Zero Hedge
A new, shocking report by researchers at Carnegie Mellon University’s Department of Engineering and Public Policy (EPP), Harvard University, and the University of California San Diego School of Global Policy and Strategy discovered that the US nuclear power industry could be on the verge of a collapse — a reality that many have yet to realize.
Published in Proceedings of the National Academy of Science (PNAS), “US nuclear power: The vanishing low-carbon wedge” examined 99 nuclear power reactors in 30 states, operated by 30 different power companies. As of 2017, there are two new reactors under construction, but 34 reactors have been permanently shut down as many plants reach the end of their lifespan.
For more than three decades, approximately 20 percent of U.S. power generation has come from light water nuclear reactors (LWRs). These plants are now aging, and the cost to service or upgrade them along with fierce competition from Trump’s economic order to prop up failing coal and heavily indebted shale oil/gas companies make nuclear power less competitive in today’s power markets.
In return, the American shale boom could trigger a significant number of US nuclear power plant closures in the years ahead, the researchers warned. The country is now at a critical crossroad that it must abandon nuclear power altogether or embrace the next generation of miniature, more cost-effective reactors.
Read more
A new, shocking report by researchers at Carnegie Mellon University’s Department of Engineering and Public Policy (EPP), Harvard University, and the University of California San Diego School of Global Policy and Strategy discovered that the US nuclear power industry could be on the verge of a collapse — a reality that many have yet to realize.
Published in Proceedings of the National Academy of Science (PNAS), “US nuclear power: The vanishing low-carbon wedge” examined 99 nuclear power reactors in 30 states, operated by 30 different power companies. As of 2017, there are two new reactors under construction, but 34 reactors have been permanently shut down as many plants reach the end of their lifespan.
For more than three decades, approximately 20 percent of U.S. power generation has come from light water nuclear reactors (LWRs). These plants are now aging, and the cost to service or upgrade them along with fierce competition from Trump’s economic order to prop up failing coal and heavily indebted shale oil/gas companies make nuclear power less competitive in today’s power markets.
In return, the American shale boom could trigger a significant number of US nuclear power plant closures in the years ahead, the researchers warned. The country is now at a critical crossroad that it must abandon nuclear power altogether or embrace the next generation of miniature, more cost-effective reactors.
Read more
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