{"id":22195,"date":"2022-03-31T12:43:37","date_gmt":"2022-03-31T10:43:37","guid":{"rendered":"https:\/\/www.accuracy.com\/2022\/03\/31\/accuracy-talks-straight-4-one-partner-one-view\/"},"modified":"2025-02-20T16:04:17","modified_gmt":"2025-02-20T15:04:17","slug":"accuracy-talks-straight-4-one-partner-one-view","status":"publish","type":"post","link":"https:\/\/www.accuracy.com\/en_gb\/accuracy-talks-straight-4-one-partner-one-view\/","title":{"rendered":"A new golden age of nuclear power!"},"content":{"rendered":"<p>After being weakened by various events and decisions that shed an unfavourable light on it (Fukushima, Flamanville, Fessenheim), <strong>the nuclear industry is now enjoying something of a resurgence.<\/strong><\/p>\r\n\r\n\r\n\r\n<p>The French president\u2019s recent announcement of a programme to build six EPR2 reactors shows his choice to maintain a base of decarbonised electricity production using nuclear energy.<\/p>\r\n\r\n\r\n\r\n<p>Though it is a subject of much debate, this decision is <strong>born of cold pragmatism:<\/strong> despite their demonstrated large-scale deployment, renewable energies remain subject to the whims of the weather. Alone they will not be able to substitute dispatchable power generation facilities, when <strong>considering the ambition behind commitments to reduce greenhouse gas emissions by 2050.<\/strong><\/p>\r\n\r\n\r\n\r\n<p>Faced with the electrification of the economy, the decision to maintain nuclear power in the French energy mix alongside renewable energies is not so much an option as a necessity. The guarantor of balance in the French network, RTE, also recognises this: prospective scenarios with no renewal of the nuclear base depend, in terms of supply security, on significant technological and societal advances \u2013 a high-stakes gamble to say the least. Beyond these aspects, <strong>nuclear power also constitutes an obvious vector of energy independence for Europeans.<\/strong> Current affairs cruelly remind us of this, and the situation could almost have led to a change in the German position, if we look at the latest declarations of their government.<\/p>\r\n\r\n\r\n\r\n<p>In France, initial estimations put construction costs at \u20ac52bn, but financing mechanisms are yet to be defined. The only certainty is that <strong>state backing will be essential<\/strong> to guarantee a competitive final price of electricity, given the scale of the investments and the risks weighing on the project. <strong>Ultimately, the financial engineering for the project will need to be imaginative in order to align the interests of the state, EDF and the consumers.<\/strong><\/p>\r\n<hr \/>\r\n<p><strong>Ren\u00e9 Pigot &#8211; Partner &#8211; Accuracy<\/strong><br \/><em>Accuracy Talks Straight #4 \u2013 One Partner, One View\u00a0<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>After being weakened by various events and decisions that shed an unfavourable light on it (Fukushima, Flamanville, Fessenheim), the nuclear industry is now enjoying something of a resurgence. The French president\u2019s recent announcement of a programme to build six EPR2 reactors shows his choice to maintain a base of decarbonised electricity production using nuclear energy. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":50329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[212,233,264],"tags":[323],"class_list":["post-22195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-article","category-energy-environment-analysis","tag-accuracy-talks-straight-4"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A new golden age of nuclear power! - Accuracy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.accuracy.com\/en_gb\/accuracy-talks-straight-4-one-partner-one-view\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A new golden age of nuclear power!\" \/>\n<meta property=\"og:description\" content=\"After being weakened by various events and decisions that shed an unfavourable light on it (Fukushima, Flamanville, Fessenheim), the nuclear industry is now enjoying something of a resurgence. The French president\u2019s recent announcement of a programme to build six EPR2 reactors shows his choice to maintain a base of decarbonised electricity production using nuclear energy. 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