for Department of energy
On the agenda at budget hearings this week will be energy innovation, the proper size of the Strategic Petroleum Reserve (SPR), offshore drilling, and oil production on public lands.
The commercialization of energy and transportation technologies can be very expensive and risky, so given the enormous task of reducing oil dependence, partnerships established through ARPA-E projects will be very vital.
The DOE’s National Laboratories are a core engine of national innovation system but one in urgent need of a tune-up if the U.S. is to meet the pressing challenges of energy security.
Despite the DOE and others making the case for a slimmer Strategic Petroleum Reserve, the U.S. is still vulnerable to wild price swings and global supply outages.
Panelists also explored how Silicon Valley will influence the automotive industry, as the tech industry brings its deep pockets and disregard for regulatory structures to bear.
Secretary of Energy Ernest Moniz stated that energy security is a “collective responsibility,” noting, for example, that insecurity elsewhere negatively affects the U.S.
Electric utilities are one major entity that can gain financially from deployment of charging stations for electric vehicles and will be key in improving charging infrastructure.