Renewables Add Pressure to Nuclear Future

Posted June 2, 2014 at 10:14am

CNBC reports that “it took the Fukushima disaster to put the future of nuclear power in doubt – but could renewable energy mean the end for nuclear power?”  

“In March 2011, disaster struck Japan. An immensely powerful earthquake and tsunami resulted in a catastrophic meltdown at the Fukushima Daiichi nuclear power plant. In the aftermath of the disaster, using atomic power to generate electricity came under intense scrutiny – resulting in both Japan and Germany deciding to phase out nuclear power.”  

“With anti-nuclear sentiment strong in both countries, utility companies are coming under intense pressure, with profits being squeezed and their centralized business model facing an increasing challenge from renewables.”