article thumbnail

Slow, [Expensive] and Amazing - Nuclear Power [2/3]

Mr. Sustainability

Nuclear power is up to three times more expensive than wind or solar Summary - Costs of renewables continue to fall incrementally and are at a record low of around €40 per MWh. Nuclear power plants, especially in the West, are confronted with high construction costs, extreme delays and more stringent safety measures.

article thumbnail

Treasury Department Unveils Final Rule Regarding Transferability of Clean Energy Tax Credits

38 North Solutions

Treasury released final guidance on transferability of clean energy tax credits. The purpose of the provision is to provide taxpayers greater flexibility to monetize energy-related credits, even if the taxpayer that earns the credit lacks sufficient tax liability to utilize that credit. On April 25, the U.S.

Energy 69
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Arizona Utility APS Charts 15-Year Plan on Its Way to Zero-Carbon Energy by 2050

GreenTechMedia

Arizona Public Service released its plan for reaching zero-carbon by 2050 , with multiple options to balance the costs and carbon benefits of switching from coal and natural gas to renewables, batteries, distributed energy resources and as-yet-untested technologies. million-customer utility, said in a Tuesday interview.

article thumbnail

Exelon Threatens to Close 2 Nuclear Plants as Battle Over State Subsidies Looms

GreenTechMedia

Exelon is following through with a threat to close two of its Illinois nuclear power plants by next year unless it receives state support to boost their financial viability, a move that could undermine the state's carbon-free electricity goals. Both states have aggressive zero-carbon energy policies.

article thumbnail

A national home energy efficiency drive could save six nuclear reactors' worth of energy

Business Green

Improving the thermal performance of UK homes could deliver climate and energy security at a fraction of the cost of nuclear power, argues Kingspan's Rita Singh. The announcement came following April's Energy Security Strategy, which proposed eight new nuclear reactors and the continual replacement of boilers with heat pumps.

article thumbnail

Renewables overtake fossil fuels in 2020 as Britain's power grid enjoys 'greenest year' yet

Business Green

But Imperial College London analysis warns emerging technologies and negative emission power plants are likely to be needed to unlock full decarbonisation of the grid. Nuclear power, meanwhile, provided 17.5 per cent of Britain's power last year, while imports accounted for just under seven per cent.

article thumbnail

The story of how Britain's energy transition could unfold, told in 10 charts

Business Green

The latest edition of National Grid ESO's Future Energy Scenarios report was released this week, setting out the energy system operator's detailed vision for how the net zero transition could accelerate. The 237-page report is dense and it has landed during the hottest week on record and in the midst of a Conservative leadership race.