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

For the USA, despite the “Green Nuclear Deal” propaganda, solar power islooking a whole lot better.

Nuclear vs Solar: The Race For Renewable Dominance , Oil Price By Alex Kimani – Nov 11, 2020

“……….. the main sticking point to the promotion of thorium as a cleaner nuclear fuel is that it remains unproven on a commercial scale. Thorium MSRs (Molten Salt Reactors) have been in development since the 1960s by the United States, China, Russia, and France, yet nothing much ever came of them. Further, only about 50 of the world’s 440 reactors can currently be configured to run on thorium.

…… Unfortunately, practical nuclear fusion remains a long-shot and could be decades away from becoming a commercial reality.

We simply don’t have the luxury of time.

Further, nuclear power in the U.S. faces an uncertain future. ……………

Solar rising

Whereas the nuclear sector comeback has its work cut out for it, solar power has clearly been on the ascendancy thanks in large part to falling costs.

Nuclear advocates have pointed to rising electricity costs in California as the reason why other states should think twice before adopting its model. Environmental Progress has reported that between 2011 and 2018, power costs in the Golden State increased by 27.9% compared to a 4% national average. This period coincided with a period when California has been aggressively ramping up its renewable generation capacity. Renewable sources currently account for ~30% of California’s electricity generation with an aim to double that by 2030 and hit 100% by 2045.

But that’s being a bit disingenuous because it fails to capture just how much solar costs have fallen over the timeframe.

According to the Solar Energy Industries Association (SEIA), solar installation costs have dropped by more than 70% over the past decade, opening up vast new markets and systems nationwide. The organization says prices as of Q2 2020 dropped to their lowest levels in history across all market segments, with utility-scale prices ranging from $16/MWh – $35/MWh, thus making it competitive with all other forms of generation. Meanwhile, costs for the average-sized residential system were cut in half from a pre-incentive price of $40,000 in 2010 to roughly $20,000 today.

And no, renewables are not to blame for California’s blackouts.

……………..Strongly Bullish 

Despite these challenges, the solar sector remains strongly bullish.

Indeed, S&P Platts says that the shift to renewable energy is likely to continue full steam ahead regardless of fed policies noting that the energy transition has “clearly been moving forward on a regional basis,” despite lacking clear endorsement at the federal level under Trump.

It remains to be seen whether nuclear energy can command the same level of support.  https://oilprice.com/Alternative-Energy/Nuclear-Power/Nuclear-vs-Solar-The-Race-For-Renewable-Dominance.html

December 20, 2020 - Posted by | politics, renewable

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