pfairley

Why New Nuclear Depends on Loan Guarantees

Constellation Energy and Electricité de France boasted this week that they are closer to winning federal loan guarantees for a new reactor they want to build at Constellation’s Calvert Cliffs power station in Maryland. The $18.5 billion pool of funding they’re vying for will be critical to jump-starting the stalled U.S. nuclear industry. Construction problems in Finland and France with the reactor design slated for Calvert Cliffs — the EPR from Paris-based nuclear technology and services giant Areva — show why.

Bad news flows in constantly from Olkiluoto, the site on Finland’s coast where Areva is three years behind schedule on an EPR it is building for a Finnish utility — the first of the 1,600-megawatt reactors. Continue reading “Why New Nuclear Depends on Loan Guarantees”

May 19, 2009August 26, 2009 by pfairley

Subversive Additives to Save the “Cash-for-Clunkers” Bill

Prospects for a “cash-for-clunkers” bill to stimulate new car sales in the U.S. are dimming amid dissatisfaction with the law’s slim environmental benefits. There are some creative options available to green the bill.

As Energywise reported, representatives in the House led by Michigan Democrat John Dingell converged on an automotive scrappage bill earlier this month that would provide cash vouchers worth up to $4,500 to buyers of new cars and trucks that get at least 22 miles to the gallon if they scrap an old one that gets no more than 18 mpg. Duke University researchers estimate that the reduced energy consumption from such a swap would make up for the energy required to manufacture the vehicle. But some senators were hoping for a more.

California Senator Dianne Feinstein is leading the charge. Continue reading “Subversive Additives to Save the “Cash-for-Clunkers” Bill”

May 18, 2009May 18, 2009 by pfairley

China’s Wind Surge Ignores Financial Mess

The global wind power industry is bottoming out thanks to the global financing crisis. Everywhere but China, that is, according to a research update issued this week by consultancy Emerging Energy Research (Cambridge, MA).

EER adds up the impact of “a steady flow of wind industry CAPEX reductions, project postponements, order cancellations, and corporate downsizings on a scale never seen before in this relatively young segment of the energy sector.” They forecast a 24% decline in megawatts installed in the US this year over 2008, and a 19% decline in Europe.

Then there’s China, which EER calls “the only major market left standing in the face of the crisis.” EER projects a 59% jump in megawatts added there in 2009 — enough to make up for the U.S. and European losses.

Carbon-Nation readers will recall our June 2008 reporting on China’s wind sector that was already, then, notable for (a) its “endurance in the face of below-cost pricing” and, (b) low quality assurance that had even its trade association calling for slower growth. Looks like its too late for the latter.

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This post was created for Energywise, IEEE Spectrum’s blog on green power, cars and climate

April 14, 2009April 14, 2009 by pfairley

EV Hold-out Mazda Changes Its Tune

Mazda Motor is shifting direction to make its own hybrid and battery-electric vehicles, according to a report today in Automotive News (may require subscription). The move, if confirmed, would mark a rapid retreat from the ‘trend-bucking’ EV skepticism that has been a staple of Mazda’s message.

Mazda R&D chief Seita affirmed late last month that Mazda would achieve mandated fuel economy savings by improving engines and transmissions, and by redesigning vehicles to reduce their weight. The Detroit News quoted president and CEO Takashi Yamanouchi echoing that sentiment at last week’s New York International Auto Show, promising release of a brand new engine next year.

However, Seita had also admitted that Mazda lacked the cash to finance development of its own EV powertrains. And this weekend’s Automotive News report directly contrasts the old strategy, quoting Yamanouchi as saying that hybrids and battery-powered electric vehicles developed in-house will contribute to its plan in order to “boost the average fuel economy of its cars globally 30 percent by 2015.”

Continue reading “EV Hold-out Mazda Changes Its Tune”

April 13, 2009April 13, 2009 by pfairley

Deciphering Big Oil’s Retreat from Renewables

A New York Times article this week concludes that major oil and gas companies are, as the headline roared, “Loath to Follow Obama’s Green Lead.” Such stories bashing Big Oil’s slim investment in renewable energy tend to fall short by failing to consider how renewables intersect with an oil major’s core business, and this one is no exception.

As the Times ably demonstrates, big oil is freezing or cutting investment in renewable energy and doing so from a relatively small base. It notes that Shell, which has frozen spending on wind, solar and hydrogen energy, has invested just $1.7 billion on alternative energy projects since 2004 compared to $87 billion to keep its oil and gas flowing.

That should come as little surprise since Big Oil’s insubstantial and fickle commitment to renewable energy goes back decades. Following the 1973 oil shock, for example, U.S. oil majors of the time such as Mobil and Chevron embraced photovoltaics, only to dump the projects when oil prices crashed and OPEC’s power waned a decade later. British Petroleum’s promise to go “Beyond Petroleum” already looked weak five years ago when it ditched production of next-generation cadmium-telluride thin-film photovoltaics — the technology that Tempe, AZ-based First Solar has since ridden to the top of the world PV market.

Continue reading “Deciphering Big Oil’s Retreat from Renewables”

April 10, 2009May 24, 2010 by pfairley

China Close to Firing Up a Fast Reactor

Russian nuclear energy holding company Rosatom reported yesterday that a subsidiary had completed construction of an experimental nuclear reactor in Beijing. At 25 megawatts the reactor’s power output is small, but it sends a big message about where nuclear technology may be heading — especially after the Obama Administration’s effective cancellation last month of plans to store U.S. spent nuclear fuel at an underground repository below Nevada’s Yucca Mountain.

The Chinese Experimental Fast Reactor is so-named because the neutrons produced in its core are not ‘moderated’ with water like those that generate heat in nearly all commercial nuclear reactors. The faster neutrons can burn down nuclear waste and even generate new fuel, promising a solution to the thorny problem of waste storage as well as energy independence.

Continue reading “China Close to Firing Up a Fast Reactor”

April 7, 2009April 7, 2009 by pfairley

Europe Shortlists Capture Projects for Stimulus

European leaders shortlisted a dozen proposals to demonstrate large-scale carbon capture and storage at coal-fired power plants last month as eligible to share €900 million of the EU’s €5-billion stimulus funding package. The goal is to bring down the cost of carbon-neutral coal power — which the European Commission expects to continue to exceed the cost of conventional coal power in 2020 — and to gain more experience with underground storage of CO2.

Seven propose to capture CO2 post-combustion from the exhaust of conventional coal-fired power plants, a relatively inefficient process that nonetheless costs less up front — an attractive feature given today’s financial mess. Three are Integrated Combined Cycle Gasification or IGCC power plants that would pull CO2 out of coal-derived gases prior to combustion, akin to the U.S. FutureGen project that Bush killed and Obama may be reviving. Two more would concentrate their CO2 exhaust by burning coal in purified oxygen — the oxyfuel approach that Sweden’s Vattenfall is testing at a pilot plant in Germany.

Continue reading “Europe Shortlists Capture Projects for Stimulus”

April 7, 2009May 24, 2010 by pfairley