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« Lithium Market Update: Q1 2018 in Review | Main | Nuclear Energy Institute applauds spending bill »
Monday
Apr162018

States Are Breathing New Air Into Nuclear Energy To Preserve Jobs And Environment


The New Jersey state legislature’s vote to pass legislation to preserve its nuclear fleet is pivotal — a move that doesn’t allow short term prices to dictate the long-term fate of a generation source that is both clean and has years to live.

The reality is that cheap natural gas has not just put nuclear energy at a disadvantage but also all other fuels, including wind and solar. And equally real is the fact that prices can gyrate, which then forces policymakers to consider forsaking fuels that have kept the lights on through thick-and-thin.

Free marketers would say to let the “best man” win while traditional environmentalists would say “good riddance” to fewer nuclear reactors, which they say are not just expensive but also problematic — that they create spent nuclear fuel that has must be buried on site.

“Nuclear is a workhorse,” Maria Korsnick, chief executive of the Nuclear Energy Institute, told Wall Street financial analysts yesterday. “Getting that volume without any impact to the environment needs to be recognized and acknowledged.”

more......

A step in the right direction for this battered sector of the market....

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