Nuclear Giant Areva Predicts Solar Thermal Boom  

Posted by Big Gav in , ,

Joe Romm has an article at Forbes on Areva's interest in solar thermal power - Nuclear Giant Areva Predicts Solar Thermal Boom.

Earlier this year, French energy giant Areva bought U.S.-based Ausra in order “to become a world leader in concentrated solar thermal” power (CSP). And so the race is on for market share in “The Technology that will Save Humanity.”

CSP is the most scalable and affordable baseload (or, even better, load-following) low-carbon supply technology — when used with low-cost, high-efficiency thermal storage. CSP can also share its steam turbine with biomass, a strategy the Chinese are pursuing, or with natural gas.

The Oil Drum wonders if Areva is “losing faith in the oft-predicted but unrealised ‘nuclear renaissance’.” Certainly, Areva’s best-known product has become very expensive and the cost of a new reactor today would be as much as 6 billion euros, or $8 billion, double the price offered to the Finns.

CSP, on the other hand, has just started down the experience curve and is poised to be one of the major winners in the low-carbon economy. Indeed, Bloomberg/BusinessWeek reports:
Areva SA of France predicts the global use of solar-thermal power will grow by about 30-fold this decade, a forecast that spurred the world’s largest maker of nuclear reactors to buy a California-based equipment maker.

The technology, which typically uses curved mirrors to focus sunlight to generate electricity, will be installed on plants with 20,000 megawatts of power potential by 2020, Anil Srivastava, Areva renewable energies executive vice president, said in an interview. That compares with about 625 megawatts today, according to Bloomberg New Energy Finance data.

“It is a very attractive market,” Srivastava said. Paris- based Areva aims to become a world leader in solar thermal, he said, after agreeing yesterday to buy Ausra Inc., a Mountain View, California-based maker of sun-driven steam generators used by power plants.

Many big international companies are trying to become leaders in CSP:
Siemens AG, Europe’s largest engineering company, agreed last year to a $418 million purchase of Beit Shemesh, Israel- based Solel Solar Ltd. Abengoa SA, also an engineering company, is building 13 solar-thermal plants in Spain that will benefit from consumer subsidies for clean energy….

Bloomberg New Energy Finance has forecast the installed base to grow to as much as 34,000 megawatts worldwide by 2020, exceeding the estimate of the French atomic-reactor maker.

Whether 20 GW in 2020 or 34 GW, CSP is a very fast-growing market (see “World’s largest solar plant with thermal storage to be built in Arizona — total of 8500 MW of this core climate solution planned for 2014 in U.S. alone“). And ultimately that’s why Areva says it is jumping in:
The market for concentrated solar power plants is expected to grow substantially in the next decade with an average annual growth rate of 20% and should reach an estimated installed capacity of over 20 GW by 2020. With this acquisition, AREVA is poised to capture the leading position of this attractive and growing market.

0 comments

Post a Comment

Ads

Ads

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

News

Loading...

Blog Archive

Labels

australia (582) global warming (365) solar power (338) peak oil (321) electric vehicles (193) renewable energy (182) wind power (172) ocean energy (156) csp (144) geothermal energy (142) smart grids (139) solar thermal power (133) tidal power (133) coal seam gas (127) nuclear power (122) oil (116) lng (112) geothermal power (111) solar pv (110) china (109) iraq (108) energy storage (105) green buildings (104) natural gas (102) agriculture (85) biofuel (76) oil price (76) smart meters (72) wave power (68) electricity grid (63) energy efficiency (63) uk (63) google (55) coal (53) internet (51) food prices (48) shale gas (48) surveillance (48) bicycle (47) big brother (47) thin film solar (41) canada (39) biomimicry (38) ocean power (37) scotland (36) new zealand (35) air transport (34) algae (34) water (34) queensland (32) credit crunch (31) politics (31) shale oil (31) bioplastic (30) concentrating solar power (30) california (29) geoengineering (28) offshore wind power (28) population (28) cogeneration (27) saudi arabia (27) resource wars (26) arctic ice (25) batteries (25) censorship (25) cleantech (25) woodside (25) bruce sterling (24) drought (24) tesla (24) ctl (23) economics (22) carbon tax (20) coal to liquids (20) distributed manufacturing (20) indonesia (20) iraq oil law (20) limits to growth (20) origin energy (20) brightsource (19) buckminster fuller (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) exxon (17) lithium (17) cellulosic ethanol (16) collapse (16) electric bikes (16) mapping (16) michael klare (16) ucg (16) atlantis (15) bees (15) geodynamics (15) iceland (15) psychology (15) concentrating solar thermal power (14) ethanol (14) fertiliser (14) al gore (13) ambient energy (13) biodiesel (13) brazil (13) carbon emissions (13) cities (13) investment (13) kenya (13) biochar (12) bucky fuller (12) matthew simmons (12) otec (12) public transport (12) texas (12) victoria (12) chile (11) cradle to cradle (11) desertec (11) energy policy (11) internet of things (11) lithium ion batteries (11) terra preta (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) hybrid car (10) severn estuary (10) tinfoil (10) toyota (10) volt (10) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) afghanistan (8) antarctica (8) arrow energy (8) big oil (8) eroei (8) floating offshore wind power (8) four day week (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) us elections (8) western australia (8) bloom energy (7) boeing (7) chp (7) climategate (7) copenhagen (7) fish (7) stirling engine (7) vinod khosla (7) airborne wind turbines (6) apocaphilia (6) bolivia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) saul griffith (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) global energy grid (2) norman borlaug (2) peak oil portfolio (1)