This brief report, based on work done by the Terra Praxis team since 2018, summarizes analysis of the risks to the clean energy transition in the United States, United Kingdom, Germany, and Japan, and outlines the immediate risks that must be anticipated and mitigated to ensure progress toward a Net Zero future. It also sets out how, by diversifying the portfolio of emissions-free technologies, aligning targets with feasibility analysis, and implementing risk informed strategies, we can mitigate the key risks and help drive a successful transition.
Widespread impacts from climate change are already here. Our actions in this critical decade will determine the full extent of future impacts on our children and grandchildren. In our 2022 Annual Review, you will see how, with our world-class sustainability partners, Terra Praxis is the only entity designing a scalable, rapid repowering system to decarbonize the entire global coal fleet by 2050. This is how we plan to eliminate one-third of global carbon emissions and provide a method for supplying affordable, reliable, and emissions-free energy to billions of people.
In September 2020, Terra Praxis and LucidCatalyst published the Missing Link to a Livable Climate report. This brief contains its main findings, key messages, and interesting facts on how we can still meet the Paris Goals with proven, ready technology and with no major investments.
The NICE Future initiative published a digest which showcases examples of leading nuclear produced hydrogen initiatives which can be used to power hard-to-electrify sectors such as transport and heavy industry. Eric Ingersoll and Kirsty Gogan were honoured to contribute both a Foreword and a chapter.
Climate change is an energy problem. We only have 28 years to replace fossil fuels and double our overall energy supply. Our programs could accelerate the reduction of global carbon emissions by repurposing trillions of dollars of existing infrastructure to supply clean, affordable, and reliable energy to billions of people. As you reflect on our 2021 Annual Review, we hope you will be as energized as we are by our success in mobilizing a broad coalition of public and private sector leaders and building momentum for innovative climate solutions.
IAEA Director General and leading experts discuss current issues in nuclear energy in this new book by the IAEA. Our Missing Link report (Missing Link to a Livable Climate: How Hydrogen-Enabled Synthetic Fuels Can Help Deliver Paris Goals) is referenced and discussed in Chapter 6 "The Challenge of Climate Change—Complete Energy Transformation: No Nuclear, No Net Zero," by Tim Stone, and also in Chapter 13 "The Humanitarian Atom: The Role of Nuclear Power in Addressing the United Nations Sustainable Development Goals," by Sama Bilbao y León and John Lindberg.
Superhot rock (SHR) has been called the “holy grail” of geothermal energy—because, in most of the world, SHR could provide competitive, zero-carbon, dispatchable power and support zero-carbon hydrogen fuel production. It is one of the very few high-energy-density, zero-carbon resources that could replace fossil energy around the globe. With significant private and public investment, SHR could plausibly be commercialized within 10-15 years. John Herter and Eric Ingersoll of Terra Praxis contributed to this important Clean Air Task Force (CATF) report.
Urenco published the findings from an independent study that it initiated with Aurora Energy Research to investigate the benefits of deploying both nuclear and renewables in hydrogen production, to support the energy transition and meet UK climate targets. To facilitate rapid decarbonisation and cut dependency on fossil fuels, both nuclear and renewables are needed for power and hydrogen production. The report was supported by the IAEA, EDF and LucidCatalyst.
LucidCatalyst published this Insights Report summary version of the Aurora Energy Research (AER) hydrogen study that concluded that combining nuclear energy and renewables in the UK energy system can eliminate dependence on fossil fuels, lower emissions, and lower the total cost of achieving UK Net Zero.
Authors Forsberg and Ingersoll write that the viability of nuclear power ultimately depends on economics. The most important factor is an efficient supply chain, including on-site construction practices. This is the basis for the low capital cost of light water reactors from China and South Korea. The design can significantly affect capital cost through its impact on supply chain. The question is, how can advanced reactors boost revenue and reduce cost?
This was a contribution to the International Atomic Energy Agency's Bulletin. The Clean Energy Ministerial Flexible Nuclear Campaign co-founded by Kirsty Gogan and Eric Ingersoll explores the expanded role that nuclear energy can play in de-risking the energy transition. Here, we describe two opportunities to drive deeper decarbonization with nuclear energy: 1) expand role of nuclear energy in electricity production through a combination of advanced reactors and thermal energy storage to complement renewables in future energy grids; 2) address the use of oil and gas by providing large-scale, low-cost hydrogen produced with nuclear power.
Our report shows that it’s not too late to still meet the Paris goals — but only if we are prepared to make major investments in clean hydrogen production. There is simply no other way to make the numbers add up — this truly is the missing link we need to maintain a livable climate on this planet.
Energy Systems Catapult has just released the full technical report from the Energy Technologies Institute Nuclear Cost Drivers (ETI NCD) project by LucidCatalyst. This report demonstrates a credible path for nuclear energy to become a competitive Net Zero solution alongside renewables.
The LucidCatalyst team was honored to be invited to write both the NGO Foreword (with Energy for Humanity and ClearPath Foundation) as well as a dedicated chapter in the report focused on flexible advanced reactors in future energy grids and innovative new hydrogen production facilities.