The last energy revolution that changed the world — natural gas fracking — happened in part thanks to the Department of Energy (DOE). Early R&D funding, support for horizontal drilling, and key public-private partnerships helped fracking get off the ground and turn America into an energy powerhouse.
Now, we are on the cusp of another energy revolution, this time focused on the clean technologies of advanced nuclear, geothermal, natural hydrogen, and fusion. Fortunately, the United States is rich in these energy resources. The challenge with these technologies isn’t a lack of supply; it’s the speed and scale at which we can bring this energy online.
American innovators and entrepreneurs are ready to deliver solutions, but outdated bureaucracy and inefficiency within the DOE threaten to delay progress. With a leader like Secretary Chris Wright, who brings real-world experience from the private sector, the DOE has an opportunity to once again become a force multiplier for energy innovation — if it embraces smart, structural reforms.
The Next Energy Revolution Is Coming. Is the DOE Ready?
Drew Bond writes in RealClearEnergy about the innovative clean technologies that are spurring a new energy revolution.
Read more in RealClearEnergy here.
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