Fervo Energy has raised $1.5B, slashed drilling costs, and is eyeing an IPO. But ignoring DLE lithium co-production leaves billions on the table. Here's why By Alphaxioms | Energy & Critical Minerals Analysis Image: Fervo Energy’s Nasdaq debut marks a defining moment for geothermal energy. ⚡🌍 Fervo Energy has become the undisputed poster child of next-generation geothermal. With over $1.5 billion raised, drilling times slashed, and high-profile power deals with Google and California utilities, they've proven that enhanced geothermal systems (EGS) can work at scale But Fervo is leaving money in the ground. Literally. Every day, Fervo pumps millions of gallons of hot, pressurized brine through deep underground fractures at Cape Station (Utah) and Project Red (Nevada). They extract the heat, generate clean electricity, and then reinject the fluid. Job done. Except that brine isn't just water. Across the Great Basin — where Fervo operates — geothermal brines carry d...
"Brace Yourself for a Nuclear Revolution!"
.jpg)
The Belgian government is taking a bold step towards securing its energy future by asking ENGIE to investigate the possibility of extending the operation of the country's three oldest reactors - Doel 1 and 2 and Tihange 1 - until 2027. The clock is ticking and the reactors are scheduled to shut down in 2025, but the government has a plan to keep the lights on.
During the scorching summer months, the government hopes to reduce the electricity production of the reactors and extend their operation, ensuring energy supply security through the winter of 2025-2026 and 2026-2027. The energy ministry spokesman, Jonas Dutordoir, says, "The challenges faced in Ukraine and the French nuclear energy sector have prompted us to explore ways to create more certainty and reduce risks in energy supply."
The government has tasked ENGIE with conducting a safety assessment of the proposed "micro-extensions" of the three units and submitting a report to the Federal Agency for Nuclear Control by mid-March. Prime Minister Alexander De Croo and Energy Minister Tinne Van der Straeten will lead negotiations with the operator, Electrabel, the Belgian subsidiary of ENGIE.
Belgium's nuclear plants produce almost half of the country's electricity and the government is expected to make a decision on the extensions by the end of March. The country's federal law of 31 January 2003 requires the phase-out of all nuclear electricity generation, but the current arrangement will see most of Belgium's nuclear generation capacity phased out by 2025.
Under a plan announced by Belgium's coalition government in December 2021, Doel 3 was shut down in September and Tihange 2 was shut down at the end of last month. The newer Doel 4 and Tihange 3 are scheduled to shut down by 2025, but ENGIE and the Belgian federal government signed an agreement in January 2023 to restart the reactors in 2026 and operate them for an additional ten years.
So, hold on tight, Belgium is embarking on a nuclear revolution and the future looks bright!
There are several factors that can influence the decision to extend or not extend a nuclear power plant:
Economics: The cost of operating and maintaining a nuclear power plant, as well as the cost of decommissioning and disposing of radioactive waste, can be significant. The decision to extend the plant may depend on whether the plant is economically viable or not.
Safety: The safety of a nuclear power plant is of utmost importance. The decision to extend the plant may depend on whether the plant is meeting safety standards and whether any upgrades are needed to meet those standards.
Energy needs: The energy needs of the region may change over time. The decision to extend the plant may depend on whether the plant is still needed to meet energy demands, or whether alternative sources of energy, such as renewable energy sources, have become more feasible.
Public opinion: Public perception of nuclear power can play a role in the decision to extend a plant. If there is strong public opposition to nuclear power, the decision to extend the plant may be influenced by that opposition.
Environmental impact: The environmental impact of nuclear power, including the potential for radiation releases and the disposal of radioactive waste, must be considered when making the decision to extend a plant.
Ultimately, the decision to extend or not extend a nuclear power plant will depend on a complex set of factors and will require careful consideration of the costs and benefits of each option
source:(worldnuclearnews)
#Nuclearenergy #Belgium #Energypolicy
Comments
Post a Comment