Power Surge 1.8

Power Surge 1.8

Volume 1, Issue 8
March 21, 2016 – March 27, 2016
Jason Mulderrig | Anushka Dasgupta


Nuclear:
Belgium Fears Nuclear Plants are Vulnerable                                                                                         http://nyti.ms/1XTJMV5
March 25, 2016 | Alissa Rubin and Milan Schreuer                                                                                                   It’s no novel concept that any nuclear power plant is a prime target for terrorism. Such a plant a source of the highly radioactive material required for the fabrication of nuclear weapons; the detonation of a bomb within a nuclear plant would have equally serious consequences. Nations which rely heavily on nuclear energy are also fearful of a nuclear plant simply being shut down – something which would threaten their power supply. The vulnerability of nuclear plants has come into frightening relief following the Paris and Brussels attacks, since it appears that the same network which orchestrated the attacks has been planning an operation on a Belgian nuclear facility. Experts are careful to note that while ISIS has a wide base and deep roots in Europe, it is highly unlikely that it could obtain enriched uranium from such a facility. -AD

Amid a Graying Fleet of Nuclear Plants, a Hunt for Solutions                                                                                        http://www.nytimes.com/2016/03/22/science/nuclear-energy-power-plants-advanced-reactors.html?ref=energy-environment
March 21, 2016 | Henry Fountain                                                                                                                                      This New York Times article highlights the problems that America’s nuclear sector is facing today and in the future from its old age. According to the article, about three dozen of the nation’s 99 nuclear reactors will face closer from 2029 to 2035. This will evaporate a third of the generating capacity of the nuclear sector, which itself provides about 20 percent of the electricity for the country. One solution is to build more nuclear reactors – preferably new generation reactors such as molten salt reactors or small modular reactors. However, the Nuclear Regulatory Commission’s approval process for new reactor designs takes an extremely long time – so long that the industry is running out of time to have new reactor designs approved. The other solution is for the nuclear facilities to be granted a 20 year license extension, which will push most plants an 80 year lifespan. However, scientists are not sure if the aging reactors can materially hold up for another 20 years, and economists are not sure if it is economically wise to keep these reactors running for that long. In any case, the American nuclear industry is quickly running out of time to deal with its aging infrastructure and needs to find a solution fast. -JPM


Solar:
A Xerox Machine for Super Solar Panels                           https://www.technologyreview.com/s/601097/a-xerox-machine-for-super-solar-panels/
March 25, 2016 | Mike Orcutt                                                                                                              The Ivanpah Solar Electric Generating System, a facility in California, has failed to produced even two-thirds of its expected power output since its opening in 2014. The plant operates on concentrated solar power. The basic idea of concentrated solar involves mirrors mounted on the ground, which direct sunlight to a central tower and generate steam in a boiler at the top of the tower; Ivanpah uses 750,000 such mirrors. In recent years, however, the price of photovoltaic solar panels has dropped which the cost of concentrated solar power has remained relatively expensive. The California utilities commision has granted the plant a year to meet expectations before it will have to default on its contract with PG&E. -AD 


Wind:
Wind Power Transmission Project in Plains Earns U.S. Approval                         http://www.nytimes.com/2016/03/26/business/energy-environment/wind-power-transmission-project-in-plains-earns-us-approval.html?ref=energy-environment&_r=0
March 25, 2016 | Diane Cardwell                                                                                                           This past Friday, the Energy Department approved a major high voltage transmission project, called Plains and Eastern, that aims to deliver electricity produced by wind farms in the Texas and Oklahoma panhandles to urban centers in the Midwest. The project was being delayed at the state level, but now the federal government has given the company leading it, Clean Line, the go-ahead to begin land acquisition and construction. This project is one of several high-voltage transmission projects in America that are committed to spreading electricity produced by renewable energy to more populated centers. -JPM

Power Surge 1.7

Power Surge 1.7

Volume 1, Issue 7
March 14, 2016 – March 20, 2016
Jason Mulderrig | Anushka Dasgupta


Oil and Gas:
IEA Calls A Bottom in Oil Prices         http://www.forbes.com/sites/greatspeculations/2016/03/15/iea-calls-a-bottom-in-oil-prices/#7da2fbf43850
March 15, 2016 | Frank Holmes                                                                                                       About two weeks ago, the International Energy Agency (IEA) released a report that indicated that oil prices may have bottomed out and are expected to recover in the near future. Even though Holmes remains cautious about the IEA report, he asserts that the recent rise in oil prices are due to a decline in oil output from OPEC and non-OPEC members and high hopes that OPEC and Russia can agree on a production freeze. Holmes also investigated the recent trends of downsizing and merging of oil companies. For instance, overall global oil spending fell 20% in 2015 from 2014, and spending is expected to drop 30% this year compared to 2015. However, these trends have arisen so that oil prices can recover and stabilize at profitable levels sometime in the foreseeable future. -JPM


Solar:
One of the World’s Largest Solar Facilities Is in Trouble                                 https://www.technologyreview.com/s/601071/one-of-the-worlds-largest-solar-facilities-is-in-trouble/
March 18, 2016 | Richard Martin                                                                                                               The Ivanpah Solar Electric Generating System, a facility in California, has failed to produced even two-thirds of its expected power output since its opening in 2014. The plant operates on concentrated solar power. The basic idea of concentrated solar involves mirrors mounted on the ground, which direct sunlight to a central tower and generate steam in a boiler at the top of the tower; Ivanpah uses 750,000 such mirrors. In recent years, however, the price of photovoltaic solar panels has dropped which the cost of concentrated solar power has remained relatively expensive. The California utilities commision has granted the plant a year to meet expectations before it will have to default on its contract with PG&E. -AD


Nuclear:
Germany’s Top Court Starts Hearing on Nuclear Shutdown             http://www.reuters.com/article/us-germany-utilities-nuclear-idUSKCN0WH11C
March 15, 2016 | Karl Sruhe                                                                                                              After the Fukushima accident five years ago, Chancellor Angela Merkel began pushing for a plan to rapidly phase out nuclear power in Germany, with all plants shut down by 2022. The plan was approved, but some officials were wary of the effects the move could have on nuclear energy companies and markets in general. Nuclear power companies have been struggling to cope with the sudden change, and will be suing the government for damages. Germany’s Institutional Court started examining the case on Tuesday. -AD


Energy Storage:
Tesla Discontinues 10-Kilowatt-Hour Powerwall Home Battery         http://www.greentechmedia.com/articles/read/Tesla-Discontinues-10kWh-Powerwall-Home-Battery
March 18, 2016 | Julia Pyper                                                                                                         Tesla confirmed this week that they have officially discontinued its 10-kWh Powerwall. That Powerwall version was intended as a backup power supply for the home capable of 500 cycles for a price of $3,500. But according to GTM analyst Ravi Manghani, lead acid batteries and diesel generators are a more economical option for a home back up application as compared to the 10-kWh Powerwall. As a result, the 10-kWh Powerwall fell prey to economics. This leaves the 7-kWh Powerwall as the only remaining Powerwall in Tesla’s lineup. -JPM


Wind:
Wind Farm May Be Built Off Long Island         http://www.nytimes.com/2016/03/17/science/wind-farm-may-be-built-off-long-island.html?ref=energy-environment
March 16, 2016 | Tatiana Schlossberg                                                                                                      This past Wednesday, the Interior Department announced its plans to lease 127 square miles of ocean water off the southeastern shore of Long Island for offshore wind turbine development. However, this wind farm will not be completed for several years due to the extensive process involved in environmental approval. The wind farm, located 11 nautical miles offshore, is estimated to provide enough power for 300,000 homes. This announcement follows another decision from the federal government regarding energy: President Obama announced that he will not allow offshore drilling of oil or gas off of the southeastern Atlantic coast. Both announcements give praise for the environmental and sustainable energy-minded. -JPM