Renewed interest in nuclear power is being driven by rising electricity demands from AI data centers and the Biden-Harris administration's push to electrify various sectors, including heating, cooking, and personal transportation. According to a Goldman Sachs report from April, data centers are expected to represent 8% of U.S. electricity demand by 2030, up from 3% in 2022.
Nearly all 94 operating reactors in the U.S. have had their licenses extended to 60 years, with two extended to 80 years.
- In Iowa, NextEra Energy is considering reopening the Duane Arnold Energy Center, which closed in 2020 due to significant windstorm damage.
- In Michigan, state legislation passed mandates in 2023 that all electricity come from carbon-free sources by 2040, replacing the coal and gas-fired plants that currently provide over two-thirds of the state's electricity.
- The federal government and Michigan are investing close to $2 billion to reactivate the Palisades nuclear reactor located on Lake Michigan's shore. Once it resumes operation, Palisades will become the first nuclear plant to restart after being decommissioned.
- In the State of Louisiana, nuclear power is an essential part of the current mix of electricity sources that power Louisiana's homes and businesses. Why? Because nuclear power is clean, reliable, and emission-free. In fact, 92% of the state's emission-free electricity, and an estimated 16% of all the electricity used in Louisiana comes from the state's two nuclear facilities: River Bend in St. Francisville (West Feliciana Parish) and Waterford 3 in Kilona (St. Charles Parish). Together, these two facilities employ 1,500 highly skilled workers.
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Germany was the first larger industrialized nation to proclaim, "fossil free". Today, Germany has some of the highest prices for electricity in the world and the number of Germany's corporate insolvencies in March 2024 reached the highest level on record as the Great "Green" Electricity economic debacle continues. Germany showed that renewables are uneconomical and will lead to economic stagnation.
These renewable electricity catastrophes could ensure that those pursuing the "net-zero" and "green new deal" movements in the wealthier countries, that their future will move towards rising unemployment, increasing poverty levels and inequity and homelessness will rise along with increasing social and political instability. "It will keep the poor, poor and the rich, rich"!
Most government officials and policymakers are unaware that ALL electricity came AFTER the discovery of fossil fuels, starting with the light bulb made from oil.
Electricity is critically important in our daily lives because it is a basic human need for all the products made from those crude oil derivatives that need electricity to operate, such as iPhones, computers, EV vehicles, defibrillators, etc. We use electricity to heat and cool our human-made structures. Energy policymakers tend to look at energy as either fossil fuels or renewables. However, wind and solar can only generate intermittent, variable, and unpredictable electricity.
Utilities now face the dual challenge of meeting the Biden-Harris administration's net-zero climate goals while expanding overall electricity production.
Energy policymakers need to be cognizant that all electricity came AFTER the discovery of crude oil, thus the "green" agendas to end fossil fuels would eliminate electricity!
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