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CLEAN ENERGY INSIDER
MAY 28, 2024
REAMS REPORT

Dear Friends and Colleagues,

At CRES, we know well that the best way to reduce global emissions is through innovation – not burdensome regulation. One opportunity for American energy innovation includes emerging hydrogen technologies.

Last week, CRES Forum released our latest white paper, “Growing an Industry for Clean Hydrogen ([link removed]) ,” highlighting how switching to clean hydrogen in hard-to-abate sectors can reduce global energy-related CO2 emissions by 10 to 25 percent. The paper examines the opportunities in the clean hydrogen sector and outlines how U.S. energy policy can de-risk the industry and spur crucial investment. However, as recognized in the paper, policy challenges remain, especially when it comes to the Biden Administration's latest rules and regulations.

It’s not just the future of hydrogen that hangs in the balance. The Biden Administration has recently issued a series of rules and regulations that undermine his climate agenda and will result in higher global emissions and energy costs.

For example, the U.S. Environmental Protection Agency’s (EPA) recent Clean Power Plan 2.0 imposes impractical mandates on power plants across the country and threatens U.S. energy reliability. American energy producers already produce some of the cleanest energy in the world, and they are actively working to reduce emissions within the sector. Placing unrealistic deadlines and regulations on our world-class industry will not only endanger our ability to keep the lights on here at home, but it will diminish our status as a leader in global emissions reduction. To combat this, CRES endorsed ([link removed]) Sen. Shelley Moore Capito (R-W.V.) and Rep. Troy Balderson’s (R-Ohio) efforts to overturn the rule in both chambers. CRES supports reducing emissions with workable solutions that are technologically feasible.

Despite these regulatory setbacks, U.S. industry continues to deliver affordable, reliable and clean energy to more Americans than ever. As reported by the Solar Energy Industries Association (SEIA) ([link removed]) , the United States has surpassed a remarkable milestone with over five million solar installations. This achievement underscores the rapid growth of the solar industry as it increasingly adds more clean energy to the grid. American industry does it best, from reducing emissions to growing the economy, and major achievements like this prove it.
Heather Reams
CRES President

WHAT CRES IS HEARING
"Currently geothermal accounts for about four percent electricity production, but it has great potential particularly in the western part of the United States. Geothermal has a smaller land use than wind and solar energy sources and the United States has the greatest geothermal capacity in the world. [..] Our energy needs are right underneath our feet.” — Rep. Dan Newhouse (R-Wash.) in a recent Congressional Western Caucus podcast ([link removed]) episode, “A Voice for Rural America,” discussing geothermal energy with Rep. Russ Fulcher (R-Idaho).
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“We could lower emissions by focusing on innovation and carbon capture and nuclear energy. We could export more natural gas to countries that primarily burn dirty coal. We could acknowledge the shocking fact that CO2 emissions are, in fact, global and primarily come from China. Rules and regulations should be seriously considering the costs and benefits not just blindly following the demand of some radical fools.” — Rep. Dan Crenshaw (R-Texas) at a hearing ([link removed]) examining the EPA’s budget request for Fiscal Year 2025.

WHAT CRES IS SAYING

About the New CRES Forum White Paper on Hydrogen...
“Providing business certainty to American companies leading the charge to innovate and scale new clean hydrogen technologies is critical and will achieve an extraordinary return on investment for the U.S. economy. A commonsense approach to clean hydrogen policy is paramount to break ground on new projects and help this important industry flourish.” — CRES President Heather Reams about CRES Forum’s new white paper, “Growing an Industry for Clean Hydrogen ([link removed]) .”
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About the New CRES Vice President of External Relations...
“I am proud to welcome Jaime to the CRES team, and I look forward to working with her as she expands CRES’ impact through partnerships with companies and organizations aligned with our mission. The work we do at CRES is multiplied with the support of partners who also want to ensure Americans have access to reliable, affordable and clean energy. As a proven executor, Jaime understands this and has the expertise to take our external relations endeavors to the next level.”  — CRES President Heather Reams in a statement ([link removed]) welcoming Jaime Werner as the new CRES VP of External Relations.

WHAT CRES IS DOING

CRES Forum hosted a panel discussion and networking event to celebrate the release of our new white paper, “Growing an Industry for Clean Hydrogen ([link removed]) .” The panel, moderated by CRES Forum Senior Policy Manager and white paper author Rebecca Lorenzen, consisted of Baxter Carr of the U.S. Senate Committee on Environment and Public Works, Jackie Carney of Constellation, Neeraj Bhat of AES Clean Energy, Tommy Gerrity of Ørsted and Morgan Crabtree of ExxonMobil. The discussion centered around the challenges facing America’s clean hydrogen economy, the opportunities for hydrogen to serve as a vehicle for economy-wide decarbonization and the important role it can play in U.S. global energy leadership. Click HERE ([link removed]) to read more.

WHAT CRES IS WRITING

Shining Bright: U.S. Surpasses 5 Million Solar Installations ([link removed])
The United States has reached a significant milestone: surpassing five million solar installations according to new data released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. This achievement reflects America’s work to increasing its renewable energy generation, with over half of these installations happening since 2020.

WHAT CRES IS READING

Clean Energy Is Driving ‘a New Era in American Manufacturing’ Across the Midwest ([link removed]) — Inside Climate News

Charging stations are failing to keep up with the EV boom ([link removed]) — The Washington Post

American Energy Is Clean Energy. It’s Time to Admit It. ([link removed]) — RealClearEnergy

Electric vehicle production drives investments in Georgia communities, workers ([link removed]) – The Effingham Herald

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