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ARPA-E Energy Innovation Summit 2011 Keynote Presentation: Secretary Steven Chu
 

ARPA-E Energy Innovation Summit 2011 Keynote Presentation: Secretary Steven Chu

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Secretary for the US Department of Energy, Steven Chu, discusses the big picture of how the United States uses Energy and why innovation in clean technology is the key to Winning the Future.

Secretary for the US Department of Energy, Steven Chu, discusses the big picture of how the United States uses Energy and why innovation in clean technology is the key to Winning the Future.

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  • Yeah, innovative and destructive energy research! Cool stuff :)
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  • I was there. Excellent sessions all
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    ARPA-E Energy Innovation Summit 2011 Keynote Presentation: Secretary Steven Chu ARPA-E Energy Innovation Summit 2011 Keynote Presentation: Secretary Steven Chu Presentation Transcript

    • Winning the Clean Energy Innovation Race ARPA-E Energy Innovation Summit National Harbor, MD 1 March, 2011
    • Price of oil will go up in the coming decades Oil prices: 1996 - 2011$140 Here?$100 Price today Here? Here?$20 In 2015 or 2020, what will be the price of oil? 1996 2010 2
    • $400 B flows out of the U.S. to import energy. There will also be tremendous increase in the demand for accessible and affordable cleanOil trade energy. 3
    • Our National Security is dependent on our Energy Security Energy created at home is wealth creation at home. Wayne Gretzky: “I skate to where the puck is going to be, not where it’s been.” … and so should America. 4
    • We must decrease our dependency on oilIncreasingfuel efficiencyElectrificationof vehicles Bio- fuels
    • 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. 6
    • Top Countries in Clean Energy Investment Clean Energy Investment as a Percentage of GDPSource : Third Way Dec. “Creating a Clean Energy Century” (2010), and“Who’s Winning the Clean Energy Race? Growth, Competition and Opportunity in theWorld’s Largest Economies,” Report, The Pew Charitable Trusts. 7
    • Other evidence of the Chinese innovation challenge• China has installed the highest voltage and capacity, lowest lossHVDC (800kV) and HVAC (1,000 kV) lines, and plans an integratedHVDC/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.• Holds the record for the highest speed rail in the world (with 220 mphoperational speed). 5612 miles of new high-speed rail is now underconstruction. (Japan - 1524 miles; France - 1163, U.S. – 0)• China will achieve 18% (and may reach 20%) renewable energy by2020 according to Zhang Xiaoqiang, vice-chairman of Chinas NationalDevelopment and Reform Commission. 8
    • We are losing our high-tech manufacturing base Percentage of global high-tech exports30.0025.0020.0015.00 United States EU10.00 China 5.00 0.00 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 9 NSF Science and Engineering Indicators 2010
    • ChinaASSET FINANCING: U.S.Typically used to install cleanenergy equipment andgenerating capacity. It is anindicator of clean energydeployment and the creation ofnew jobs. ChinaPUBLIC MARKET FINANCING: U.S.Sale of stocks enablescompanies to raise capital forexpansion and growth. 10
    • Profile of Venture Capital fundingThere was a significant influx ofventure capital in U.S. BrazilNext-generation biofuelsSolar energyEnergy efficiencySmart grid technologies China In response to the financial crisis,venture capitalists retreated fromnew companies and concentratedinstead on well establishedentities. 11
    • 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. What about the U.S.? 12
    • To create jobs, strengthen security and winthe 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. 13
    • 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…” -- President Obama, 2/14/11Touring Penn State UniversityEngineering Labs to discuss To promote economicenergy innovation, 2/3/11 competitiveness, the President’s budget makes critical investments in science and clean energy R&D. 14
    • The sun and wind are domestic sources of energy … but can the ,cost of clean energy (LOCE) be competitive with fossil energy? 15 Source: NAS/NAE America’s Energy Future, 2010
    • 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. An intense x-ray source at ArgonneWe’ve begun to reclaim was key to their breakthrough.technological leadership.Argonne National Labresearchers have developeda unique suite of cathodematerials to make lithium-ionbatteries cheaper, safer andlonger-lasting. 16
    • 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.By installing BMI’stechnology, the typicalbig rig can achieve fuelsavings between 7 and12 percent. 17
    • ARPA-E: Cutting-edge Research Nature has found a way to capture, transport and release CO2 without using excess energy. A synthetic analogue of an enzyme used by red blood cells to capture CO2 in the human body A new approach to windturbines based on proven jet engine designs 18
    • ARPA-E Program: Building Energy EfficiencyThrough Innovative Thermodevices (BEETIT)Primary Energy Usefor Cooling (kJ/kg) Today Future 120 Today 3X BEETIT Target & Competition 180 lb/ton-cooling 60 lb/ton-cooling Georgia Tech, 12 Theoretical Limit Georgia 19
    • President’s Goal: Generating 80% of electricity from clean sources by 2035 “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• Creates a guaranteed marketfor clean energy. The mostcompetitive clean energy sourceswill win in the market place.• Gives companies investmentcertainty.• Creates market certaintyneeded to create domesticmanufacturing supply lines.• Creates demand certaintyknown to simulate long-term gridinvestments. 20
    • America still has the opportunity to lead theworld in clean energy and capture the jobs of the 21st century, but time is running out. The train is leaving the station. 21 21
    • END 22