Congressman Jay Inslee (D-WA) introduced the “21st Century Energy Technology Deployment Act” (insert link to attached pdf) earlier today. The bill is identical to a companion bill Senator Bingaman introduced back in June. The bill would create the “21st Century Energy Deployment Corporation,” which would allow for the development and deployment of many advanced, clean energy technologies.

Although the bill does not call for the appropriation of any funds, it would call for a set of short, medium and long term goals for the development of such technologies no later than a year after enactment of the bill. The following priorities are included as initial targets for deployment consideration by the Corporation:

  • Commercial scale carbon capture and storage from electricity generation that would capture at least 10 million short tons per year by 2015;
  • Solar photovoltaic systems with a power production cost of 14 cents per kWh;
  • Concentrated solar power systems with a power production cost of 6 cents per kWh;
  • Wind power systems greater than 100 kilowatts with a power production cost of (a) 3.6 cents per kWh by 2012 for land-based sites with average wind speeds of 13 miles per hour; and (b) 5 cents per kWh by 2015 for offshore wind systems with average wind speeds of 15 miles per hour;
  • New enhanced geothermal systems generation capacity with a power production cost of 5 cents per kWh by 2023;
  • Technologies to realize a 20 percent improvement in energy intensity by energy intensive industries by 2020; and
  • Advanced energy systems to achieve net-zero energy use in new residential and commercial buildings by 2025 through a 60 percent reduction in building energy use.