Nuclear power has experienced a quantum leap in Denmark in the last two weeks!
The CEO of the @novonordiskfond and the CEO of @OrstedDK both believe that we cannot avoid nuclear power in Denmark.
A thread🧵
(1/12)
Last week, chairman of the Novo Nordisk Foundation, Lars Rebien Sørensen, made it clear that we should reconsider our ”Nuclear Power No Thanks” in Denmark.
Today in the danish newspaper @berlingske he makes an even more profound claim follwing last weeks annonuncement.
(2/12)
Lars Rebien is chairman of the board of the world's third largest fund, which has more than 100 billion $ at its disposal.
He opens up the possibility that the fund can contribute to speeding up research and investments in nuclear power in Denmark. energywatch.com/EnergyNews/Ren…
(3/12)
To Berlingske he says
"We are building a safe and stable energy system in Denmark. In my opinion the excessive focus on offshore wind has some worrying and unfortunate effects, which could end up costing both consumers and Danish society immensely"
Lars Rebien Sørensen also has his eyes on Sweden, where the Swedish government has announced that it plans to increase the production of nuclear power.
He follows up with:
"What if an agreement was made with the Swedes that we would like to help finance the renovation of their nuclear plants, in return for us getting some more power. That way you build on something you know can work"
(6/12)
Lars also mention, which reactors he has in mind:
"But it is not impossible that within a time frame of ten years we have come further with some of the small modular reactors (SMR) of 300 megawatts, which are being developed at companies such as @gehnuclear"
(7/12)
Lars Rebien is being followed by Ørsted's CEO @NipperMads, who kind of supports Rebien in this announcement. Nipper goes so far as to announce that the state-owned @OrstedDK might want to invest in nuclear power in the future on Danish soil.
(8/12)
The announcements from two of Denmark's most influential CEO's testifies that a nuclear adventure is on its way. Denmark is otherwise known for being one of the absolute most staunch opponents of nuclear power in the world.
(9/12)
Denmark even have a parliamentary resolution from 1985 that excludes nuclear power from Danish energy planning. The announcements from the top CEO's are going to change the conversation in Denmark forever.
(10/12)
In recent years, we have seen the governing party Social Democrats almost ghost-likely stay away from the conversation.
This is no longer possible. The population will demand a debate in which everyone must participate. It is inevitable and just a matter of time.
(11/12)
Latest opion polls show that there are more supporters (46%) than oppenents (39%) to nuclear in Denmark.
If Denmark can change their view on nuclear power, then anyone can!
Just in: The Danish Prime Minister is open to nuclear energy in Denmark 🇩🇰
A serious conversation about removing the ban on nuclear energy is now happening at the highest levels of Danish politics.
Let’s goooooo! 1/3
Today in Danish parliament, the Prime Minister (@Statsmin) was asked about lifting the ban on nuclear energy.
To this she answered:
“Yes, I think we should look at it with open eyes. It’s better that we have nuclear power in Europe than that we are dependent on Russian gas.” 2/3
This means that all three governing parties are now opening to relax the ban on nuclear energy in Denmark.
💡IEA: Nuclear is cheaper than solar or wind + storage in the EU in 2040
In its latest report the @IEA shows that new nuclear in EU in 2040 is more cost-effective than solar or onshore wind paired with 8-hour batteries, when compared at the same discount rate (WACC)
A 🧵 1/5
On p. 53, the numbers are clear: At a 4% discount rate, both traditional nuclear and SMRs come out cheaper or equal to solar PV or wind + battery storage.
And remember this doesn’t even include the additional grid costs that renewables impose.
Yet too often, nuclear is portrayed as too expensive, partly because of how people interpret IEA’s VALCOE metric. This table on p. 333 in the IEA's "World Energy Outlook" 2024 is often being used. But the discount rate (WACC) is different. 4% for Wind and Solar. 8% for nuclear.
3/5
BREAKING: Major nuclear companies ready to restart six German nuclear power plants before 2030
In a statement exclusively available to @welt & @Wetzelstrom, nuclear giants Westinghouse, Framatome and Urenco back a rapid revival of German nuclear power plants.
1/10
"As the builder of the German nuclear power plants, Framatome is familiar with the plants and has the expertise to implement the necessary steps for a safe recommissioning of the plants," explained Carsten Haferkamp, Managing Director of Framatome GmbH.
2/10
After a merger in 2001 the French company Framatome took over Siemens' nuclear activities in Germany. Siemens built all of Germany's 17 nuclear power plants. This expereince were a big factor in the development of the EPR in the 1990's before the merger of the two companies
3/10