nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

Nuclear company switching to renewable energy in USA

sun-championFlag-USAEDF exits US nuclear, focuses on renewables, Climate Spectator  31 Jul, French utility EDF, the world’s biggest operator of nuclear plants, is pulling out of nuclear energy in the United States, bowing to the realities of a market that has been transformed by cheap shale gas.

Several nuclear reactors in the US have been closed or are being shuttered as utilities baulk at the big investments needed to extend their lifetimes now that nuclear power has been so decisively undercut by electricity generated from shale gas.

“The spectacular fall of the price of gas in the US, which was unimaginable a few years ago, has made this form of energy ultra competitive vis a vis all other forms of energy,” EDF Chief Executive Henri Proglio told a news conference.

EDF agreed with its partner Exelon on an exit from their Constellation Energy Nuclear Group (CENG) joint venture, which operates five nuclear plants in the United States with a total capacity of 3.9 gigawatts………

International Energy Agency analyst Dennis Volk said CENG’s eastern US power plants were located in some of the most competitive power markets in the country, with high price competition, growing wind capacity and cheap gas.

“It is simply not easy to invest in nuclear and recover your money there,” Volk said.

Focus on renewables in US

Proglio said EDF would now focus on renewable energy in the United States. EDF employs 860 people in US solar and wind, and since 2010 its generating capacity has doubled to 2.3 gigawatts. It manages another 7 gigawatts for other companies……… http://www.businessspectator.com.au/news/2013/7/31/renewable-energy/edf-exits-us-nuclear-focuses-renewables

Advertisement

August 2, 2013 - Posted by | business and costs, renewable, USA

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: