News & Articles on Nuclear Power
Nuclear is not renewable, but it’s listed here for organizational reasons. I wasn’t really interested in nuclear, didn’t think it had any future, and that it was effectively dead. I wasn’t writing about it. However, like a vampire, nuclear kept rising from the grave and stalking the land. Talk continued of reviving it one more time. This talk had a real effect on public policy in North America, especially in Ontario, Canada. Thus, I felt it necessary to include nuclear topics and this was the place on my web site where it was easiest to insert
Refurbished Three Mile Island Payment Structure Is Not Quite What It Seems
By
Steve Hanley
The plan to restart the shuttered reactor on Three Mile Island has already generated controversy as energy experts debate the merits of providing separate federal subsidies for the project in the form of tax credits. Constellation’s pursuit of the $1.6 billion federal loan guarantee, which has not been previously disclosed, is likely to intensify that debate. The loan guarantee request has cleared an initial review. It has now reached the stage where the specific terms of a deal would ordinarily start to be negotiated, according to the Washington Post. A loan guarantee would allow Constellation to shift much of the risk of reopening Three Mile Island to taxpayers. The federal government, in this case, would pledge to cover up to $1.6 billion if there is a default. The guarantees are typically used by developers to lower the cost of project financing, as lenders are willing to offer more favorable terms when there is federal backing.
Physicist MV Ramana on the problem with nuclear power
By
External Source
Ramana is keen to point out that the nuclear energy industry only survives because of government support. Through electricity bills and taxes, the public often pay a significant amount toward building and running nuclear plants, as well as storing the waste. Governments also provide subsidies, skew electricity markets in favour of nuclear and form such tight relationships with industry that they end up repeating their propaganda, he says. A key reason governments sink so much money into nuclear is because of how tightly bound up it is with nuclear weapons, which ostensibly guarantee a country’s security and strength, Ramana says. “Technically speaking, having a nuclear reactor means you’re going to have more capacity to make nuclear weapons,” he says, including through interchangeable personnel.
Jack Welch Screwed Up GE & Boeing, And With Them Much US Climate Action
By
Michael Barnard
The hollowing out of these once great American industrial giants is a sad story, and unfortunately that story has repercussions that will be felt for years to come as the country tries to come to grips with its intractable emissions problem. Although not the only root cause, a remarkable amount of the culpability rests on Jack Welch and his destructive take on capitalism.
Why fans of nuclear are a problem today
By
Jérôme Guillet
If nuclear made sense, Microsoft or Amazon or Rio Tinto would finance the construction of a few plants to feed their ever growing appetite for reliable carbon-free energy… In reality, despite all the high-powered attention, ridiculously few new nuclear plants are being built compared to new renewables, even in China. Nuclear is at best irrelevant and at worst a distraction…
Breakthrough Energy Ventures Has Bad Investment Theses Therefore Bad Investments
By
Michael Barnard
If BEV weren’t moving money and turning policy makers’ heads, I likely wouldn’t care. But billionaire adulation isn’t going to solve the climate crisis. Gates and the other founders are creating as many problems and causing secondary organizations and even governments to waste time and money we can ill afford. That’s not because they don’t care, but because they aren’t starting from reality. Investment theses require a very strong basis in reality and climate investments require strong technical due diligence. BEV’s theses in several parts of their portfolio are off base, and their technical due diligence approaches non-existent.
Sam Randazzo is dead and so is nuclear power
By
External Source
And thus the tragic legacy of Sam Randazzo and his push to keep Perry and Davis-Besse corruptly on line comes full circle. The biggest bribery scandal in Ohio history skates along the edge of an apocalypse made virtually certain by prolonging operations at two incredibly dangerous money sucking dinosaur nukes, and their 92 dying siblings around the US, 400+ worldwide. We mourn Sam’s passing. We pray his corrupt atomic legacy does not kill the rest of us.
Nuclear Continues To Lag Far Behind Renewables In China Deployments
By
Michael Barnard
Once again, China’s nuclear program barely added any capacity, only 1.2 GW, while wind and solar between them added about 278 GW. Even with the capacity factor difference, the nuclear additions only mean about 7 TWh of new low carbon generation per year, while wind and solar between them will contributed about 427 TWh annually, over 60 times as much low carbon electricity.
What Drives This Madness On Small Modular Nuclear Reactors?
By
Michael Barnard
This week I had an equivalent question from someone engaged by the Bulletin of the Atomic Scientists. The individual isn’t an industry insider and didn’t have a particular iron in the fire, but had been engaged to write a Bulletin piece on the perplexing enthusiasm small modular nuclear reactors (SMR) are seeing from an overlapping circle of advocates and firms. This was, of course, in the week when NuScale inevitably imploded, a story I’ll return to as I unpack some of the motivations behind those thinking a bunch of lab technologies that have been around for decades that depend on uranium from Russia, that don’t have the physical characteristics for cheap nuclear generation and don’t have the conditions for success for nuclear generation will be the saviours of the nuclear industry and a key wedge in fighting climate change.
UK Has £10 Billion Per Nuclear Reactor Decommissioning Bottomless Pit
By
Michael Barnard
The decommissioning costs for the UK’s nuclear generation are coming home to roost, and they are laying golden eggs for the firms that won the business. For UK citizens, not so much. Despite the very high costs of both the new nuclear reactors at Hinkley Site C, the rapidly rising costs of clean up and the much cheaper alternatives available, the country’s current administration remains committed to the technology. Something is likely to give. If there were no alternatives to nuclear generation, then this wouldn’t be a problem compared to global warming. But, of course, this is 2023 and there are proven, effective, efficient and reliable forms of low-carbon electrical generation that do compete with nuclear energy, wind and solar.
Adventures In Failed Technology: Small Modular Reactors & Hydrogen Buses
By
Michael Barnard
Small modular nuclear reactor and hydrogen for energy proposals and trials are all zombie proposals sucking time, effort, and willpower away from the necessary decarbonization of our economy. This little roundup is just an appetizer course for the absurd feast of riches to come with canceled projects and crashing dreams.
