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Winning the Clean Energy
Innovation Race
ARPA-E Energy Innovation Summit
National Harbor, MD
1 March, 2011
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Price of oil will go up in the coming decades
Price
today
Oil prices: 1996 - 2011
$100
$140 Here?
Here?
2
1996 2010
$20In 2015 or 2020, what will be the price of oil?
Here?
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$400 B flows out of
the U.S. to import
energy.
There will also be
tremendous increase
in the demand for
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Oil trade
in the demand for
accessible and
affordable clean
energy.
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Wayne Gretzky: “I skate to
where the puck is going to
be, not where it’s been.”
Our National Security is dependent on our Energy Security
Energy created at home is wealth creation at home.
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… and so should
America.
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We must decrease our dependency on oil
Increasing fuel efficiency
Electrification Electrification of vehicles
Bio-fuels
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We are in a race to develop the clean energy technologies the world will demand.
China, EU countries and others recognize the economic opportunities and are
investing big.
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Top Countries in Clean Energy InvestmentClean Energy Investment as a Percentage of GDP
Source : Third Way Dec. “Creating a Clean Energy Century” (2010), and
“Who’s Winning the Clean Energy Race? Growth, Competition and Opportunity in the
World’s Largest Economies,” Report, The Pew Charitable Trusts.7
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Other evidence of the Chinese innovation challenge
• China has installed the highest voltage and capacity, lowest loss HVDC (800kV) and HVAC (1,000 kV) lines, and plans an integrated HVDC/HVAC backbone.
• Broken ground on ~ 25 nuclear reactors out of more than 60 world-wide.
• Just surpassed the U.S. with the fastest super-computer in the world.• Just surpassed the U.S. with the fastest super-computer in the world.
• Holds the record for the highest speed rail in the world (with 220 mph operational speed). 5612 miles of new high-speed rail is now under construction. (Japan - 1524 miles; France - 1163, U.S. – 0)
• China will achieve 18% (and may reach 20%) renewable energy by 2020 according to Zhang Xiaoqiang, vice-chairman of China's National Development and Reform Commission.
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15.00
20.00
25.00
30.00
United States
We are losing our high-tech manufacturing base
Percentage of global high-tech exports
0.00
5.00
10.00
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
EU
China
NSF Science and Engineering Indicators 20109
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ASSET FINANCING:
Typically used to install clean
energy equipment and
generating capacity. It is an
indicator of clean energy
deployment and the creation of
new jobs.
China
U.S.
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PUBLIC MARKET FINANCING:
Sale of stocks enables
companies to raise capital for
expansion and growth.
China
U.S.
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There was a significant influx of
venture capital in
Next-generation biofuels
Solar energy
Energy efficiency
Smart grid technologies
Profile of Venture Capital funding
U.S.
Brazil
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In response to the financial crisis,
venture capitalists retreated from
new companies and concentrated
instead on well established
entities.
China
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China, EU countries and others recognize the economic opportunities and are
We are in a race to develop the clean energy technologies the world will demand.
What about the U.S.?
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the economic opportunities and are investing big.
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To create jobs, strengthen security and win the clean energy race, we need long range policies and a sustained commitment to
supporting energy innovation.
President Obama is committed to making America the world’s innovation leader.
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Investing in Scientific R&D to Unleash Energy Innovation
“Even as we cut out things that we can afford to do without, we have a responsibility to invest in those areas that will have the biggest impact in our future…”
Touring Penn State University Engineering Labs to discuss energy innovation, 2/3/11
-- President Obama, 2/14/11
To promote economic competitiveness, the President’s budget makes critical investments in science and clean energy R&D.
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, but can the cost of clean energy (LOCE) be competitive with fossil energy?The sun and wind are domestic sources of energy …
Source: NAS/NAE America’s Energy Future, 201015
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Federal support of R&D is critical to economic competitiveness (Example: Advanced Batteries)
DOE-supported research led to the development of the lithium-ion battery.
But technology leadership moved to Japan.
We’ve begun to reclaim An intense x-ray source at Argonne
was key to their breakthrough.
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We’ve begun to reclaim technological leadership.
Argonne National Lab researchers have developed a unique suite of cathode materials to make lithium-ion batteries cheaper, safer and longer-lasting.
was key to their breakthrough.
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Leadership in High-Performance Computing Leads to New Technology and Savings for Semi Trucks
BMI Corporation performed aerodynamic simulations using a DOE supercomputer to reduce wind resistance on semi trucks.
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By installing BMI’s technology, the typical big rig can achieve fuel
savings between 7 and
12 percent.
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A synthetic analogue of an enzyme
used by red blood cells to capture
CO2 in the human body
Nature has found a way to capture, transport and release CO2 without using excess energy.
ARPA-E: Cutting-edge Research
A new approach to wind
turbines based on proven jet
engine designs
CO2 in the human body
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ARPA-E Program: Building Energy Efficiency Through Innovative Thermodevices (BEETIT)
120 Today
Primary Energy Use for Cooling (kJ/kg)
Today Future
3X
12 Theoretical Limit
BEETIT Target & Competition
180 lb/ton-cooling 60 lb/ton-cooling
3X
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Georgia Tech, Georgia
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President’s Goal: Generating 80% of electricity from clean sources by 2035
• Creates a guaranteed market
for clean energy. The most competitive clean energy sources will win in the market place.
“Clean energy breakthroughs will only translate into clean energy jobs if businesses know there will be a market for what they’re selling.” – President Obama
will win in the market place.
• Gives companies investment
certainty.
• Creates market certainty
needed to create domestic manufacturing supply lines.
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• Creates demand certainty
known to simulate long-term grid investments.
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The train is leaving the station.
America still has the opportunity to lead the
world in clean energy and capture the jobs of the
21st century, but time is running out.
2121
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