nuclear-news

Power transmission companies benefit from Germany’s nuclear shutdown

Dealtalk: German nuclear exit a boon for Siemens, ABB, By Marilyn Gerlach, FRANKFURT | Jun 10, 2011 (Reuters) – Germany’s nuclear exit and power shortages in China may help boost demand for switchgears and transformers, benefiting European power transmission suppliers such as Siemens and ABB.

Germany’s parliament began debating its new energy bill on Thursday, clearing the way for the shutdown of 17 nuclear reactors from 2015. Analysts say the nuclear capacity gap could be replaced mostly by renewables, which are volatile sources of energy and so trigger a need to invest in grid transmission infrastructure. ….http://www.reuters.com/article/2011/06/10/us-germany-siemens-idUSTRE7592YQ20110610

June 11, 2011 - Posted by Christina Macpherson | business and costs, Germany