Germany has a long history of being resistant to all things nuclear. No new commercial reactors have been built since 1989. By 2023, nuclear made up only 6% of its power mix. To meet its decarbonisation goals, the government is confident of its target to reach an 80% renewables share in electricity demand by 2030 without nuclear. Hence the shut-down of its last three reactors over the weekend. Yet nuclear supporters say that leaving the last six … [Read more...]
Renewables “cost of capital” in Europe lower than oil, gas, coal. What the U.S. and China can learn
The ultimate price of anything is highly dependent on the cost of capital needed to put it in place. That cost reflects the risks financial markets perceive. And policy certainty reduces risk. Gireesh Shrimali, Christian Wilson and Xiaoyan Zhou at Oxford University, writing for WEF, summarise their global study which shows the cost of capital for different energy technologies, and therefore which ones will trend upwards and dominate. They cover … [Read more...]
Russia–Ukraine war: household energy costs worldwide have nearly doubled, with the poorest hit hardest
A new study measures the effect of the Russia-Ukraine war on household energy costs worldwide. It’s nearly doubled, explain Klaus Hubacek, Jin Yan and Yuru Guan at the University of Groningen and Yuli Shan at the University of Birmingham. Their study sums the costs of direct energy like heating, cooling, lighting and mobility, as well as the indirect costs through the energy used to produce goods and services. That doubling translates into an … [Read more...]
Steel decarbonisation: Australia must stop making excuses and follow Europe’s lead
Australian steel makers, major global exporters, must stop making excuses about decarbonisation and look to Europe for a role model, argues Simon Nicholas at IEEFA. A pattern of behaviour by Australia’s steel makers reveals that their excuse is that low-carbon solutions are not yet ready, leaving only promises of carbon capture (as yet unproven at scale) some time in the future. Nicholas notes that these promises will never have to be kept by the … [Read more...]
Can new cheap, frequent “laser” monitoring of critical components extend Nuclear plant lifetimes by decades?
For nuclear to thrive, rather than retreat and be displaced by alternatives, plants reaching the end of their lifetimes need to be replaced with new ones. Or, perhaps more interestingly, can the existing plants have their lifetimes greatly extended, safely and cheaply? David Chandler at MIT describes new research led by MIT to detect and measure defects in critical components to ensure that damage from heat and radiation has not led, and will not … [Read more...]
Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR
The U.S. state of Utah is processing an agreement for a new Small Modular Reactor (SMR) to provide baseline and dispatchable power. The SMR bid quotes a price of $89/MWh. But cost overruns will tie the state’s consumers to whatever high prices entail, says Dennis Wamsted at IEEFA. Now a geothermal bid from NV Energy has been presented that offers the same capacity at around $70/MWh. Wamsted explains why the 140MW geothermal project would meet … [Read more...]
How to sell Heat Pumps to the public in Europe
In EU households, 62.8% of energy consumption is for space heating, and another 15.1% for water heating, mostly powered by fossil fuels. Heating and cooling is responsible for 52% of final energy demand in Europe. So, with REPowerEU, the EU has once again strengthened support for heat pumps to achieve energy independence and climate goals. Heat pump sales in Europe grew by an unprecedented 34% in 2021, thanks to a total 2.18m heat pump units … [Read more...]
Doubling clean energy investments from “natural” redirection of existing spend on infrastructure, buildings, fossils +more
Annual investments in clean energy stand at $1.4tn, now greater than investments in fossil fuels ($1tn). But that needs to double by 2030. This steep climb will be made easier by the natural cycle of global investment, as well as the cost-benefits of abandoning fossil fuels for renewables and greater efficiencies, says Stephen Peake at The Open University. Each year, around a quarter of our GDP is anyway spent on new machinery, buildings and … [Read more...]
Small Modular Reactor cost overruns: the same old problems haunt new nuclear in Utah
Much hope is being placed on Small Modular Reactors (SMR) making new nuclear plants competitive. But David Schlissel at IEEFA summarises their research into the publications, updates and statements coming from the stakeholders involved with the SMR by UAMPS (Utah Associated Municipal Power Systems) and NuScale Power Corporation that shows that costs are going out of control, a persistent problem in the nuclear industry. The original target power … [Read more...]
Can Enhanced Geothermal Systems be used as grid-scale batteries? Anywhere!
The US Department of Energy aims to cut the cost of Enhanced Geothermal Systems (EGS) by 90% by 2035. Standard geothermal power comes from tapping existing hydrothermal reservoirs. But most places don’t have hot water reservoirs underground. EGS pumps water down to reach hot rocks, heating the water to achieve the same purpose. Everywhere has hot rocks underground. Here, Stefan Ellerbeck, writing for the World Economic Forum, describes research … [Read more...]
Pollution costs are driving U.S. states to look for alternatives to Gas-Fired Plants
In the U.S. a growing number of states and regulators are directing utilities to look for alternatives to proposed gas-fired power plants, citing environmental justice and community health impacts, explain Caitlin Odom and Lauren Shwisberg at RMI. So it’s not just about emissions: pollution matters too. The authors quote studies that show clean energy portfolios (CEPs) not only reduce energy costs, but can save billions of dollars in community … [Read more...]
U.S. Residential Distributed Solar: still getting cheaper, installation and permitting too, more batteries
John Rogers at UCS reviews the new and comprehensive “Tracking the Sun” report from Lawrence Berkeley National Laboratory which covers both residential and non-residential “grid-connected, distributed” solar PV systems in the U.S. There has been clear progress across the board, including PV module efficiency, system costs, installation and permitting, and the uptake of batteries. For example, median efficiency for modules in residential systems … [Read more...]
EU Solar has avoided 20bcm of gas imports and saved €29bn
Solar generation in the EU has avoided the import of 20bcm of gas that would have cost €29bn, explains PaweĹ‚ CzyĹĽak at Ember, writing for Carbon Brief. The new solar power added since 2021 alone avoided €6bn of gas imports. Record EU solar generation increased by 28% in the summer of 2022, compared with the same period a year earlier. And it’s growing very quickly, with a consistent 15% year-on-year increases in installed solar capacity – from … [Read more...]
Modelling green Ammonia and Methanol in 2050. It will be expensive
Schalk Cloete starts by explaining that it is unrealistic to expect clean electrification to carry the main burden of energy supply. Even a fast roll out will be constrained by a range of infrastructure and cost limitations. Hence our continued dependence on fuels, with their high energy density and ease of transport. Those fuels will have to be made clean, so he summarises his co-authored papers that model the cost of green and blue ammonia and … [Read more...]
Aluminium, sulphur and salt batteries. Cheaper than lithium-ion, for homes and EV charging stations
The high and escalating demand for the lithium-ion batteries that dominate the market is driving the search for alternatives. Ideally, they will be made from inexpensive, abundant materials. David Chandler at MIT describes research there into a design that uses aluminium and sulphur as its two electrode materials, with a molten salt electrolyte in-between. The results point at batteries that have a projected cost per cell of about one-sixth that … [Read more...]
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