Constellation Energy’s earnings skyrocket as investors eye AI

May 13, 2024, 9:30AMANS Nuclear Cafe

Investor’s Business Daily reported May 10 that the first-quarter earnings of Constellation Energy, the largest operator of nuclear power plants in the United States, surged 858 percent to reach a share price of $2.78, partly as a result of promising expectations regarding demand for artificial intelligence data centers. The S&P 500 stock value of Constellation jumped 3.7 percent on May 8 to $208.

Germany’s “senseless act of folly”

April 20, 2023, 9:30AMANS Nuclear Cafe

Hill

The recent shutdown of Germany’s three remaining nuclear reactors is “a senseless act of folly, against all the science and available evidence.” So writes Lincoln Hill, director of policy and external affairs at the Nuclear Industry Association, in a strong opinion piece on CapX, a publication of the London-based Centre for Policy Studies.

Illogical: Hill is emphatic is criticizing Germany’s move as an antiscience action that is ideologically driven and harmful to the cause of battling climate change. He calls it “the single worst decision Europe has taken in the fight against climate change, and one for which we all are paying the price.”

He points out that Germany’s former chancellor, Angela Merkel, “ostensibly” made the decision to phase out nuclear energy as a reaction to the Fukushima accident in Japan. However, Japan itself is seeking to “restart its 30-GW nuclear fleet, even as Germany finishes shuttering a fleet of 20 GW.”

The 2023 Nuclear News energy quiz

January 11, 2023, 7:00AMNuclear NewsJames Conca

Are you an energy genius? It’s hard to tell whether or not Americans are really aware of the energy that controls our lives, so the following quiz should be revealing. Click through the multiple-choice options below to reveal the answers.

Scoring: Zero to five correct answers out of the 23 questions means you may need to read up on energy so you’re not at the mercy of others. A score of 6 to 10 correct answers is a good passing grade. Answer 11 to 15 correctly, and you’re really energy literate. Getting 16 to 19 correct means you should be advising Congress. Twenty or more right answers suggests you’re Spock reincarnated.

Germany: Coal tops wind energy in 2021, but there’s more to the story

September 23, 2021, 7:02AMANS Nuclear Cafe

Coal-fired plants fed the most power to Germany's electricity grid in the first half of 2021, while wind power dropped to its lowest level since 2018. As a September 13 article published on the German news site DW.com explained, the situation was blamed in part on a wind energy shortfall that is causing power price spikes across Europe.

Energy markets strained by price spikes make the case for nuclear

September 16, 2021, 7:00AMANS Nuclear Cafe

Energy prices surged across Europe recently as markets were stricken by reduced output from wind turbines. Low supplies of natural gas had already boosted the cost of the gas–powered generation required to make up for dips in renewable energy sources. The result: a series of dire headlines, soaring prices for natural gas, and the startup of idled coal power plants.

The cost of unreliability

October 13, 2020, 12:00PMANS NewsMary Lou Dunzik-Gougar

Mary Lou Dunzik-Gougar

In the September issue of Nuclear News, I asked if you’ve ever wondered why nuclear isn’t commonly considered the choice for clean power production. In that column and in August’s, I provided some information about the cleanliness and safety of nuclear for your use as you make the case for this clean energy source to friends and neighbors. This month, let’s talk reliability.

Washington State utility says, “No more wind”

September 21, 2020, 11:51AMANS Nuclear Cafe

An article published over the weekend in the Tacoma News Tribune reports that the Benton Public Utility District in Kennewick, Wash., is saying no to more wind farms. Even though utilities are moving to decarbonize the grid, a report from the Benton PUD says that more wind farms “will contribute very little to keeping the regional power grid reliable and will not help Benton PUD solve our seasonal energy deficit problems.”

How painful will the coming spike in natural gas prices be?

October 1, 2013, 10:00AMANS Nuclear CafeRod Adams

There is a good reason for American nuclear energy professionals to learn more about the dynamics of the natural gas market. We have been told numerous times that cheap natural gas is making our technology less and less viable in the competitive market place. Natural gas (also known as methane) is a terrific product, but it has been promoted as being capable of supplying a much larger portion of our overall energy demand. That promotional effort is putting us all at risk of a severe hangover when the low price bubble bursts.