Shale Gas News and Information
Gas v Nuclear
- Published: 28 December 2010
The UK is still making nuclear a prime component of it's energy policy. But in the USA, according to Hitachi, one of GE's partners in reactors:
Hitachi and GE joined forces in 2007 and set up joint ventures in Japan and the United States, with the aim of tapping growing demand for nuclear power. Hitachi owns 80 percent of the Japan venture while GE has a 60 percent stake in the U.S. firm.
The partners have set a target of securing orders for at least 38 nuclear plants by 2030. Of that, 10 were originally expected to come from the United States, Nakanishi said.
"When we formed the joint venture, the situation was that we expected a nuclear renaissance in America, with 30 new plants to be built in the United States alone," said Nakanishi, who took over the helm at Hitachi in April.
"That has changed enormously, with the discovery of shale gas and big swings in fuel prices... We now don't expect any new nuclear plants in the United States in the next 10 years."
But in the UK, nuclear power is one of the foundations, along with CCS, Wind power and gas storage of the government program. And shale gas? Won't work for years UK experts say. Who has the better track record?
Time for a Plan B?