Will France Abandon Nuclear Power? By Tatiana Serova -

New Post Public Reply Private Reply Replies (1) Message Board
SaltyMutt
144
Will France Abandon Nuclear Power?

By Tatiana Serova - Feb 01, 2021

2021-02-01_0lemgi2o8f.jpg

On Wednesday January 27th, the International Energy Agency (IEA) released a long-awaited report called “Conditions and requirements for the technical feasibility of a power system with a high share of renewables in France towards 2050”. Yet, that document was given a cold welcome by the French nuclear industry, as behind this somewhat complex title hides a key message : a scenario of 100% renewable energy is “technically possible” in 2060 in France. This implies that the country would potentially no longer need nuclear energy to meet its domestic demand.

From a nuclear champion to the Flamanville struggle

The nuclear sector accounts for around 70% of today’s French electricity mix, and over 40% of final energy demand. Back in the 1970’s, France decided to take the nuclear path, aspiring to move away from oil and achieving energy independence. Since then, not only did the country guarantee its own security of electricity supply, but it could also export it towards neighboring EU countries. Killing two birds with one stone, France boasted some of the cheapest electricity in Europe and was proud to have an almost fossil fuels free electricity generation system.

In 2020, the priority has shifted from nuclear power towards complying with the Paris-agreement goal of being net-zero carbon by 2050. In its pluriannual plan of energy, France gave itself the objective to reduce the share of nuclear power in the energy mix to 50% by 2035. In 2020, the government announced the upcoming closure of 14 nuclear plants to fulfill this objective. The closure of the Fessenheim plant, in June 2020 left a 1,7 GW capacity gap to be compensated for with other sources of power generation.

In parallel, the fact that the French utility EDF is progressively losing its know-how in the nuclear field is consensually admitted. The difficulties EDF is facing with the construction of the Flamanville plant - i.e. the misconstructed weldings and excesses in budget - provide a salient illustration of this trend.
Related: This Year Will Define The Next Decade In The Energy Industry

A crystallized tension around the atom

The timing of the IEA report is not innocuous. In fact, the nuclear industry is currently witnessing a pivotal moment, as the French Nuclear Regulator (ASN) recently greenlighted the extension of nuclear plants’ lifetime over 40 years. This means that some old reactors will be decommissioned but will have to be replaced by new ones. The French government faces a complicated question: on the one hand, it could opt to add additional nuclear capacity, or on the other, it could invest in renewable energy to compensate for the losses of nuclear capacity.

The IEA report was charged with exploring that specific dilemma. The report was commissioned by the French Transmission System Operator RTE, and meant to guide the Minister of Ecology - Barbara Pompili – in drafting the future energy policy. Barbara Pompili, who represents the French Green party, and has never hidden her opposition to nuclear energy, welcomed this report with enthusiasm : « The option of 100 % renewables has never been explored in such depth: the highest authority for energy admits it is technically possible », she declared to Le Monde.

The IEA does not go into detail about the feasibility of the renewable energy option. Yet, it is put on the table, and this is already enough for anti-nuclear environmental groups such as Greenpeace or Réseau Sortir du Nucléaire to claim victory, and to do away with decades of being called “utopists”.
Related: Tesla’s 20 Million EV Ambition Faces Huge Mining Challenge

However, Pompili’s stance is far from being coherent with the previous moves of the Ministry of Environment, and even less with French president Emmanuel Macron’s speeches. Back in 2019, former Minister of Environment Elisabeth Borne requested EDF to draft a roadmap for the construction of 6 new European Pressurized Reactors (EPR). This decision provoked a surprise among the whole political spectrum, as building 6 new reactors in 15 years seemed unrealistic given the EDF’s struggle to build just one such plant at Flamanville.

On his part, the French president declared that “nuclear power has to remain a pillar in our national electricity mix”, showing little interest to fully pivot to renewables. Pompili has assured that no final decision will be issued before the end of the mandate, in 2022.

A “conditional” hope for the 100% scenario

The report shows that in both scenarios, the “share of renewables would substantially increase”. However, the 100% renewables scenario will require either painful sacrifices or massive investments, the IEA has listed four challenges which will need to be overcome for its implementation. The first one is improving grid stability (1), meaning the adequacy between supply and demand. Doing this without conventional energy sources appears difficult, especially considering the intermittent (or variable) character of renewables (2) To cope with this intermittency, the IEA envisages several solutions such as demand-side flexibility, improvement of batteries, and management of peaking units.

Then comes the necessary increase of operational reserves (3) and grid development (4), where the authors of the report write: “for the time being, France does not need to procure large volumes of operational reserves compared to other countries, and its balancing system is competitive, resulting in low costs for the consumer compared to other European countries”.

Whether France will manage to keep energy bills at acceptable levels for consumers is uncertain, and costs for the end-user may end up rising as a result of a nuclear phase-out. Next to this, the amount of investment made into the improved grid balanced systems is not clearly mentioned : the authors of the report merely say that “assessing the costs is beyond the scope of this report (...) although they might be substantial”.

Lastly, only one paragraph is dedicated to the issue of social acceptance and to the costs implied by these reforms, as if they were not essential for the government’s decision. Despite all the unknowns, one thing becomes clear from this report: if the 100% renewables scenario eventually takes shape, it will mark a definitive shift of the energy sector away from market logics.

By Tatiana Serova for Oilprice.com

https://oilprice.com/Energy/Energy-General/Wi...Power.html
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Deadline Looms for EquipmentShare Investors' Legal Action

Updated Category News Views 4

Pressure Builds for EquipmentShare Investors If you've thrown some cash into EquipmentShare.com Inc. (NASDAQ: EQPT), it's time to sit up and pay attention. There's smoke on the horizon, and Faruqi & Faruqi, LLP is waving the flag. They've got a securities class action spinning fast, and if you've suffered any losses, September 21, 2026, is a date you don't want to forget....

Continue Reading
XKL Delivers MediaLight for High-Speed Optical Transport

Updated Category News Views 2

Unpacking the MediaLight Launch Kicking off September, XKL is tossing its hat in the ring with the MediaLight Xponder and Muxponder systems. These aren't just any run-of-the-mill gizmos—nope, they're touted as top-of-the-line optical transport solutions. The talk of the town is their ability to dish out high-density 100G and 400G transport, and for geeks in the trade,...

Continue Reading
Rare Collectibles Highlight Morphy's Auction on Oct 4

Updated Category News Views 2

Anticipation Builds for Morphy's Auction Event Morphy's upcoming event on October 4th is all about tapping into the era of revved engines, gleaming gasoline signs, and some history that could put Hollywood tales to shame. The auction isn't just a stroll down memory lane; it features over 650 lots, each a time capsule of America's automotive past. From Al Capone's ritzy...

Continue Reading
Veteran Marketer Joins The Wisory's Advisory Board

Updated Category News Views 3

Tyrrell Schmidt Joins The Wisory's Board Out of the blue, The Wisory has snatched Tyrrell Schmidt right off the retirement bench. This doesn't seem like just another board seating; it smells like a calculated power play. Schmidt, fresh from her heavyweight stint as Global CMO at TD Bank, adds a spicy dose of marketing prowess to The Wisory's already loaded Advisory Board....

Continue Reading
K-9 Hero Act Aims to Ease Costs for Retired Dogs' Care

Updated Category News Views 7

Let's Talk About the Loyalty that Dogs Deserve Who would've thought we'd be chatting about our four-legged heroes in a federal setting? But here we are, giving well-deserved attention to those furry federal agents. They're the ones who sniff out bombs and tackle crooks, and they're not asking for a retirement plan with a yacht – just some vet care! What the K-9 Hero Act...

Continue Reading
GBI Bio's New CEO Jesse McCool to Propel Growth

Updated Category News Views 4

Jesse McCool stepping into GBI's CEO shoes is the kind of move that makes you sit up straight and take notice. Let me tell you, the biomanufacturing scene is buzzing with this appointment, and McCool's got his work cut out for him in leading GBI Biomanufacturing's shift towards commercial-scale operations while expanding their early-stage biotech portfolio. A Veteran in...

Continue Reading
OneAscent Welcomes Monica Stoudemire as New CCO

Updated Category News Views 3

New Leadership in Compliance Diving straight into the tumultuous sea of securities compliance, OneAscent's got a fresh captain at the helm. Monica Stoudemire's stepped into the Chief Compliance Officer's shoes with a track record that'd make any investor breathe a sigh of relief. After all, blending two decades of on-the-ground experience with regulatory acumen ain't...

Continue Reading
Albertsons Welcomes Once Upon a Coconut Nationwide

Updated Category News Views 4

Coconut Water Takes Over Grocery Aisles You know, for all the cautious optimism I wield, this here is a move that shows real muscle in the world of coconut water—I mean, slamming into Albertsons' grocery empire is no small potatoes! Once Upon a Coconut has landed its premium hydration cans across all the banners under this giant retailer. From that good ol' familiar...

Continue Reading
Mobile Iron IV Expansions: Targeting Texas Health Needs

Updated Category News Views 14

Out in Texas, folks facing iron deficiency have a new game-changer coming their way. Drip Gym, the same outfit making waves out in Queens and Long Island, is taking their mobile iron IV therapy clinic straight to Texan doorsteps. No more trotting off to a clinic for iron infusions with this crew rolling into Houston, Dallas, Austin, and San Antonio. What's the Big Deal?...

Continue Reading
AbbVie's Bold Leap in Menstrual Migraine Treatment

Updated Category News Views 10

AbbVie's Game-Changing Atogepant Study When it comes to pushing boundaries in the pharmaceutical world, there's no sitting on the fence. AbbVie's Phase 3 LUNA study results are painting a bright picture for women who suffer from the relentless grip of menstrual migraines. In a world where not a single treatment option has been approved specifically for this condition,...

Continue Reading

Top 5 Most Recently Viewed Articles

Jacobs Announces Quarterly Dividend with Shareholder Benefits

Updated Category News Views 167

Jacobs Declares Quarterly Cash Dividend The Board of Directors of Jacobs (NYSE:J) has recently announced a quarterly cash dividend aimed at rewarding its shareholders. This dividend reflects the company’s robust financial standing and commitment to delivering value to its investors. Jacobs has set the dividend amount at $0.32 per share of common stock, which exemplifies...

Continue Reading
Arquus Achieves ISO 27001 Certification with MAGNA's Help

Updated Category News Views 113

Arquus Attains ISO 27001 Certification: A Game Changer Arquus, a visionary in defense and vehicle innovation, has reached an incredible milestone by securing the ISO 27001 information security management certification. This significant accomplishment has been made possible through the expert guidance of MAGNA, a recognized leader in cybersecurity services. Commitment to...

Continue Reading
Sewell Automotive Expands with New Land Rover Dealership Acquisition

Updated Category News Views 335

Sewell Automotive's New Venture into Luxury Vehicles Sewell Automotive Companies, a cherished Texas-based dealership group, has recently made headlines by acquiring Land Rover Boerne. This significant move marks Sewell's expansion into the Boerne area and enhances their commitment to providing exceptional service within the luxury vehicle market. About the Acquisition...

Continue Reading
Royal Canadian Mint's Remarkable Achievement in Coin Design

Updated Category News Views 271

Royal Canadian Mint's Recent Coin Awards Triumph The Royal Canadian Mint has recently made headlines by receiving global industry recognition for its remarkable achievements in coin design at the Mint Directors Conference. This esteemed event is celebrated annually, honoring excellence in commemorative and circulating coin production worldwide. Outstanding Double-Sided...

Continue Reading
Groundbreaking Hydrogen Production Pilot with SunHydrogen and UT Austin

Updated Category News Views 253

Exciting Collaboration for Renewable Hydrogen Production SunHydrogen, Inc. (OTCQB: HYSR) has taken a significant leap forward in renewable energy technology by partnering with The University of Texas at Austin. This strategic collaboration aims to set up a pioneering hydrogen production pilot system larger than 30 m², showcasing the innovative potential of...

Continue Reading