The US Department of Energy announced the launch of its Pathways to Commercial Liftoff initiative to promote clean energy use throughout commercial applications and settings in the U.S.
The Pathways to Commercial Liftoff initiative aims to foster stronger partnerships between the public and private sectors to accelerate the deployment and commercialization of critical clean energy technologies, according to a March 21 news release.
“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," Secretary of Energy Jennifer Granholm said in the release.
Through a series of comprehensive reports, the initiative will provide industry partners with critical insights into the timelines and strategies for scaling up specific clean energy technologies, including clean hydrogen, advanced nuclear and long duration energy storage, the release reported. This move is expected to drive innovation and investment in clean energy solutions, ultimately helping to mitigate the effects of climate change and safeguarding the future of our planet.
“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,” Granholm added, according to the release.
According to the Pathways to Commercial Liftoff reports, to achieve long-term decarbonization goals, the cumulative investments in the hydrogen, nuclear and long duration energy storage sectors must increase from $40 billion to $300 billion by 2030, with ongoing acceleration until 2050. The reports were created through stakeholder consultations and a blend of system-level and project-level financial modeling, the release reported.
These reports are intended to be "living documents" which will evolve and be updated to reflect the changing market, technology, policy environment and community needs and concerns, according to the release. DOE will continue to solicit input through industry forums, requests for information and regular interactions across industry, investors and other stakeholders to help inform decisions.