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Double Down on Federal R&D for Breakthrough Energy Technologies

By Aleksandra Srdanovic — May 22, 2019

Many breakthrough energy technologies have promise, but they are currently being held back by cost, scalability, and performance hurdles. Significant new federal R&D funding in these areas could accelerate the timeframe for innovators to clear these hurdles.

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OVERVIEW

Our Solutions In Brief

1. Double Down on Federal R&D for Breakthrough Energy Technologies

With increased funding, the Department of Energy would be able to explore and invest in several possible breakthrough energy technologies—with the potential to increase our supply of energy and to combat climate change—like carbon capture and storage, energy and battery storage, and next generation and modular nuclear reactors.

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Facts At-A-Glance

  • 264 Billion Barrels

    The estimated amount of proven oil reserves in the United States

  • 840,000 Americans

    would be pushed into poverty if household energy costs went up just 10%

  • $15 Billion

    Department of Energy funding for R&D and related activities in 2018

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