Pacific Gas & Electric Co. decided to close its Diablo Canyon Nuclear Power Plant because its baseload power—often cited as nuclear’s best asset—doesn’t fit into the dynamic grid California is developing, a PG&E executive said today at the U.S. Energy Storage Summit in San Francisco. Steve Malnight, PG&E’s senior vice president for regulatory affairs, was speaking specifically of market conditions in California, but many consider California a trailblazer for the nation on energy and climate issues, so his comments will resonate in the ongoing debate over nuclear’s role in a clean-energy future. “Considering a shutdown was a difficult decision for us,” Malnight said, “but as we really looked at the changing dynamics in California, given the choices we’ve made in California, and the policy direction in California, there was a clear recognition that Diablo was not going to be a good fit for the future needs of the system.”
Forbes 7th Dec 2016 read more »
With Trump at the helm, sentiment gives way to practicality in the energy industry. For the vast untapped potential of the nuclear energy industry and the uranium that feeds it, this could contribute to a market-disrupting revival that no longer bows to fear and the politics of economy. While there have been some oversupply issues keeping uranium prices down, the bigger problem has been negative sentiment rather than real fundamentals, but the Trump presidency will see through that. Trump’s take on nuclear energy is quite simple. As he noted after the 2011 Fukushima disaster in Japan: “If a plane goes down, people keep flying. If you get into an auto crash, people keep driving.” Now more than ever, demand for uranium appears to be assured. But more than that, it’s about to truly explode as a number of situations combine to form the new era of nuclear power.
Energy Voice 9th Dec 2016 read more »