Sec. Chu’s “Sputnik Moment”
America’s Power has posted this YouTube video of portions of Sec. Chu’s recent National Press Club speech.
He describes how the Chinese have, through investments in new clean coal technologies, brought the cost per megawatt hour of building ultra supercritical coal plants to equal or below the cost of conventional coal plants. He also notes that the Chinese now hold the record for building the world’s most energy efficient plants.
He goes on to liken the country’s need to move forward on energy policy and technology development to our next “Sputnik moment” where the U.S. must face the reality that Chinese development and technology may soon eclipse our own. He therefore encourages public/private collaboration on research, energy technologies, long range energy policy, the use of super computers and simulation, and carbon capture and storage.