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Message Subject Fukushima - were still not dead.
Poster Handle Anonymous Coward
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Not so long ago, it used to be the opponents of nuclear generation who argued that the economics did not add up. Nowadays, at least one of the industry’s more influential proponents seems to agree.

In a Financial Times interview this week, Jeff Immelt, chief executive of GE, said nuclear power was “really hard” to defend financially, when compared both with gas-fired generation and certain renewables. “At some point, really, economics rule,” he added. Mr Immelt is not some disinterested bystander. GE, one of the pioneers of civil nuclear power in the 1950s, still produces reactors through a joint venture with Hitachi of Japan.

[...]

Since Japan’s Fukushima disaster last year, understandably tighter safety regulations have increased the costs of reactor construction. Meanwhile, those of rival technologies are lower than expected. Gas-fired generation has become cheaper as shale gas has come on stream. Meanwhile, new technology has cut solar panel prices.

[...]

This may rule out a nuclear renaissance, as Mr Immelt’s words suggest: costs remain simply too high. For any renaissance to happen, the industry must reduce them – without sacrificing the need for safety so starkly illustrated by the Fukushima disaster.

[link to www.ft.com]

[link to enenews.com]
 Quoting: Anonymous Coward 17373305

 Quoting: Anonymous Coward 21247957


Thread: Breaking: CEO of GE says nuclear power “really hard” to defend financially — “At some point, really, economics rule"
 
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