Geothermal power could play an important role in decarbonization.
There’s been a lot of recent interest in geothermal energy. It can complement other renewables as they become a bigger part of the power mix. A recent study by DOE suggests that geothermal capacity could reach 60 Gigawatts by 2050. The basic technology is pretty simple: drill down into a reservoir of super-hot water (up …CONTINUE READING
Nuclear has some serious problems, but it may be worth hedging our technology bets.
Nuclear power has been an important source of zero-carbon energy, though it has been plagued by other problems. Does it have a future in our effort to decarbonize the grid? According to the Union of Concerned Scientists (UCS), a third of U.S. nuclear plants, or about twenty percent of the nation’s total nuclear capacity, are …CONTINUE READING
David Spence is Professor of Law, Politics & Regulation at the University of Texas at Austin
Recently the New York Times published an article chronicling the financial problems experienced by one of the world’s premier developers of concentrated solar power (CSP) facilities. The financial headwinds facing CSP are a sign of a more fundamental problem electricity markets face: namely, capturing all of the important values we attach to electricity production. Most …CONTINUE READING