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Finishline42

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Member since: Thu Feb 28, 2008, 10:49 AM
Number of posts: 782

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Biden launches $6 billion dollar plan to save at risk nuclear plants

The Biden administration is launching a $6bn effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change.

On Tuesday, a certification and bidding process opened for a civil nuclear credit program that is intended to bail out financially distressed owners or operators of nuclear power reactors, the US energy department told the Associated Press exclusively, shortly before the official announcement. It’s the largest federal investment in saving financially distressed nuclear reactors.

Owners or operators of nuclear power reactors that are expected to shut down for economic reasons can apply for funding to avoid closing prematurely. The first round of awards will prioritize reactors that have already announced plans to close.


The second round will be opened up to more economically at-risk facilities. The program was funded through Joe Biden’s $1tn infrastructure deal, which he signed into law in November.

“US nuclear power plants contribute more than half of our carbon-free electricity, and President Biden is committed to keeping these plants active to reach our clean energy goals,” energy secretary Jennifer Granholm said in a statement.

“We’re using every tool available to get this country powered by clean energy by 2035, and that includes prioritizing our existing nuclear fleet to allow for continued emissions-free electricity generation and economic stability for the communities leading this important work.”


https://www.theguardian.com/us-news/2022/apr/19/biden-effort-nuclear-plants-energy-climate-crisis?utm_source=dlvr.it&utm_medium=twitter

Auction of offshore sites for wind farms

Would replace a lot of fossil fueled power generation.

The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included major European energy companies.

The auction, which began on Wednesday and stretched into Friday afternoon, is the first offshore wind lease sale under U.S. President Joe Biden, who sees the expansion of the industry as a way to tackle climate change and create jobs.


snip

The U.S. Bureau of Ocean Energy Management (BOEM), which oversees energy development in federal waters, offered six leases across 488,201 acres (197,568 hectares) between New York's Long Island and New Jersey, an area known as the New York Bight.


By the end of the auction, total high bids on the six blocks amounted to $4.37 billion. That is more than three times the revenue received from all U.S. offshore oil and gas lease auctions over the past five years.

https://www.reuters.com/business/energy/us-offshore-wind-auction-nears-4bln-third-day-bidding-2022-02-25/?utm_content=199944331&utm_medium=social&utm_source=twitter&hss_channel=tw-403019655
Posted by Finishline42 | Sun Mar 6, 2022, 07:28 PM (2 replies)

Planned utility-scaled electric generating capacity additions for 2022

Solar will account for almost half...

In 2022, we expect 46.1 gigawatts (GW) of new utility-scale electric generating capacity to be added to the U.S. power grid, according to our Preliminary Monthly Electric Generator Inventory. Almost half of the planned 2022 capacity additions are solar, followed by natural gas at 21% and wind at 17%.

Developers and power plant owners report planned additions to us in our annual and monthly electric generator surveys. In the annual survey, we ask respondents to provide planned online dates for generators coming online in the next five years. The monthly survey tracks the status of generators coming online based on reported in-service dates.

Solar. We expect U.S. utility-scale solar generating capacity to grow by 21.5 GW in 2022. This planned new capacity would surpass last year’s 15.5 GW of solar capacity additions, an estimate based on reported additions through October (8.7 GW) and additions scheduled for the last two months of 2021 (6.9 GW). Most planned solar additions in 2022 will be in Texas (6.1 GW, or 28% of the national total), followed by California (4.0 GW).

Natural gas. In 2022, we expect 9.6 GW of new natural gas-fired capacity to come online. Combined-cycle plants account for 8.1 GW of the planned capacity additions (over 84%), and combustion-turbine plants account for 1.4 GW. Almost all (88%) of the planned natural gas capacity is located in Ohio, Florida, Michigan, and Illinois.

Wind. In 2021, a record-high 17.1 GW of wind capacity came online in the United States. We based this estimate on reported additions through October (9.9 GW) and planned additions in November and December (7.2 GW). Another 7.6 GW of wind capacity is scheduled to come online in 2022. About half (51%) of the 2022 wind capacity additions are located in Texas. The 999 MW Traverse Wind Energy Center in Oklahoma, the largest wind project expected to come online in 2022, is scheduled to begin commercial operations in April.

Battery storage. We expect U.S. utility-scale battery storage capacity to grow by 5.1 GW, or 84%, in 2022. Several factors have helped expand U.S. battery storage, including declining costs of battery storage, deploying battery storage with renewable generation, and adding value through regional transmission organization (RTO) markets.

Nuclear. Another 5% of the country’s planned electric capacity additions in 2022 will come from two new reactors at the Vogtle nuclear power plant in Georgia. One of these reactors, Unit 3, was expected to come online in 2021, but the unit’s planned start date was delayed until June 2022 to allow additional time for construction and testing.


https://cleantechnica.com/2022/01/10/solar-power-will-account-for-nearly-half-of-new-u-s-electric-generating-capacity-in-2022/
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