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The Future of Energy: Commonwealth Fusion Systems’ Bold Leap Toward Nuclear Fusion

fusion reactor under construction 2053960121 scaled

the staff of the Ridgewood blog

Chesterfield County  Virginia, while nuclear power plants have become a global norm, they all rely on nuclear fission. But one pioneering energy startup, Commonwealth Fusion Systems (CFS), aims to change the game. A spinoff of the Massachusetts Institute of Technology, CFS has announced plans to build the world’s first-ever nuclear fusion power plant, potentially achieving a milestone that scientists have pursued for decades.

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PSEG WARNS SHUTTING DOWN NUCLEAR UNITS COULD DRIVE UP POWER PRICES

PSEG

file photo by Boyd Loving

TOM JOHNSON | MAY 1, 2017

Company head continues to sound drumbeat for nuclear subsidies, even though plants will remain profitable through 2019

Oyster Creek nuclear plant

The closing of nuclear power plants serving New Jersey could lead to higher electricity prices for consumers, according to Ralph Izzo, chairman, CEO, and president of Public Service Enterprise Group, the owner of the units.

Izzo, speaking Friday on a quarterly earnings call for the Newark energy company, continued the drumbeat of lobbying for incentives to subsidize the operation of the three units run by the company’s subsidiary, PSEG Power, in South Jersey.

“You cannot remove 40 percent of the supply without having an increase in prices in New Jersey,’’ Izzo said, in response to a question from a Wall Street analyst. “And that’s something New Jersey consumers should not like.’’

https://www.njspotlight.com/stories/17/04/30/pseg-warns-shutting-down-nuclear-units-could-drive-up-power-prices/