Sunday, 22 September 2019

Cheap Gas Is Killing Nuclear, Green Power May Finish the Job - Bloomberg

Cheap Gas Is Killing Nuclear, Green Power May Finish the Job - Bloomberg:

The natural gas boom is killing America’s nuclear industry. Wind and solar may finish the job.

While nuclear plants struggle to compete with the flood of cheap gas coming from the nation’s shale fields, they still offer a key advantage, supporters say: They generate 24-hour electricity without producing carbon emissions. Renewables, meanwhile, haven’t yet nailed down the storage capacity needed to do that. Proponents insist it’s only a matter of time.

Battery prices have plunged 85% from 2010 through 2018, and huge storage plants are planned in California and Arizona. Meanwhile, science is advancing on new technology -- including chemical alternatives to lithium-ion systems -- with the potential to supply power for 100 hours straight, sun or no sun.

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