Skip to main content

All Aboard for the Neutron Express!

atom_trainNuclear energy would be perfect for electric/hybrid cars, a potentially gigantic market for electricity that is well-suited to an energy source with a 24/7-profile. We’ve got the nuclear facilities, all we need now are more cars. I haven’t given up on the possibility, and there has been some traction in the kilowatt mobile business, but it’s been a bit of a slog.

Still, a good idea is a good idea, so it’s interesting to see Great Britain explicitly tie their electric trains to nuclear energy.

The majority of Britain's trains will be indirectly running on nuclear power for the next 10 years following Network Rail's agreement to a £3bn deal with EDF to supply electricity to the railways.

“Indirectly running.” That sounds like a nice way of saying, “We cannot know where the electricity is coming from,” which is true, “but a lot of it is nuclear energy,” which is also true. What it really means is that only 50 percent of the train service is electric, though that is expected to increase to 75 percent in 2020.

Still, there is a bit more to it – it isn’t just a symbolic gesture.

EDF Energy operates 14 Advanced Gas-cooled Reactor and one pressurized water reactor, totaling 9548 MWe in generating capacity. It has advanced plans for a new EPR unit at Hinkley Point, which it wants to be the first of four.

EDF owns two coal plants, two natural gas plants and a couple of wind farms – though EDF is not one of the big boosters of renewable energy on the isles – but the focus is definitely and explicitly on nuclear energy, with eight facilities generating about 9000 megawatts, and Network Rail insisting that the electricity it will use must come directly from nuclear energy.

The deal has positive implications for both British Rail and EDF. For Network Rail:

Network Rail will purchase power "up to ten years in advance" under the deal, a privilege which the companies said "helps to deliver greater certainty over costs and significantly reduce exposure to short term, volatile energy prices." This kind of long-term arrangement is made possible by the economics of nuclear power, which feature high costs for construction and capital but low and predictable fuel and operating costs.

Very true. And for EDF:

For EDF Energy, CEO Vincent de Rivaz called the deal "a massive vote of confidence in our nuclear-backed energy." He said, "The deal places nuclear energy at the heart of the UK's infrastructure for the next ten years and serves to underline that nuclear power is part of everyday life in Britain."

I wonder if British Rail will incorporate this into selling the service – something like Atomic Trains to Bramford or Neutron Expresses to Oxford or perhaps it will  just reference its green profile in the literature. I vote for the atomic train.

Comments

Anonymous said…
Is that a toy set of "Supertrain"?

James Greenidge
Queens NY

Popular posts from this blog

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...