THE UK’s Energy Systems Catapult, an independent centre designed to accelerate the UK’s clean energy transition, has released a report assessing how nuclear energy can support decarbonisation to reach net zero by 2050. The Nuclear for Net Zero report found that around 50 GWe of nuclear power may be needed by 2050, but that the cost of nuclear power will need to reduce before nuclear can fully play its part in the UK’s net zero strategy. Cost reduction can occur if commitments to capacity increases are made, rather than individual unconnected projects. Without nuclear power, achieving net zero will be difficult as it will require substantial land use change for bioenergy, and vast quantities of renewable energy. Nuclear power could be a cost-effective way to implement district heating schemes, which could play an important role in decarbonising heating. In particular, small modular reactors (SMRs) could fulfil this role as they can be deployed close to the centre of demand.
Chemical Engineer 28th July 2020 read more »
Only governments can properly value the benefits of nuclear power and their support is therefore necessary to secure financing for new-build projects, George Borovas, partner and head of nuclear at law firm Shearman & Sterling, said today. Borovas was speaking during an OECD-Nuclear Energy Agency webinar on its newly published Policy Brief, Unlocking financing for nuclear energy infrastructure in the COVID-19 economic recovery.
World Nuclear News 28th July 2020 read more »