The Energy Act of 2020 is now law! And it's the first step toward tripling clean energy innovation funding to $25 billion by 2025, a target we @ColumbiaUEnergy & @ITIFdc set in "Energizing America" and that @BillGates' @TheAEIC endorsed this month. Here's why I'm so excited 1/ https://twitter.com/vsiv/status/1305832189519704065

In the most sweeping energy bill in over a decade, the Act authorizes $35 billion for clean energy innovation over the next five years. @ThirdWayEnergy has a fantastic rundown of the 17 demo projects and RD&D priorities here 2/ https://www.thirdway.org/blog/congress-makes-a-downpayment-on-our-clean-energy-future

The Act is full of thoughtful provisions that learn the hard-earned lessons from decades of federal cleantech investment. For example, it holistically supports both tech-push (RD&D) & demand-pull (prizes, milestone payments, OTA) @SciSpence & other dedicated, brilliant staff 3/

The scope of technologies it would support is breathtaking and nails the 10 pillars we proposed, spanning storage, grids, renewables (oh yeah...perovskite PV ), advanced nuclear, CCUS, DAC, CDR, industrial decarbonization, digital technologies, efficiency, and much more. 4/

BUT remember: this is just the first step. Congress may have authorized new funding, but it must now appropriate it in coming years. And we can demand even more ambition, such as ramping up @ARPAE's budget to $1 billion (the Energy Act gets to $761MM). Here's the plan 5/5