Nuclear ‘hard to justify’, says GE chief
July 30, 2012 6:00 am
Nuclear hard to justify, says GE chief
By Pilita Clark, Environment Correspondent
Nuclear power is so expensive compared with other forms of energy that it has become really hard to justify, according to the chief executive of General Electric, one of the worlds largest suppliers of atomic equipment.
Its really a gas and wind world today, said Jeff Immelt, referring to two sources of electricity he said most countries are shifting towards as natural gas becomes permanently cheap.
When I talk to the guys who run the oil companies they say look, theyre finding more gas all the time. Its just hard to justify nuclear, really hard. Gas is so cheap and at some point, really, economics rule, Mr Immelt told the Financial Times in an interview in London at the weekend. So I think some combination of gas, and either wind or solar thats where we see most countries around the world going.
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At the same time, a 75 per cent fall in solar panel market prices in the past three years has made solar power competitive with daytime retail electricity prices in some countries, according to a recent report by Bloomberg New Energy Finance, while offshore wind turbine prices have steadily declined.
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This story is also at CNN http://www.cnn.com/2012/07/30/business/ge-chief-nuclear/index.html
DCKit
(18,541 posts)Never heard a Republic say that about solar... I wonder why.
Lucky Luciano
(11,248 posts)think
(11,641 posts)Lots of discussion going on about cold fusion like energy creation going on now days. Don't have time at the moment to point out specifics but this site covers all the developments very well:
http://www.e-catworld.com/
BlueinOhio
(238 posts)The new plants are safe. Nuclear is the most studied and regulated.The designs that the NRA has needs to be implemented. The others need more time and time is something we dont have. Something to think of oil has been trying to kill off nuclear for years. Reagan and Bush privatized our only source of processing that brought about USEC. USEC was created by the same people that brought you ENRON. Privatization is always failure. And before anyone hollers Clinton and Timbers. Reagan and Bush appointed Timbers and made sure he would be put in place.
Gas is cheaper at what cost Fracking. Pollution in water co2 and earthquakes.
DCKit
(18,541 posts)BlueinOhio
(238 posts)Reality bites.
think
(11,641 posts)The new plants what happened at Fukushima would not have happened. That event was of epic proportions. Think of all the cost to remove the debris from the sea.that will be quick, easy and virually cost free also!
think
(11,641 posts)with solid arguments like that. Nuclear fission is rapidly becoming history. Now if you want to discuss nuclear fusion we might find some common ground.
But it is the right way to go now. The others are nascent and defiantly not ready to replace coal and gas. Solar has its own issues with the materials its made out of and wind mills are inefficient take up space and kill migratory birds en-mass. People just respond emotionally and not through reason. Germany is its own problem.
kristopher
(29,798 posts)By Eleanor Warnock
...After March 11, its fair to say I changed my thinking [on nuclear energy] 180 degrees, he told reporters in Tokyo.
When I saw that the country was in such a precarious situation, I thought, What is a safe nuclear plant anyway? My conclusion was that safety is only possible in a society that doesnt rely on nuclear power, the 65-year-old former leader said.
...At what he said was his first formal press conference since resigning, Mr. Kan, wearing a short-sleeved shirt and no tie, maintained a serious demeanor rarely smiling and pausing to think between his sentences.
...He said that his goal is to get parliament to pass a proposal drafted by Mr. Kan and other lawmakers to phase out nuclear power and increase Japans share of renewable energy from 10% in 2010 to 38% by 2025.
http://blogs.wsj.com/japanrealtime/2012/08/01/fukushima-watch-former-pm-kan-sets-out-vision-for-nuclear-free-japan/
You can't engineer out the human element.
by KARL GROSSMAN
The conclusion of a report of a Japanese parliamentary panel issued last week that the Fukushima Daiichi nuclear power plant disaster was rooted in government-industry collusion and thus was man-made is mirrored throughout the world. The regulatory capture cited by the panel is the pattern among nuclear agencies right up to the International Atomic Energy Agency.
The Fukushima nuclear power plant accident was the result of collusion between the government, the regulators and Tepco [Tokyo Electric Power Company, the owner of the six Fukushima plants] and the lack of governance by said parties, said the 641-page report of The Fukushima Nuclear Accident Independent Investigation Commission released on July 5.
....
In fact, the nuclear regulatory situation in Japan is the rule globally.
In the United States, for example, the U.S. Nuclear Regulatory Commission and its predecessor agency, the Atomic Energy Commission, never denied a construction or operating license for a nuclear power plant anywhere, anytime. The NRC has been busy in recent times not only giving the go-ahead to new nuclear power plant construction in the U.S. but extending the operating licenses of most of the 104 existing plants from 40 to 60 yearsalthough they were only designed to run for 40 years. Thats because radioactivity embrittles their metal components and degrades other parts after 40 years making the plants unsafe to operate. And the NRC is now considering extending their licenses for 80 years.
Moreover, the NRCs chairman...
http://www.counterpunch.org/2012/07/12/fukushima-and-the-nuclear-pushers/
10,000 yen is about $125.
Kyodo
If the troubled Monju prototype fast breeder reactor project continues, its costs will swell to more than ¥1.4 trillion and its power generation costs will be ¥10,000 per kwh, roughly 1,000 times greater than a regular reactor, according to data compiled by Kyodo News.
Construction of the reactor in Tsuruga, Fukui Prefecture, started in 1985 as part of the government's goal to establish a nuclear fuel cycle to make use of spent nuclear fuel at conventional atomic plants that run on uranium. Monju uses a uranium and plutonium mix known as MOX as fuel.
The facility operated by the government-affiliated Power Reactor and Nuclear Fuel Development Corp. first reached criticality where a chain reaction of nuclear fission is sustained in 1994.
But sodium, used as a coolant, leaked during its test run in December 1995. Around 640 kg of leaked sodium reacted with air and sparked a fire, forcing a prolonged suspension.
The operator was also caught trying to cover the incident up...
http://www.japantimes.co.jp/text/nn20120704f1.html#.T_SQC458vdk
BlueinOhio
(238 posts)http://www.newscientist.com/special/iter-benign-limitless-energy
http://www.iter.org/media/www/downloads/poster_2009_new_scientist_iter.pdf
This is already in construction.
http://www.nytimes.com/2011/12/23/business/energy-environment/nrc-clears-way-for-new-nuclear-plant-construction.html
To be built here in the USA
think
(11,641 posts)But cold fusion makes even more sense than this.....
kristopher
(29,798 posts)US National Renewable Energy Lab says 80% of US electricity can be renewable by 2050, even with current technology.
http://www.democraticunderground.com/112718362
Original study with great interactive features here:
http://www.nrel.gov/analysis/re_futures/
Of course, the transition will be faster if we can dispense with obstructionists trying to maintain the present centralized thermal system built on coal and nuclear.
The fruits of yet another effort by Republican Obstructionists working on behalf of corporate interests.
What steps can the U.S. take to keep up with the Johanneses?
ERIC WESOFF: JUNE 19, 2012
...According to the BSW, average German system prices in the second quarter of 2012 were estimated at EUR1.776 per watt peak, or $2.24 per watt peak at current exchange rates. Since Germany is dominated by rooftop systems (72 percent of installations in 2011), this is an impressively low number. Assuming a module price of around $0.90 per watt peak, this implies an average balance of system cost of $1.34 per watt peak.
This is one of the reasons why, as Mehta puts it, the German downstream market is still alive and well. While only 650 megawatts were installed in January and February (typical for Germany), preliminary results from the BSW indicated deployment of 1.15 gigawatts in March, largely due to pull-in effects of an expected April feed-in tariff cut, which was subsequently delayed. Second-quarter installation run-rates are proceeding at a healthy clip, in large part due to the deployment of grandfathered ground-mounted projects under the pre-April 1 feed-in tariff regime.
GTM Research is currently estimating 2012 installations in Germany to come in at around 6.5 gigawatts, compared to 7.5 gigawatts in 2011.
On the other hand -- as just detailed in GTM Research's U.S. Solar Market Insight -- the U.S. average system price was $4.44 per watt in the first quarter of 2011...
http://www.greentechmedia.com/articles/read/German-Solar-Installations-Coming-in-at-2.24-Per-Watt-Installed-U.S-at-4/
Jim Lane
(11,175 posts)Natural gas, like any fossil fuel, is a finite resource. It simply can't be permanently cheap.
The longtime assumption of an inexhaustible supply of petroleum eventually gave way to the reality of Peak Oil. The same will happen with gas.
Scuba
(53,475 posts)... the advertising schtick was "Electricity is penny cheap".
How'd that work out?