech to the National Press Club in Washington, DC, urging more investments in energy research and development so that we can both compete and work with other countries, like China, on advanced clean energy technologies. Chu calls this a “Sputnik Moment” for the United States, a critical point where the public and private sectors must work together to provide clean and abundant sources of energy to power our economy.
Chu makes three important points:
- For the past two decades, China has successfully developed clean coal technologies with supercritical and ultra-supercritical coal-fueled power plants, and has successfully commercialized them on a very large scale.
- This success is why the Department of Energy is investing in methods to make advanced clean coal technologies, like carbon capture and storage, more affordable so that they can also be successfully commercialized.
- All of this depends on a long term, bipartisan energy policy and continued investment into energy research and development.
Watch Chu make these three very important points in this video:
Secretary Chu is right: “Wealth creation is driven by innovation.” And the innovations that have been made in clean coal technologies by the coal-based electricity industry of the past few decades gives us a great foundation for the industry to develop tomorrow’s innovations in carbon capture and storage, technologies that can use one of our most abundant and affordable sources of energy as a part of this country’s clean energy future.