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GE has produced a Positioning Paper that discusses GE’s view on the critical role nuclear energy plays as the world transitions to a carbon-free future with a focus on:
- Source: NEI Magazine
- Date: Wednesday, 30 June 2021
- Original article: neimagazine.com/news/newsge-position-paper-sees-nuclear-as-critical-to-achieving-net-zero-8855793
Nuclear power, the largest source of carbon-free electricity generation today, should continue to be a pillar in the energy transition to a carbon-free future and in helping countries achieve energy security, GE says in a newly published 'positioning paper'. It says two parallel paths are needed: maximizing the lifetime output of the existing installed fleet and building new nuclear plants with best-in-class technology.
- Source: World Nuclear News
- Date: Friday, 25 June 2021
- Original article: world-nuclear-news.org/Articles/GE-outlines-nuclear-s-role-as-a-pillar-of-a-low-ca
In its latest Energy Policy Review of Spain released on 26 May, the International Energy Agency (IEA) says Spain has made considerable progress towards its goal of reaching net zero emissions by 2050, but future gains need to be supported by stable policies, adequate public financing and incentives for private investment.
- Source: NEI Magazine
- Date: Friday, 28 May 2021
- Original article: neimagazine.com/news/newsiea-report-on-spain-says-nuclear-phase-out-bears-watching-8773076
The report warns that “given the great challenge” for achieving carbon neutrality in 2050, the high level of nuclear technology infrastructure and skilled professionals in Spain could be used for developing and implementing long-term energy strategies including using nuclear to contribute to the decarbonisation of the electricity system and hard-to-abate sectors such as manufacturing and transport
Spain has decided to phase out its fleet of seven commercial nuclear reactors by 2035, but the report warns this might not be straightforward.
It says the government needs to closely monitor the financial situation of its “excellent” reactor fleet to prevent any unforeseen or sudden final shutdowns that could significantly deteriorate the security of electricity supply.
The phaseout of low-carbon nuclear, along with a planned phaseout of coal plants, means natural gas combined-cycle plants will be crucial to balancing out a power system that is heavily dependent on variable renewables once coal and nuclear have left the market.
- Source: Nucnet
- Date: Thursday, 27 May 2021
- Original article: nucnet.org/news/iea-says-madrid-should-not-rule-out-long-term-use-of-nuclear-technology-5-3-2021
The recently published joint publication by the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA), “Projected Costs of Generating Electricity – 2020” is the ninth edition of this report, which is produced every five years.
- Source: NEI Magazine
- Date: Monday, 14 December 2020
- Original article: neimagazine.com/news/newselectricity-generation-costs-examined-in-new-ieanea-report-8407206
The report, ‘Projected Costs of Generating Electricity’, says the LCOE of nuclear in 2025 will range from about $55-$95 per MWh. This compares to a maximum of almost $100/MWh for coal and about $80/MWh for gas. The cheapest non-dispatchable source of electricity is onshore wind of more than 1 MW, with an LCOE of $40-$50/MWh. Offshore wind is about $80-$110/MWh and utility scale solar PV $40-$80/MWh.
For nuclear plants that are in long-term operation, the cost falls considerably, with an LCOE of less than $40/MWh. Prolonging the operation of existing nuclear power plants is the most cost-effective source of low-carbon electricity. Hydroelectric power can provide a similar contribution at comparable costs, but remains highly dependent on the natural endowments of individual countries.
LCOE captures both capital and operating costs that need to be covered. It is essentially the long-term price at which the electricity produced by a power plant will have to be sold at for the investor to cover all their costs.
- Source: Nucnet
- Date: Thursday, 10 December 2020
- Original article: nucnet.org/news/nuclear-is-most-affordable-dispatchable-source-of-low-carbon-electricity-12-3-2020
Residents will see their electricity costs rise as Switzerland makes more use of fossil fuels on its way to phasing out nuclear power under the country's proposed new energy strategy.
- Source: World Nuclear News
- Date: Monday, 01 October 2012
- Original article: world-nuclear-news.org/Articles/Swiss-energy-strategy-relies-on-imports-and-gas