Nuclear Issues

3 Items

Discussion Paper - Energy Technology Innovation Policy Project, Belfer Center

Energy Technology Expert Elicitations for Policy: Workshops, Modeling, and Meta-analysis

| October 2014

Characterizing the future performance of energy technologies can improve the development of energy policies that have net benefits under a broad set of future conditions. In particular, decisions about public investments in research, development, and demonstration (RD&D) that promote technological change can benefit from (1) an explicit consideration of the uncertainty inherent in the innovation process and (2) a systematic evaluation of the tradeoffs in investment allocations across different technologies. To shed light on these questions, over the past five years several groups in the United States and Europe have conducted expert elicitations and modeled the resulting societal benefits. In this paper, the authors discuss the lessons learned from the design and implementation of these initiatives.

The world's first grid-scale, flywheel-based energy storage plant is being built in Stephentown, N.Y. The plant is being built by Beacon Power Corporation (NASDAQ: BCON) & is supported by a $43 million loan guarantee from DOE.

Beacon Power Corp. Photo

Report - Energy Technology Innovation Policy Project, Belfer Center

Transforming the Energy Economy: Options for Accelerating the Commercialization of Advanced Energy Technologies

"The focus of the workshop was on the demonstration stage of the technology innovation cycle. Current policies do not adequately address the private sector’s inability to overcome the demonstration "valley of death" for new energy technologies. Investors and financiers fear that the technology and operational risks at this stage of the cycle remain too high to justify the level of investment to build a commercial-sized facility."

Conceptual drawing of a single B&W mPower™ nuclear reactor module inside its own independent, underground containment.

Babcock & Wilcox Photo

Report - Energy Technology Innovation Policy Project, Belfer Center

Tranforming the Energy Economy: Options for Accelerating the Commercialization of Advanced Energy Technologies—Framing Statement

"There is broad political consensus that the current energy system in the United States is unable to meet the nation's future energy needs, from the security, environment, and economic perspectives. New energy technologies are required to increase the availability of domestic energy supplies, to reduce the negative environmental impacts of our energy system, to improve the reliability of current energy infrastructure (e.g., smart grid, energy storage), and to increase energy efficiency throughout the economy."