29 Jul '16, 8am

The pace of technological change has simply left #Hinkley C behind. #storageishere

“This decision defies logic, the energy world has fundamentally changed in the decade since the decision on new nuclear was made and the fundamentals of this project no longer stack up. In those ten years, nuclear costs have rocketed, whilst the price of renewables have dropped spectacularly and from a standing start now produce 25% of the UKs generation. “Technologies such as solar, onshore wind and biomass are already cheaper than nuclear, are quicker to deploy and has none of the construction or economic risk. Assuming that EPR technology can ever be made to work and does deliver in 2026, it will be obsolete well before it's opened. We are seeing grid-scale battery storage already being deployed commercially in the UK this year, coupled with smarter grids and technology driving up efficiencies. “The pace of technological change in the last decade has simply left this pr...

Full article: http://www.r-e-a.net/news/the-pace-of-technological-chang...

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