Topics: Energy, Environmental Compliance, NEMS, Energy Modeling, Environmental Regulation, Energy Policy, Integrated Modeling, Transportation Technologies, Electric Vehicles, climate change, transportation climate initiative
Recently there have been calls for a ban on U.S. oil and natural gas production using hydraulic fracturing (also known as “fracking”), and several states have passed laws banning its use. To investigate such a policy initiative, the American Petroleum Institute (API) turned to OnLocation to provide quantitative modeling and analysis to determine the impacts of an outright ban on fracking. API chose OnLocation because of its reputation for respected and timely analysis of this nature.
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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