nuclear-news

Pulling down nuclear reactors now looks like the only viable area for the nuclear industry

Nuclear Power Is In Crisis As Cost Overruns Cripple Industry Giants, New Matilda.,  By Jim Green on February 26, 2017  “………‘Rapidly accelerating crisis’

Shellenberger has recently written cataclysmic assessments of nuclear power’s “rapidly accelerating crisis” and a “crisis that threatens the death of nuclear energy in the West“.

Likewise, Dan Yurman says that a “sense of panic is emerging globally” as Toshiba exits the reactor construction industry. He adds: “After nine years of writing about the global nuclear industry, these developments make for an unusually grim outlook. It’s a very big rock hitting the pond. Toshiba’s self-inflicted wounds will result in long lasting challenges to the future of the global nuclear energy industry. Worse, it comes on top of the French government having to restructure and recapitalize Areva, its state-owned nuclear power corporation, so that it can complete two 1650 MW EPR reactors that are under construction in Europe and to begin work on the Hinkley project the UK.”

Ironically, Westinghouse, the villain in Toshiba’s demise, may have made the best strategic decision of all the nuclear utilities. In 2014, Westinghouse announced plans to expand and hopefully triple its nuclear decommissioning business. Decommissioning is undoubtedly a growth area.

The average age of the global reactor fleet now stands at 30 years. The World Nuclear Association anticipates 132 reactor shut-downs by 2035. The International Energy Agency anticipates a “wave of retirements of ageing nuclear reactors” and an “unprecedented rate of decommissioning” ‒ almost 200 shut-downs between 2014 and 2040. Up to 200 reactors are set to go offline in the next two decades according to a recent Nuclear Energy Insider article……… https://newmatilda.com/2017/02/26/nuclear-power-is-in-crisis-as-cost-overruns-cripple-industry-giants/

February 27, 2017 - Posted by Christina Macpherson | 2 WORLD, decommission reactor