Quote:
Originally Posted by Table 5
I'm with you though, I think if we're serious about climate targets and still want to maintain our energy lifestyle, a much heavier reliance on nuclear is needed. It actually already makes up something like 20% of the USA's energy needs. In France it's a whopping 70%. France is an interesting case-study in that it's energy prices are half the cost of those of it's neighbour Germany (who went big on solar/wind instead).
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I'll float you a different idea.
Find a wind developer to partner with and offer them ~$40/MWH for a 200MW windfarm for 20 years. Developer is free to sell offtake credits at their discretion. Any excess electricity produced is returned to the government via Contract for difference scheme like the first REP contracts.
Partner with a company like Linde or Plug Power or whatever company has best of breed electrolysis tech to make green hydrogen. Locate the facility close to some oil and gas processing facility that requires steam and is currently burning Nat Gas to create it. Catch is that processing facility needs to be located somewhere proximal to a sufficient wind resource, Joffre comes to mind.
Grant the process facility the funds to convert to cogen (if not already doing so) and to convert to burn hydrogen, and generate electricity with the waste heat. This would be a market generator so would have to bid into the merit order, otherwise the big generators would scream bloody murder. Investigate installing a second electrolyzer to locate at the facility to utilize undispatched electricity and feed back into the system.
This solves several problems. "Greens" the O&G processing, generates green power and develops the hydrogen know-how.