

  (Source: Siemens AG)
Project cost $2.84B USD, exploits natural abundance of marine winds


I. London Array is Turned On





II. Green Profit, But Energy Firms are Hungry for More




UK offshore wind
[Image Source: Siemens]




Sources: London Array [press release], Bloomberg

Comments     Threshold


RE: Idiots...
By m51 on 7/5/2013 11:30:20 AM , Rating: 2
The uranium peak is essentially a myth. With the depressed prices of uranium over the past decades there has been little effort to look for more. But when ever money is spent on exploration uranium reserves increase rapidly. Also a basic rule of thumb is that for mined resources increasing the price by a factor of 2 increases available reserves by a factor of 10 due to the viability of mining lower concentration ores.

Since the cost of uranium only contributes about 0.2 cents per kwh to the cost of nuclear power, a price increase of a factor of 4 can readily be accommodated and this would increase available reserves by roughly a factor of 100.

On top of that Japanese research into extraction of uranium from sea water has brought the extraction cost down to near the point of economic viability, and that would open up an essentially limitless supply.

There is no shortage of nuclear fuel.

BTW you don't need large amounts of water for a nuclear power plant, dry cooling is also an option, although wet cooling is preferred because it increases over all power plant efficiency.

You are certainly correct that a mix of solutions is needed as there is no single technology that fits all the needs.

