INcredible admission from a senior Vice President of EDF that nuclear is “dying”
This is from this weeks newsletter http://www.carboncommentary.com.
Week ending 19th February 2017
1, EDF and decentralised energy. Les Echos, the French business newspaper, carried an extraordinary article from a Senior Vice President of EdF, the largely state-owned utility that will build the nuclear reactor at Hinkley Point in England. Mark Boillot contends that ‘large nuclear or thermal power plants designed to function as baseload are challlenged by the more flexible decentralized model’. He says that the centralised model of power production is dying, to be replaced by local solar and wind, supplemented by batteries and intelligent management of supply and demand. Not only will this be cheaper in the long run but customers are actually prepared to pay more for solar electricity and actively work to reduce usage at times of shortage. His conclusion is that ‘the traditional model must adapt to the new realities, thus allowing the utilities to emerge from …hypercentralized structures in a world that is becoming more and more decentralized’. In most jurisdictions Mr Boillot would have been asked to clear his desk. What will EdF do about one of its most senior people openly forecasting the end of the large power station as it tries to raise the ten billion Euros necessary to pay for its share of Hinkley?