tomhath writes from a report via The Washington Post: The Tennessee Valley Authority’s (TVA) Watts Bar Unit 2 is the first nuclear reactor to come online since 1996, when the Watts Bar Unit 1 started operations. The new reactor is designed to add 1, 150 megawatts of electricity generating capacity to southeastern Tennessee. By summer’s end, authorities expect the new reactor at this complex along the Chickamauga Reservoir, a dammed section of the Tennessee River extending northward from Chattanooga, to steadily generate enough electricity to power 650, 000 homes. But while nuclear reactors account for the lion’s share of the carbon-free electricity generated in the United States, the industry faces this new set of circumstances in a state of near-crisis. A combination of very cheap natural gas and deregulated energy markets in some states has led to a growing number of plant closures in recent years. A new report from Bloomberg New Energy Finance says that renewable energy, including solar, wind and hydroelectric will overtake natural gas as an energy source by 2027. Read more of this story at Slashdot.
Continued here:
Watts Bar Unit 2 Is The First New US Nuclear Reactor In Decades
An anonymous reader shares a Bloomberg article: German Chancellor Angela Merkel’s government reached a deal with automakers to jointly spend 1.2 billion euros ($1.4 billion) on incentives to boost sluggish electric-car sales. Buyers will be able to receive as much as 4, 000 euros in rebates to help offset the higher price of an electric vehicle, Finance Minister Wolfgang Schaeuble said at a press conference in Berlin. Purchasers of hybrid cars will get as much as 3, 000 euros off the price. The industry will shoulder 50 percent of the cost. The program is set to start in May, pending approval from the German parliament’s budget committee, he said. “The goal is to move forward as quickly as possible on electric vehicles, ” Schaeuble told reporters, adding that the aim is to begin offering the incentives next month. “With this, we are giving an impetus.” Read more of this story at Slashdot. 