A senior State Department official is urging emerging U.S. businesses in the energy transition supply chain, such as hydrogen and wind power, to act quickly to avoid being dominated by China. Geoffrey Pyatt, assistant secretary for energy resources at the State Department, highlighted the need to prevent China from monopolizing sectors like wind power, small nuclear power, and hydrogen. He also emphasized the importance of not replacing European dependence on Russia for gas with a collective dependence on Chinese clean technology and critical minerals.
Frequently Asked Questions
Q: What is the importance of avoiding China dependence in US energy transition?
A: Avoiding China dependence in US energy transition is important to reduce reliance on a single country for critical minerals and components for renewable energy technologies. It helps maintain national security, economic stability, and technological advancement. Source
Q: What are the emerging sectors in the energy transition supply chain?
A: The emerging sectors in the energy transition supply chain include hydrogen and wind power. These sectors are crucial in the transition towards clean and renewable energy sources. Source
Q: What actions should US businesses in the energy transition supply chain take?
A: US businesses in the energy transition supply chain should act quickly to establish domestic capabilities and reduce dependence on China. They should invest in research, development, and manufacturing to ensure a reliable and resilient supply chain for critical minerals and components. Source