Sunday, April 19, 2009

Energy of The Future Or Monster of All

In 2007, nuclear power's share of global electricity generation dropped to 14%. According to the International Atomic Energy Agency, the main reason for this was an earthquake in western Japan on 16 July 2007, which shut down all seven reactors at the Kashiwazaki-Kariwa Nuclear Power Plant. There were also several other reductions and "unusual outages" experienced in Korea and Germany. Also, increases in the load factor for the current fleet of reactors appear to have plateaued.


In the US, while the Coal and Gas Electricity industry is projected to be worth $85 billion by 2013, Nuclear Power generators are forecast to be worth $18 billion.

International research is continuing into safety improvements such as passively safe plants, the use of nuclear fusion, and additional uses of process heat such as hydrogen production (in support of a hydrogen economy), for desalinating sea water, and for use in district heating systems.

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