• CERAWeek
  • March 18 - 22, 2024

David Crane

United States Department of Energy

Director of the Office of Clean Energy Demonstrations

David Crane is the Director of the Office of Clean Energy Demonstrations. David Crane is a leading business voice in the field of sustainability, clean energy, and climate change. Previously Crane was the CEO of Climate Real Impact Solutions and served on the boards of Heliogen Inc., Source Global, JERA Co. Inc., and Tata Steel Ltd. along with the not-for-profits Elemental Excelerator and The Climate Group NA. Prior to Climate Real Impact Solutions, Crane was CEO of NRG. During his 12-year tenure, he took NRG from Chapter 11 to a Fortune 200 company. Crane also led NRG to the forefront of next-generation clean energy development through large-scale initiatives in utility scale renewables (now Clearway), residential solar, post combustion carbon capture (Petra Nova), and DC fast charging (EVGO). Prior to NRG, Crane was CEO of International Power plc, a United Kingdom-domiciled FTSE 100 company. During Crane’s tenure, NRG won numerous industry, community, and environmental awards, including multiple “transaction of the year” awards. Crane was named Energy Industry “CEO of the Year” by EnergyBiz in 2010, top CEO in the electric utility sector by Institutional Investor in 2011, and “Entrepreneur of the Year” by Ernst & Young in 2010. Crane was also awarded the Corporate Environmental Leadership award by GlobalGreen in 2014 and the Equinox Solar Champion Award and The C.K. Prahalad Award for Global Sustainability Business Leadership, both in 2015. NRG, under Crane’s leadership, was a key member of the U.S. Climate Action Partnership from 2008 to 2011. Crane is a graduate of Harvard Law School and Princeton University.

Sessions With David Crane

Monday, 6 March

  • 02:30pm - 03:00pm (CST) / 06/mar/2023 08:30 pm - 06/mar/2023 09:00 pm

    What Does a PTC Mean for Financing Hydrogen Development?

    Extensive investment commitments to low-carbon hydrogen were made in 2022 after the passage of the US Inflation Reduction Act promised creation of a new class of tax credits that will provide generous support to the first generation of producers. With financing ready to be placed but projects still in the earliest planning phases, how can investors determine tax credit eligibility and model operating returns on these capital-intensive investments?

Wednesday, 8 March

  • 08:30am - 09:00am (CST) / 08/mar/2023 02:30 pm - 08/mar/2023 03:00 pm

    Pathways to Commercial Liftoff

    The U.S. Department of Energy (DOE) plays a critical role in accelerating the commercialization of clean energy technologies and enabling the nation’s broader industrial strategy. The historic Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) have reinforced this mandate, positioning the DOE to invest billions of dollars in large-scale demonstration and deployment of these technologies over the next decade. These investments are intended to drive commercialization and unlock trillions in private investment over the same period, to set the nation on a course to hit critical long-term targets. DOE’s Demonstration & Deployment Pathways Reports provide public and private sector capital allocators and decision makers with a perspective as to how various technologies could reach full-scale adoption and commercial bankability.

Thursday, 9 March