Over the past several years, the Energy Innovation Reform Project (EIRP) has developed and promoted an Innovation + Regulation Policy Framework (I+R) for decarbonizing the U.S. electric power sector. OnLocation, Inc. completed a comprehensive modeling analysis for EIRP to identify the potential benefits and challenges of employing the I+R Framework. The study found that the I+R Framework is more cost-effective and results in greater diversity of generation options, including more firm and dispatchable clean power, than the alternative regulation-only clean energy policy examined.
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Topics:
NEMS,
Energy Modeling,
Environmental Regulation,
Energy Policy,
climate change,
Advanced Technologies,
carbon capture,
Innovation + Regulation,
Clean Energy
Now is the time for modelers to reassess how nuclear technologies are represented in energy system models. That is the conclusion of a new OnLocation paper written for the Nuclear Innovation Alliance. This paper examines the many ways that nuclear energy, including advanced nuclear reactors, can play a significant role in meeting climate mitigation goals and makes a case for energy modelers to consider incorporating characteristics and applications for advanced reactors into their energy economic models.
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Topics:
Energy,
NEMS,
Energy Modeling,
Energy Policy,
Integrated Modeling,
climate change,
Advanced Technologies,
nuclear power
On Wednesday September 16, 2020, the Transportation and Climate Initiative (TCI) will host a webinar to present updates on program design, modeling, and the implications of COVID-19. The goal of the initiative is to establish a regional policy to encourage the use of low-carbon transportation fuels and investment in transportation projects to achieve additional environmental benefits. The program would cover more than 40 percent of greenhouse gas emissions from twelve TCI states and the District of Columbia.
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Topics:
Energy,
Environmental Compliance,
NEMS,
Energy Modeling,
Environmental Regulation,
Energy Policy,
Integrated Modeling,
Transportation Technologies,
Electric Vehicles,
climate change,
transportation climate initiative
While renewable energy and nuclear power often grab the headlines regarding the current electricity markets transformations, leaders across the industry recognize that electricity storage is the real game changer driving revolutionary change. While an increasingly decarbonized energy mix is often the focus, smart money is on battery technologies being the key to unlocking market value in grids across the world.
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Topics:
Energy,
Environmental Regulation,
Energy Policy,
Transportation Technologies,
Electricity System,
Electric Vehicles,
climate change,
Advanced Technologies,
electricity grid
The United States has a long and complex history with regards to nuclear energy, stretching back to the first harnessing of nuclear power during the Manhattan Project through the panic in the wake of the Three Mile Island accident and to today where technological advancements are making nuclear power safer and more efficient than ever before. Despite these advancements, decreasing natural gas prices, a boom in solar and wind power, and a persistent inherent fear of nuclear power in some circles has brought construction of new nuclear plants to a virtual standstill. Only one new reactor, Watts Bar #2, has come online since 1996, one construction project in South Carolina was abandoned partway through construction, and the only active nuclear construction project, Plant Vogtle in Georgia, has been mired in controversy and uncertainty amid escalating costs. Compounding that issue in the nuclear industry is the expected closure of many of the aging nuclear reactors across the country, with almost 12% of U.S. nuclear capacity expected to close in the next seven years.
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Topics:
Environmental Compliance,
Energy Modeling,
Environmental Regulation,
Energy Policy,
Integrated Modeling,
climate change
