There are great opportunities in this country to build new companies that meet challenges presented by transitions over the coming decades to low carbon, competitive, and globally sustainable economies of the future.
Energy technologies and strategies are constantly in transition as countries around the world strive for economic growth and stability, a reasonably healthy environment, and national security. The term TransTech Energy (TTE) refers to transition technologies and strategies that move us along the pathway to a lower carbon, industrially competitive, clean energy economy of the future.
The goal is to promote investment in and nurturing of new companies and commercializable projects that can provide solutions to energy, environmental, and economic development challenges such as creating new jobs and more competitive industries.
TransTech Energy technologies:
- reduce greenhouse gas emissions
- improve industrial competitiveness, increase demand for advanced manufacturing processes, and create new business development opportunities
- are generally available for implementation in the near term yet present research challenges to achieve greater effectiveness in the future
- enable energy-intensive manufacturing companies and fossil energy industries to reduce emissions and improve efficiencies
Examples of TransTech energy technologies include:
- New chemical pathways for converting shale gas to low-cost chemical feedstocks
- Technologies that improve the approximate 6% rate of reuse of industrial waste water
- Industrial applications of hybrid fossil/renewable energy systems such as coal/biomass co-firing and solar/natural gas turbines
- Fast growing grasses, trees, or other energy crops for biomass energy production or conversion to liquid or gaseous fuels
- Energy recycling systems for efficiently capturing and utilizing waste heat, vented pressure drops, and/or flared gases
- New construction materials or building designs that significantly improve building energy efficiency
- Technologies for long-term storage of heat energy
- Conversion of industrial by-products and waste materials to value-added construction materials or feedstocks for other industry sectors
- Lightweight, high-strength metals or composite materials that could improve energy efficiency of vehicles
- Inventions that would improve upon the ~21.5% fuel energy utilization for a typical IC engine automobile
- New types of batteries that improve upon the energy density of automotive lithium ion batteries
- Materials or manufacturing processes to make lower-cost, high-pressure tanks for on-board storage of natural gas or hydrogen
- Electricity storage technologies and/or sensor and control systems that help maintain stability of a grid with numerous intermittent power sources
TransTech Energy technologies are meant to be part of the pathway to a low-carbon energy economy of the future and are particularly important for states whose economies involve significant production and use of fossil fuels. TransTech Energy technologies can help energy-intensive companies and fossil fuel industries improve efficiencies, reduce CO2 and other GHG emissions, while improving competitiveness of manufacturing companies that are some of the very largest customers of fossil-based power.