No room for nuclear: AGL says flexibility is key as it switches from coal to renewables in a decade

Australia’s biggest supplier of coal generation and baseload power, AGL Energy, has again underlined there is no room for nuclear in Australia’s transition to renewables – neither on a grid dominated by wind and solar not at its coal sites that it intends to transform into clean industrial hubs.

“I’d like to clarify – as I did in March – that nuclear energy is not part of our strategy and our position on this remains unchanged, AGL CEO Damien Nicks said in a presentation to a CEDA event in Sydney.

Nicks’ position is important because two of AGL’s coal generation sites have been identified by the federal Opposition for its nuclear power plans, which it says could see seven reactors, or more, start construction sometime in the 2030s or 2040s – should they be elected, be able to remove the bans, find the technology and finance, and the sites to host it.

AGL – and the other mooted site owners – have no intention of giving up their assets for nuclear power plants, despite the threats of compulsory acquisition, because they have their own plans.

https://reneweconomy.com.au/no-room-for-nuclear-agl-says-flexibility-is-key-as-it-switches-from-coal-to-renewables-in-a-decade/