nuclear-news

Nuclear vs Solar: The Race For Renewable Dominance

oil Price, By Alex Kimani – Nov 11, 2020

“………………………………………………………….. now some nuclear experts and activists are suggesting a middle-ground: The Green Nuclear Deal.

Far more Republicans (65%) than Democrats (42%) are pro-nuclear as per Gallup Polls.

………………………………………………….. The United States Department of Energy (DOE), Nuclear Engineering & Science Center at Texas A&M, and the Idaho National Laboratory (INL) have partnered with Chicago-based Clean Core Thorium Energy (CCTE) to develop a new thorium-based nuclear fuel they have dubbed ANEEL. ANEEL, which is short for “Advanced Nuclear Energy for Enriched Life”, is a proprietary combination of thorium and “High Assay Low Enriched Uranium” (HALEU) that hopes to solve some of the knottiest problems nuclear power faces, including high costs and toxic wastes.

That said, we pointed out that 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.

We have also highlighted how scientists have finally broken ground by kicking off the five-year assembly phase of the massive International Thermonuclear Experimental Reactor (ITER), the world’s largest fusion reactor, in Saint-Paul-les-Durance, France. Funded by six nations, including the U.S., Russia, China, India, Japan, and South Korea, ITER will be the world’s largest tokamak fusion device with an estimated cost of ~$24 billion and capable of generating about 500 MW of thermal fusion energy as early as 2025. 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. Of the country’s 97 currently active commercial nuclear reactors, 11 are scheduled for retirement by 2025. Only the Watts Bar plant in Tennessee has been commissioned over the past two decades, though two new reactors at the Vogtle plant in Georgia could be pressed into action as early as 2021.

The biggest obstacle for nuclear power, however, is that it remains a tough sell with well-publicized nuclear disasters such as Chernobyl, Fukushima, and Three Mile Island still looming large in the American public’s psyche. A Morning Consult survey has revealed that just 29% of Americans view nuclear energy favorably with 49% viewing it negatively thus making it the most unpopular energy source.

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………………………………….

Strongly Bullish 

Despite 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

April 30, 2023 - Posted by Christina Macpherson | business and costs, USA