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Author Topic: How the Nuclear Power "Industry" Views Renewable Energy Technology  (Read 1682 times)

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AGelbert

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Nuclear White Elephants get Fiscally Nuked!  ;D 
 



SC Utilities Pick Nuclear Option ;D for Reactor Projects

South Carolina utilities announced Monday that they will halt construction of two unfinished nuclear reactors, dealing a major blow to the struggling industry. 

The decade-old projects have been plagued by issues, costing utilities nearly $10 billion dollars to date while being 5 years behind schedule and only 40 percent completed.

The decision and other plant closures and problems this year reflect major issues in the American nuclear industry, including high operating cost, the lack of domestic supply chain due to a lack of new reactors and additional competition from natural gas and renewable energy.  

https://twitter.com/ClimateNexus

I saw that. Excellent news.
Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

AGelbert

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June 6, 2021

Nuclear Subsidies May Be Slowing Transition to Clean Energy, Advocates Say

BY Leanna First-Arai, Truthout

SNIPPET:

New York residents pay among the highest rates for electricity in the U.S.

Under the subsidy system, which other states, including Maryland and Pennsylvania, have since considered and is currently under negotiation in Illinois, subsidies for “zero carbon” power, which the nuclear facilities qualify for, have far eclipsed financial support for wind and solar. According to the New York State Energy Research and Development Authority’s latest financial status report, the state’s nuclear facilities received over $500 million in 2020, where renewable energy facilities received only $5 million.

Clean energy advocates highlight that ratepayers’ dollars would stretch further if spent supporting the most affordable energy options. According to a 2020 analysis by the asset management firm Lazard, each megawatt hour of nuclear power generated without subsidy payments cost $129-$198 in comparison with the price of generating the same amount of energy via wind power, estimated at $26-$54, or community solar power, at $63-94. Amory Lovins, founder of energy think tank the Rocky Mountain Institute, explained in Forbes that curbing climate change requires saving the most carbon in the least amount of time, a calculus in which price plays a major role. “Costly options save less carbon per dollar than cheaper options. Slow options save less carbon per year than faster options. Thus, even a low- or no-carbon option that is too costly or too slow will reduce and retard achievable climate protection,” Lovins wrote.

Energy policy analyst and activist Paul Gunter of Beyond Nuclear reinforced Lovins’s point. “Operating economically distressed and deteriorating nuclear power stations diverts critical resources and wastes what precious little time remains for deploying more carbon reduction quicker, more cost effectively,” he told Truthout.

Full article:
https://truthout.org/articles/nuclear-subsidies-may-be-slowing-transition-to-clean-energy-advocates-say/

Light is sown for the righteous, and gladness for the upright in heart. Ps. 97:11

 

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