Battle Over Nuclear's Role In Renewable Energy Goals Continues
The battle over nuclear energy's role in the EU's renewable energy future is far from over, with Germany, Spain, and other EU countries fighting to keep nuclear energy from counting when it comes to calculating renewable energy targets, a letter seen by Reuters suggests.
France has made it clear that low-carbon hydrogen derived from nuclear energy should indeed count toward the bloc's renewable energy tarts. Spain, Germany, Denmark, Austria, Ireland, Luxembourg, and Portugal, strongly disagree. On Thursday, the group sent a letter to the rotating EU presidency, arguing that renewable targets should not include nuclear.
The EU is working towards establishing new renewable energy targets, but the stalemate over nuclear's role is hindering progress.
"Taking into account low-carbon hydrogen and low-carbon fuels in the 2030 (renewable energy) targets would decrease the ambition and slow down renewables deployment, which in turn would jeopardize the achievement of the climate targets," the letter reads in part.
The group has argued that while nuclear might be low-carbon, it is not renewable.
France relies on nuclear energy for 70% of its power, and any goals that don't include nuclear energy are unlikely to gain France's support—a reality that could result in a permanent stalemate when it comes to resetting the bloc's renewable targets. In December, nuclear power generation went a long way in alleviating a strain on its electricity grid as temperatures dropped below freezing—but avoiding power cuts as many had warned leading up to the colder weather.
France struggled last fall with nuclear power as more than half of its reactors were offline due to maintenance. Some argued at the time that France was in a tight spot with energy supply because of its slow rollout of renewable energy.
Another disagreement that is currently in the way of reaching a new renewable deal is Germany's balking at the car emissions agreement.
By Julianne Geiger for Oilprice.com
THAT'S NOT GREEN THAT'S DUMB
Taiwan Looks To Replace Nuclear Power With LNG
- Taiwan is phasing out nuclear power generation by 2025 and replacing it with LNG
- Taiwan has closed its Kuosheng nuclear power plant this week and there are two remaining reactors set to be shut down in 2024 and 2025
- Japan is revising its policy on nuclear energy generation post-Ukraine, allowing the development of new reactors and extending operation of existing ones
Taiwan is buying more LNG for delivery over the next year as it closed a nuclear reactor and is set to phase out nuclear power generation by 2025.
Taiwan’s CPC Corp bought via a tender this week at least 10 cargoes of LNG to be delivered between May this year and March next year, traders familiar with the deals told Bloomberg on Friday.
The LNG purchases are also part of Taiwan’s strategy to procure more gas to offset the decline in nuclear power generation, according to the traders.
This week, Unit 2 of Taiwan’s Kuosheng nuclear power plant was taken offline and will be decommissioned following the expiry of its 40-year operating license. There are now two remaining nuclear reactors operating in Taiwan at the Maanshan nuclear power plant. Those reactors are expected to be shut down in 2024 and 2025.
Taiwan’s Democratic Progressive Party, elected in 2016 and re-elected in 2020, has a policy of phasing out nuclear generation by 2025.
While Taiwan proceeds with a nuclear power phase-out, other countries are rethinking their nuclear generation strategy after the Russian invasion of Ukraine sent oil, natural gas, and coal prices soaring and sparked energy security concerns.
Even Japan is bringing back nuclear power as a key energy source. Japan, which had vowed to reduce nuclear power as a source of electricity in the wake of the Fukushima disaster, is now considering using nuclear power for longer.
At the end of last year, the Japanese government confirmed a new nuclear energy policy, which the country had mostly abandoned since the Fukushima disaster in 2011.
A panel of experts under the Japanese Ministry of Industry decided late last year that Japan would allow the development of new nuclear reactors and allow available reactors to operate after the current limit of 60 years.
By Josh Owens for Oilprice.com
The U.S. Is Racing To Revitalize Its Nuclear Industry
- The U.S. is ramping up its investments in nuclear power to bring it back from the brink and use it to support a green transition.
- By 2021, the U.S. had 93 nuclear reactors in operation, with a combined generation capacity of 95,492 MW and 19 sites at various stages of decommissioning.
- Public opinion has swayed in favor of nuclear power due to its promotion as a clean energy source and last year's energy crisis, resulting in greater government funding for the energy source.
Unlike many other countries around the world, the U.S. has kept its nuclear power up and running, making it the biggest producer of nuclear power today. Nevertheless, after falling out of public favor, nuclear power was little talked about in previous decades, with many power plants going into debt and barely keeping afloat. At present, nuclear power provides around 20 percent of the electricity generated in the United States, and this is largely thanks to government grants helping power plants maintain operations. But now, as countries worldwide consider nuclear power once again, the U.S. is ramping up its investments in the low-carbon energy source in a bid to bring nuclear back from the brink and use it to support a green transition.
The first nuclear power plant in the United States was opened in 1958, and by the end of 2021, the U.S. had 93 nuclear reactors in operation, across 55 nuclear power plants in 28 states. The combined generation capacity of these reactors totaled 95,492 MW. Many of the reactors are 40 years old or more, due to the reluctance to invest in new nuclear projects following several prolific disasters in previous decades. The last two nuclear reactors to come online were Watts Bar Unit 1 in 1996 and Watts Bar Unit 2 in 2016. In addition, several sites were closed over the last decade, with 19 sites at various stages of decommissioning by 2021.
Despite the poor public opinion of nuclear power in past decades, it continues to contribute a significant proportion of U.S. electricity. And last year, the Department of Energy (DoE) announced a $6 billion investment to preserve America’s clean energy nuclear infrastructure. The funding comes from the Bipartisan Infrastructure Law’s Civil Nuclear Credit Programme, which identified nuclear power as America’s largest source of clean energy. The DoE highlighted that helping the country’s nuclear plants survive would support thousands of clean energy jobs, as well as prevent the release of unnecessary carbon emissions. Nuclear power is now being seen by the DoE as key to achieving President Biden’s climate pledges and supporting the country’s green transition.
And it’s not only the government that has changed its stance on nuclear power, with recent polls showing greater public support for the energy source. A 2022 Gallup poll showed that public opinion has swayed in favor of nuclear power, with 51 percent for nuclear and 47 percent opposed. This marks a significant shift from 54 percent opposed in 2016. This change is likely largely in response to the energy crisis seen last year, which sent consumer energy bills soaring. In addition, the combination of nuclear power being promoted as a clean energy source and the length of time since the last major nuclear event has improved public perception.
Several strides were seen in the nuclear industry in 2022, after years of stagnation. The country’s biggest nuclear plant, Diablo Canyon in California, received a $1.1 billion conditional award of credits from the DoE to extend operations. There were originally plans for the plant to be decommissioned in 2024 and 2025, but this changed after introducing the Bipartisan Infrastructure Law. Several advanced reactor firms saw progress toward deploying small modular reactors (SMRs) nationwide. And the DoE invested heavily in research and development, carrying out a study that determined that approximately 80 percent of U.S. coal power plant sites evaluated could be converted into nuclear power plants.
And there are big plans for 2023 and beyond. In a movement away from U.S. reliance on foreign uranium, the DoE is investing in developing domestic high-assay low-enriched uranium (HALEU), with production expected to start this year. Meanwhile, at New York’s Nine Mile Point Nuclear Generating Station, we are seeing advances in combining clean energy projects with plans for the first production of clean hydrogen using low-temperature electrolysis this year. The hydrogen will be used to help cool the facility. This is one of four nuclear-powered hydrogen demonstration projects being supported by the DoE.
As well as publicly-funded projects, several private projects are gaining traction. Bill Gates’ TerraPower and X-energy are advancing on each of their construction permit applications, expected to submit them to the Nuclear Regulatory Commission (NRC) within the next year. This could support the launch of new types of nuclear technologies such as TerraPower’s Natrium reactor – a sodium-cooled fast reactor, and X-energy’s Xe-100 high-temperature gas reactor SMR plant.
But now, all eyes are on Georgia Power’s Vogtle nuclear reactor, which was launched this month. The Vogtle nuclear reactor Unit 3 started a nuclear reaction inside the reactor last week, a process called “initial criticality.” This is the process in which nuclear fission begins to split atoms and generate heat. The heat makes the water boil, and the steam created spins a turbine that’s connected to a generator, creating electricity. Unit 3 will become fully operational in May or June, according to the company. The CEO of Georgia Power, Chris Womack, stated: “This is a truly exciting time as we prepare to bring online a new nuclear unit that will serve our state with clean and emission-free energy for the next 60 to 80 years.”
As both the U.S. government stance and public opinion shift in favour of nuclear power, we can expect to see investment in the sector increase substantially, and new operations come online. An increase in public funding for nuclear projects is helping to create momentum around research and development, supporting innovations in nuclear technology and the potential for creating non-traditional reactors. Meanwhile, private companies are responding to DoE investments by putting their money into nuclear power to support decarbonization aims and, ultimately a green transition.
By Felicity Bradstock for Oilprice.com
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