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- Carolyn Seto
Although the oil and gas industry has been involved in carbon capture, utilization, and storage (CCUS) development for over 50 years, only a handful of large-scale projects have been deployed. Hub CCUS has emerged as a promising pathway to accelerate deployment and enable the oil and gas industry to transition toward a low-carbon energy future. What is driving this new development approach? How are stakeholders adapting to support hub deployment? How will the commercial landscape evolve to reap the value of CCUS hubs?
Decarbonizing the global economy requires significant investment. At the same time, the technologies needed to enable this goal still require both technical and commercial de-risking. With no single entity able to perform the heavy lifting associated with transitioning the energy system, what should the role of government be in accelerating this level of decarbonization? How can it support innovation to advance net zero goals? What synergies amongst ecosystem players can be leveraged to deliver these solutions?
New technologies are needed to enable a reliable and resilient zero-carbon energy system. High capital costs and long lead times associated with developing these types of technologies pose challenges to scaling. What innovations—technological, commercial, and regulatory—are needed to accelerate their development and deployment? How are innovation models evolving to meet this need? What effective strategies will manage risk in developing these technologies across the innovation lifecycle? This session explores these questions and provides a from-the-trenches perspective from members of the 2022 class of Energy Innovation Pioneers.
The global energy system is a highly optimized, complex entity shaped by reliability, regulatory, and economic demands; creating inertia for the development of the very technologies needed to provide step change improvements in performance and sustainability. What emergent innovations are on the horizon to meet these needs? How are new entrants developing and scaling these transformative technologies? How can they leverage current structures to accelerate development? This panel features members of the Energy Innovation Pioneers class of 2022 who will share their perspectives on how they are overcoming these challenges to commercialize their innovations.