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Nuclear Power Is A Viable Option For Replacing Coal

R-Squared Energy

Certainly, these renewable sources will continue to grow in importance, but in the short-term, we can’t expect coal-fired power plants to be replaced with intermittent renewables. However, nuclear power is a viable option for meeting this need. The biggest challenge is the cost and time to build new nuclear power plants.

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WoodMac: Wind, Solar and Storage to Dominate Europe’s Power Grid by 2030

GreenTechMedia

France, Italy and Spain — will get the majority of their power from wind, solar and other variable renewable energy sources as early as 2023, WoodMac says. By 2040, Europe is expected to add another 169 gigawatts of wind and 172 gigawatts of solar. Only the final three of the quartet are likely to be the focus of new investment.

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Nuclear Enters 2021 With Buoyant Global Outlook for Small Modular Reactors

GreenTechMedia

The plan was developed in response to a 2018 SMR roadmap and followed a CAD$20 million (USD $16 million) investment in the Canadian molten salt reactor developer Terrestrial Energy in October. The global market for SMRs is expected to be worth up to $300 billion a year by 2040, he said. back small modular reactors. and the U.K.

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RTE proposes €100bn plan for France’s transmission network

Smart Energy International

French TSO RTE has proposed investments prioritising developments of its network of the order of €100 billion by 2040. However, since then, the state has redefined its energy policy, including a revival of nuclear power, the acceleration of renewables and reindustrialisation through the development of low-carbon industrial zones.

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Xcel Targets $1.4B in Wind and Solar Investments, Outlines Broader Carbon-Reduction Goals

GreenTechMedia

billion in new wind and solar investments in the next 12 months and is outlining plans for electric vehicle charging, energy storage and green hydrogen production pilot programs to meet its goal to reach net-zero carbon emissions by 2050. billion, five-year capital investment plan from the multistate utility.

Carbon 130
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IEA net zero update reiterates need for rapid grid expansion

Smart Energy International

The IEA’s updated Net Zero Roadmap identifies the doubling of grid investments by 2030 as a key milestone for the electricity sector towards its net zero scenario. Thereafter the investment also needs to remain at a high level, approaching a peak of $1.1 trillion by 2040 before dropping back to around $850 billion by 2050.

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Ameren Sets Goal of Net-Zero by 2050, Plots Major Wind and Solar Expansion in Midwest

GreenTechMedia

utilities pledging to reach net-zero carbon emissions by 2050, with a long-range plan that invests nearly $8 billion in renewable energy and accelerates some coal plant closures — although it will retain much of its coal fleet through 2040. million customers in Missouri and Illinois plans to invest nearly $8 billion to add 3.1