Tag Archives: General Electric

Nukes economically hard to justify —GE CEO Immelt

The CEO of General Electric, the company that designed the reactors at Fukushima and Hatch 1 and 2, said nukes are economically hard to justify. And that was back in July, before the first new nukes permitted in 30 years, at Plant Vogtle on the Savannah River, slipped 15 months. What’s winning? Shale gas, temporarily, but that’s just a bump in the road on the way to wind and solar power.

Pilita Clark wrote for Financial Times 30 July 2012, Nuclear ‘hard to justify’, says GE chief,

Nuclear power is so expensive compared with other forms of energy that it has become “really hard” to justify, according to the chief executive of General Electric, one of the world’s largest suppliers of atomic equipment.

“It’s really a gas and wind world today,” said Jeff Immelt, referring to two sources of electricity he said most countries are shifting towards as natural gas becomes “permanently cheap”.

“When I talk to the guys who run the oil companies they say look, they’re finding more gas all the time. It’s just hard to justify nuclear, really hard. Gas is so cheap and at some point, really, economics rule,” Mr Immelt told the Financial Times in an interview in London at the weekend. “So I think some combination of gas, and either wind or solar … that’s where we see most countries around the world going.”

GE CEO Immelt may also want to talk to GE’s own research director Continue reading

Google says delaying solar will cost U.S. millions of jobs

If it’s true for the country, it’s true for south Georgia. So moving ahead with solar will gain jobs.

David Worthington wrote for smartplanet 28 June 2011, Google: delay on renewables will cost U.S. trillions, over million jobs:

Google has published an analysis of the economic benefits of renewable energy innovation. It has concluded that even a five year lapse without a national clean energy policy would cost the United States an aggregate US$2.3-3.2 trillion in unrealized GDP gains and 1.2-1.4 million net jobs.
The study was about renewable energy in general, but: Continue reading