Alternative Energy & Clean Tech
The energy transition beyond traditional renewables — battery storage, hydrogen fuel cells, carbon capture and sequestration, EV charging infrastructure, grid modernization, clean-tech investment, and the emerging technologies reshaping how the world produces and consumes energy.
Battery Storage & Grid-Scale Energy Storage
Utility-scale battery storage is the fastest-growing segment of the U.S. power sector, surging from under 2 GW in 2020 to approximately 22 GW by 2026. Lithium-ion batteries dominate with 4-hour discharge configurations, serving peak shaving, frequency regulation, and renewable firming functions. In CAISO, batteries routinely provide 5-7 GW of evening peak power.
Long-duration storage (8-100+ hours) is the next frontier. Technologies like iron-air batteries (Form Energy), compressed air energy storage, and vanadium flow batteries aim to provide multi-day backup during extended weather events when wind and solar are unavailable. The DOE’s Long Duration Storage Shot targets a 90% cost reduction by 2030.
Hydrogen & Low-Carbon Fuels
Hydrogen is positioned as a key decarbonization tool for hard-to-electrify sectors: steel manufacturing, cement production, long-haul trucking, shipping, and aviation. The U.S. DOE has designated seven Regional Clean Hydrogen Hubs with $7 billion in funding under the Infrastructure Investment and Jobs Act.
Green hydrogen (produced via electrolysis powered by renewables) costs approximately $5-7/kg today versus $1-2/kg for gray hydrogen (natural gas reforming). The Inflation Reduction Act’s production tax credit of up to $3/kg is designed to close this gap. Blue hydrogen (gas reforming with carbon capture) occupies a middle ground at $2-3/kg.
Carbon Capture, Utilization & Storage (CCUS)
CCUS technology captures CO2 emissions from industrial facilities and power plants before they reach the atmosphere. The captured CO2 is either stored underground in geological formations or utilized in industrial processes. The IRA’s enhanced 45Q tax credit of up to $85/ton for geological storage and $60/ton for utilization has triggered a wave of project announcements.
Direct Air Capture (DAC) — removing CO2 directly from ambient air — is the most ambitious frontier. Companies like Climeworks and Occidental’s 1PointFive are building industrial-scale DAC facilities, though costs remain high at $400-600/ton versus $50-100/ton for point-source capture.