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“No room for #nuclear : AGL says flexibility is key as it plans to dump #coal for #renewables in a decade” Giles Parkinson - Jul 9, 2024 “Australia’s biggest supplier of #coalgeneration and #baseloadpower , AGL Energy, has again underlined the fact there is no room for nuclear in Australia’s transition to renewables – neither on a #grid dominated by #wind and #solar nor at its coal sites that it intends to transform into #cleanindustrialhubs .” “”I’d like to clarify – as I did in March – that nuclear energy is not part of our strategy and our position on this remains unchanged, AGL CEO Damien Nicks said in a presentation to a CEDA event in Sydney on Tuesday.” “Nicks says the site of the recently shuttered Liddell #coalgenerator in the Hunter Valley is already accounted for, with plans for a #giantbattery , #solarmodulemanufacturing , #panelrecycling , a link to a planned 400 MW #pumpedhydro facility and multiple #greenindustries including #hydrogen , metals and other activities.” https://lnkd.in/eqtKrdzb? Source- original post Read all my posts #MariusPreston

Australia’s biggest supplier of coal generation and baseload power, AGL Energy, has again underlined there is no room for nuclear in Australia’s transition to renewables – neither on a grid dominated by wind and solar not at its coal sites that it intends to transform into clean industrial hubs. “I’d like to clarify – as I did in March – that nuclear energy is not part of our strategy and our position on this remains unchanged, AGL CEO Damien Nicks said in a presentation to a CEDA event in Sydney. Nicks’ position is important because two of AGL’s coal generation sites have been identified by the federal Opposition for its nuclear power plans, which it says could see seven reactors, or more, start construction sometime in the 2030s or 2040s – should they be elected, be able to remove the bans, find the technology and finance, and the sites to host it. #RenewableEnergy #CleanEnergy #Sustainability #GreenEnergy #SolarPower #WindEnergy #ClimateAction #EnergyEfficiency #Renewables #GreenTech

Australia has a burgeoning renewable energy sector with solar and wind proving to be viable alternatives to fossil fuels. The release today of CSIRO 2023-24 GenCost Report would indicate that nuclear energy is not a renewable alternative. Estimates indicate that a single large scale nuclear plant would take at least 15 years to build at a cost of $8.6bn. #renewableenergy #emisssionsreductions #climateemergency

On the back of the news that the alternative Australian government has promised to have nuclear power in the grid by 2035, I thought you might like to know when renewables + batteries produce lower cost power than the current crop of gas and coal plants (spoiler alert: its 2028). BTW I am keen for those who know these things demonstrate that the CSIRO assumption of less than 0.5kw of batteries per kw of renewables is reasonable #nuclear #renewables #climatecrisis #bess #solarbess #windbess #gencostcsiro #csirogencost https://lnkd.in/gcF8hzRj

This is a ridiculous proposal. Oilsands emissions have grown by 142% since 2005, and the "solution" being pushed by both government and industry is a gamble on nuclear (which creates more waste) & carbon capture (unproven and high risk) instead of just switching to renewable energy like wind and solar. We can't fix environmental destruction by creating MORE environmental destruction. https://lnkd.in/gyBmvmW2 #ABLeg #ABPoli #CDNPoli #oilsands #tarsands #renewables #ccus #nuclear

The #Federal #Opposition has recently been spruiking #Nuclear #Power as a future choice for #Australia. But really how feasible is the construction and benefits of Nuclear Power for the country? Nuclear power plants take a long time (at least 15 years) to construct, requires significant safety consideration, specialised expertise and may cost more to deliver than existing energy options. Is this a feasible option for Australia to consider at the time when the costs of #renewables, #storage and #transmission continues to be increasingly lower than other options for production of electricity? Happy to hear your thoughts about this important issue for the future provision of power supply in Australia. https://lnkd.in/gGapU66J

🔥 Forget about the source of electrons! Government is asking the wrong question. It should not be a question of which technology gets us to net zero. i.e. Nuclear vs renewables... that is a market decision. 💡 Separate problem from solution. Some better questions to ask: What future technology could disrupt the current energy business model? E.g. will there be future nuclear peaking power stations? This could significantly disrupt current proposed government plans. 💸 How might we attract the capital required to invest in the transition? 🏗️ What infrastructure is required? Should we support mega projects, encourage micro/decentralised projects or both? 🛠️ How do we support market operators to ensure streamlined approval processes for investments? What questions would you ask? https://lnkd.in/gCZdx2t4

Nations are turning shuttered nuclear plants to meet short-term needs, especially due to the skyrocketing #AI demand, but shutoffs and transitions to #renewables should be disclosed given all of the negative impacts. FYI, I worked on EIR studies of nuclear plants in the 1970s.

Energy has long been viewed as a key component of future technology growth, and it continues to generate significant interest in the market. On Sept 20, Microsoft (MSFT) signed a 20-year fixed-price power purchase agreement with Constellation Energy (CEG). As part of the deal, Constellation will restore Unit 1 of the Three Mile Island nuclear power plant in Londonderry Township, Pennsylvania, with Microsoft committing to buy all the electricity generated once the restoration is complete. This announcement boosted investor confidence in Constellation, driving its stock up by over 20%. This agreement has once again brought the issue of high electricity demand into the spotlight, with many seeing growing opportunities in related industries. Read more: https://hubs.la/Q02RvLj10

Building a large-scale nuclear power plant in Australia would cost at least A$8.5 billion and take 15 years to complete, producing electricity at roughly twice the cost of renewable sources, according to a report from the #CSIRO. The GenCost report found nuclear energy's costs were similar to gas- and coal-fired generation with carbon capture and storage but still about 50% more expensive than large-scale wind and solar power supported by battery technologies.  More at #Proactive #ProactiveInvestors #nuclear #renewables http://ow.ly/3Oyu105tZ31