The production of renewable energies progressed in the midst of the Covid-19 pandemic, resisting better than that linked to nuclear power, which fell in the face of a drop in demand, underlines a report released on Thursday. In the 1st quarter of 2020, “the deployment and production of renewable energies resisted the effects of the pandemic better (…) than the nuclear energy sector” , noted the 2020 edition of the World Nuclear Industry Status Report , an annual report devoted to the subject.
La Tribune 24th Sept 2020 read more »
We all knew that 2020 would be an incredibly tough year for nuclear energy. In the United States, the sector has been on the decline for years, saddled with hazardously aging infrastructure and a flood of cheap natural gas thanks to the West Texas shale revolution that the nuclear sector simply can’t compete with. As such, the domestic nuclear sector has become increasingly dependent on government handouts to stay afloat and has saddled the taxpayer with the staggeringly high cost of maintaining radioactive nuclear waste in the form of spent nuclear fuel. COVID-19 only exacerbated the situation, by causing the bottom to fall out of energy demand and placing nuclear energy, which has largely fallen out of favor in the U.S., near the bottom of a long list of energy industries and industrial and economic sectors in general waiting for government bailouts. During the lockdown phase of the pandemic, “renewables have taken a bigger slice of the market because many nations had decided to give new green technologies priority into the grid” reported Bloomberg Green in a May article titled “Nuclear Is Getting Hammered by Green Power and the Pandemic.”
Oil Price 27th Sept 2020 read more »