The New Photonomy offering an exponentially fruitful abundance worldwide Prospering with photo-VOLTAICS + photo-SYNTHETICS presentation by Michael P Totten to Regenerative Economics Study Group (RESG) March 28, 2023 Farm Distributed Agrivoltaic Microgrids - a top economical Climate solution Solar Photovoltaic power systems (Agrivoltaics) elevated over growing crops, pastures & orchards, and grazing sheep, cattle, and foraging chickens § Enormous new Cash-cow/Cash Crop for farming communities § Robust economic security for cashstrapped farmers § Community-based economic multiplier & jobs generator § Energy & National Security resilience to disruptions & disasters § Climate mitigation and adaptation solution in one § Pollution-free generated energy services § Financeable from savings, tax incentives, sales earnings Tanya Doka-Spandhla grew up gardening as a child in Zimbabwe. But after her husband suffered a stroke in 2009, it became a productive distraction that she found had big health benefits for her family. Doka-Spandhla still works in IT for a defense contractor, but in 2015 she launched a business growing Zimbabwean corn, horned melons, spiderflower leaves, and other produce from her native home. The one-woman operation has built a devoted clientele of African immigrants and expats mainly via word of mouth: “Some of them, they start calling in January asking if the corn is ready, and I haven’t even started tilling the land.” Back to Top 804 Cattle Company | Roxann Brooks Motroni Upper Marlboro, Maryland Est. 2016 SOLAR Motroni (second from left) with her mom, Chantal Brooks; her daughter, Neliya Motroni; and pre-vet interns Nadia Khan and Lilly Conteh. catalyzing MICROGRIDS te ma n C li g at io n ti io M i p t at a Ad Community-scale Climate Solutions Roxann Brooks Motroni is a large-animal vet who works for the USDA. So when her parents, both physicians, retired and bought a large plot of land next door to her home, she suggested they run cattle together. “I think everybody was just kind of like, ‘Sure, why not? We need to do something with this land, right?’ ” says Motroni, 37. Today it’s a multigenerational operation also involving Motroni’s husband, daughter, two older brothers and their families, plus volunteer farm vets in training. “You know how much goes into getting a pound of ground beef on your plate,” she ECOSYSTEM SERVICES Security Resilience DISTRIBUTED ENERGY SERVICES Co mm sc a unit le y says. “You don’t take it for granted when you’ve been out there in freezing temperatures, getting hay and breaking up ice so that cows can drink.” A special thanks to the American Farmland Trust who helped connect the photographer with these women farmers and their stories. FRESH FOOD, FEED, FIBER Farm icons by Michelle Shin. This article appears in the September 2022 issue of Washingtonian. More: FeaturesFarmersFemale FarmersLocal Food 7/8 Multi-Attribute Innovative Solution that is Value-accruing & Benefit-Stacking Expanding, upgrading & maintaining the global energy system is projected to require $80 trillion in investment over the next four decades. Distributed farm-based agrivoltaic microgrids can economically produce well more than half of these energy needs – offering farmers & communities greater economic security, and enhanced national energy security & global ecological security. Illustrative Comparison of Multiple Benefits – Distributed Agrivoltaics vs. Nuclear reactors ? 16 Different elevated solar PV design approaches AGRIVOLTAIC SOLAR Complementing NOT Competing with Agriculture DIFFERENT DESIGN APPROACHES Fixed-Tilt Trackers Standard Fixed Tilt Single-Axis Tracker Elevated Fixed Tilt Dual-Axis Tracker Elevated Spaced Fixed Tilt Elevated Single-Axis Tracker Novel Adjustable Panels Dual-Pitch Vertical Solar Fencing Greg Barron-Gafford (2021) ‘Agrivoltaics’ As a Food, Energy, and Water Solution for Resilience Under a Changing Climate , Colorado Energy Research Collaboratory, Sept. 22, 2021, https://cercsymposium.org/the-potential-ofagrivoltaics-research-to-real-life/ Warren Wilson College’s Agrivoltaic Research & Demonstration Station (ARDS) Showcasing & Sharing the Value-generating, Benefit-Stacking Innovation Develop WWC’s ARDS as a packageable, scalable replication model Warren Wilson College (WWC), western North Carolina, 1,200 acres sustainable farm & forestry experiential work & community service college § Establish WWC’s southern Appalachian southeast region Agrivoltaics Research & Demonstration Station. § Sustainable research on what crops, pastures, orchards & livestock grow best under the solar panels. § Will demonstrate & share Onsite results with region’s 16,000 farmers cultivating 1 million acres. § Will leverage results Online to speed & scale Agrivoltaics among 500 million farms worldwide cultivating 5 billion acres. Warren Wilson College One of the nation’s premier experiential learning colleges 1,200-acres sustainable farm & forest campus in Swannanoa, western North Carolina Distinguished by life-long learning model of intentionally integrating applied experiential work learning and academic inquiry with engaged community service. Core to WWC’s strategic mission is to serve as a living laboratory for regenerative farming and ecological land management and practices. All-In-One-Play Solution addressing multiple Crises: Security, Farm Poverty, Climate, Food, Water & Energy Onsite and Online processes WWC Agrivoltaics Research & Demonstration Station Distributed microgrid with 2 MW solar PV system plus 2 MWh battery storage All electrification of combustion devices – tractors, farm machinery, vehicles, buildings Onsite – In the Field Meg Caley (left), founder & farmer-in-chief of Sprout City Farms, and intern Claire Wineman, collect soil samples at Jack’s Solar Garden in Longmont, CO -one of 30 agrivoltaics research sites being studied by the Joint Institute for Strategic Energy Analysis. Online – Over the Internet MI, AI & HI collaboration total solution for farmers. Digital twin sensor technologies accumulate farmers' real-time production knowledge and provide intelligent, adaptive and dynamic facility management and farming decision making recommendations. Digital Twin Platform with Virtual 3D & 4D (over time) Visualizations Value-added mapping and app integration: § § § § § § § § § § § Designing layouts Economic & Financial assessments Data collection & Monitoring outcomes Digital asset management Agrivoltaic system performance Food production results Knowledge resources Education & Training Communication network Open-access Sharing & Exchange Client services SmartWorldOS™ Digital Twin the world’s most advanced Digital Twin platforms. SpeedOne andofScale Replication Model by promoting Digital Twin Experiential Learning, Interactivity, and Community Service Applications An Exploratory Curriculum Platform – Multi-, Cross-, Trans-Disciplinary ARDS Speed & Scale Package applied throughout Southern Appalachian/ Southeast U.S. REGION § The southern Appalachian/southeast region is currently home to 407,000 farm operations covering 76 million cultivated acres. § Agrivoltaics installed on 2% of southeast U.S. cultivated lands (1.5 million acres) would generate 669 Trillion Watt-hours (TWH)/year. § Equivalent to 2/3rd electricity consumption. § Multi-hundred billion dollar investment opportunities. 9 southern Appalachian and southeast U.S. states modernfarmer.com /2018/05/10-numbers-that-show-how-much-farmland-were-losing-to-development/ 10 Numbers That Show How Much Farmland We’re Losing to Development ⋮ 5/22/2018 ARDS Speed & Scale Package expansion potential across NATION "Farms Under Threat," a new report from the American Farmland Trust, shows the dire state of our nation's farmlands. § The US is currently home to 2 million farm operations covering 900 million cultivated acres, and employ 2.6 million farmers § The national median farm income generated in 2017 was negative $1,035 per principal farm operator household. § Agrivoltaics installed on 1% of existing cultivated lands (9 million acres) would generate 3,600 Trillion Watt-hours/year. § Nearly equivalent to total electricity consumption; or 1/3rd of total U.S. energy consumption in an all-electric economy 31 million acres of farmland lost to This image, courtesy of American Farmland Trust, shows the conversion of agricultural land to urban and low-density development, in total, between 1992 and 2012 § Multi-trillion dollar investment residential development between 1992 and 2012. opportunities Photography AFT, Farms Under Threat The organization’s findings, which they are calling “the most comprehensive ever undertaken of America’s agricultural lands,” aren’t hugely shocking, at least at the surface: American farmland is being vacuumed up by development. What’s new, though, is the discovery that the development isn’t coming only from urban areas expanding outwards – rural areas are also losing farmland rapidly. “The fact is that we have this sort of insidious development that no one’s been paying attention to, and we really need to start paying attention,” says Julia Freedgood, the assistant VP of programs at the AFT. Why is this happening? There’s no simple answer. One major reason, which has spiraling effects, is that farming is an ARDS Speed & Scale Package expansion potential WORLDWIDE Number, size and distribution of farms, smallholder farms, and family farms worldwide. § The world is currently home to 500 million farm operations covering 5 billion cultivated acres. § Agrivoltaics installed on 1% of existing cultivated lands (50 million acres) would generate 22,000 TWhs per year. § Equivalent to total electricity consumption worldwide, and 2/3rd of total world energy consumption in allelectric economy. § Tens of trillion dollars investment opportunities. Farming the with Solar Photovoltaics WWC’s Agrivoltaic Research & Sun Demonstration Station AGRIVOLTAIC generation + storage distributed microgrids Showcasing & Sharing the Value-generating, Benefit-Stacking Innovation (1 to 10 MW) The term agrivoltaics is used instead of photovoltaics to highlight its dual-use (and dualincome) farm capability, given the panels are standing up to a dozen feet off the ground. Economic Security 1. Increasing economic security for farmers with greater value per acre. 2. Rural community economies enhanced from local economic multiplier effect of circulating energy dollars longer within the local economy. 3. Several-fold greater employment generation than in fossil or nuclear industries. 4. Zero fuel requirement eliminates vulnerability to fuel volatility (prices and supplies). This enables ongoing Tiny land footprint, tiny emissions footprint cultivation of crops, pasture Farmers are land-blessed but cash-strapped harvesting, and livestock Agrivoltaics combine 80+% photosynthetic grazing.+ 80+% photovoltaic 1 million acres cultivated in WNC, average farm 80 to 100 acres From the global and inter-generational perspective, recent research finds that installing AV microgrids on less than 2 percent of existing agricultural lands could generate 100 percent of the total energy demands worldwide. (1) Ancillary benefits would include upwards of an 80 percent reduction in global CO2 emissions, with similar deep reductions in a dozen injurious air pollutants. (2) 1 Elnaz H. Adeh, Stephen P. Good , M. Calaf & Chad W. Higgins (2020) Solar PV power potential is Greatest over croplands, Nature Scientific Advances, 9:11442, https://www.nature.com/articles/s41598-019-47803-3?sf222971143=1 2 Shindell, Drew T. (2015) The social cost of atmospheric release, eClimatic Change, Feb. 25, 2015, 130:313–326, https://www.researchgate.net/publication/276079602_The_Social_Cost_of_Atmospheric_Release . DOI 10.1007/s10584-015-1343-0. WWC’s Agrivoltaic Research & Demonstration Station Services – Protecting Showcasing & Sharing Value-generating, Innovation Harvesting & Storing Photonsthe – IN-THE-FIELD R&DBenefit-Stacking Station Pollination NREL’s Innovative Site Preparation and eraging WWC’s land assets, & applied human, social & intelligence capital Think deeply & Educational arren WilsonEconomic College (WWC) is an veterate leader in education innovation. Security 1. Robust learning/experience curves far is is embedded in to WWC’s with its superior fossil ormission, nuclear technologies, resulting in continually costs from table and distinctive approachdeclining to expanding production. ucation that “intentionally integrates ademics, and community 2. work, Incorporates valuable educational/learning for colleges – experiential learning gagement model to cultivate curiosity, empathy, and work experience for students, fieldd integrity.” based learning, engaged in community service – graduating students with skills and We empower graduates to pursue talents highly relevant to community and eaningful careers andopportunities. lead purposeful local market es dedicated to as a just, equitable,and and 3. Serve both adaptation mitigation stainable world.” purposes in facing sudden major disruptions. WWC Student Farm Crew “Legacy. Honor. D The world unquestionably needs curiously ins the unprecedented “super wicked” problem WWC’s Agrivoltaic Research & Demonstration Station Showcasing & Sharing the Value-generating, Benefit-Stacking Innovation Ecological Security 1. 100% elimination of CO2-e emissions in generating electricity. 2. 100% elimination of a dozen air pollutants (technically called SCARs) that annually cause 5+ million premature deaths worldwide. SCARS Social Cost of Atmospheric Releases* Carbon dioxide (CO2) Methane (CH4) Nitrous oxide (N2O) HFC-134a Black carbon (BC) PM2.5 Sulfur dioxide (SO2) PM2.5 Organic carbon (OC) PM2.5 Carbon monoxide (CO) PM2.5 Nitrogen oxides (NOx) PM2.5 Ammonia (NH3) PM2.5 Mercury (Hg) CO2 emissions equivalent to 1991 Mt. Pinatubo volcanic eruption released every 10 hours. CARBON BOMB >$10 trillion per year economic costs Lungs of L.A. teen NONsmoker in 1970s; Most big cities of developing nations Today. *Drew T. Shindell (2015) The social cost of atmospheric release, eClimatic Change, Feb. 25, 2015, 130:313–326 DOI 10.1007/s10584-0151343-0 WWC’s Agrivoltaic Research & Demonstration Station Showcasing & Sharing the Value-generating, Benefit-Stacking Innovation Minimal new land clearing, tiny w Ecological Security 1. Eliminates need for clearing new land to site power plants. Impo wilde ecos crop area 2. Reduction in biomass plantations and land area to produce biofuels for combustion uses. 3. 90% reduction in water (otherwise required by fossil-, nuclear- and biomass-fueled thermal power plants and refineries for cooling). Wate prod 4. Smaller overall mining footprint than annually mining fossil fuels. 5. Greatly increasing ecological health and integrity, and reduction of threats to intact ecosystems from mega-scale energy projects. No d RAINFOREST DESTRUCTION RAINFOREST DESTRUCTION Palm oil plantations in Borneo for Biofuels Palm oil plantations in Borneo for Biofuels Warren Wilson College’s Agrivoltaic Research & Demonstration Station Showcasing & Sharing the Value-generating, Benefit-Stacking Innovation Energy & National Security 1. Greater resilience, safety, security from surprise disruptions. 2. Fail gracefully not catastrophically. 3. Anti-fragile, more likely to remain operating and/or rebounding rapidly after a disruption. Agrivioltaics – More Resilient, Anti-Fragile, Robust Against Disasters Agrivoltaics Local, distributed farm-based power systems would be significantly more secure, resilient, safe, and operational against the virulent new 21st Century threats now confronting the nation’s massive power plants, refineries, grid and pipeline infrastructure, that have been identified by the U.S. Dept. of Defense: • • • • terrorist physical attacks cyberattacks cybercrimes (extortion) technical and human error AND NOW, NEW WEATHER NORMS • climate-triggered disasters (ice storms, hurricanes, floods, wildfires, droughts). Designing Physical Assets for Resiliency & Security Agile Fractal Grid (AFG) has created a platform to help rural and campus communities achieve energy security and meet renewable energy goals while also providing gigabit broadband access. Together with an accompanying economic development ecosystem, AFG can help deploy clusters of microgrids into a system of systems to behave like a utility, with the ability to participate in grid resiliency services and energy markets at scale. Unlike competing models, AFG’s solution includes: A real-time mechanism for distributing the control of electric power to the edges of the grid driven by local and regional decision support systems Multi-tiered energy optimization and smart distribution management to allow profitable participation in grid reliability services and the energy imbalance markets Reliable, resilient, and islandable services enabled by the deployment of an accompanying gigabit broadband wired and wireless infrastructure End-to-end military-grade cybersecurity with 24/7 managed detection and response to thwart threat actors Business models and ecosystem of technologies, service providers, and revenue sources to launch and sustain operations https://theagilefractalgrid.com/ Co-op Tech: The Agile, Fractal Grid The grid of the future is being built now, one step at a time 900 Electric cooperatives own 42 percent of America's distribution lines covering 75% of the country. Each islandable microgrid operates autonomously as needed, but operates as a team when connected. Contribution of Value-of-Solar components to Levelized-Cost-of-Electricity (LCOE) Table 2. Comparison of VOS rates and net metering rates for some U.S. States State VOS Net Metering Minnesota 13.5¢/kWh Austin (Texas) 10.7¢/kWh Approximately 4 – 5¢/kWh (1.2 – 1.6$/kWh) [113] Maine 33.7¢/kWh 12.16 – 14.66¢/kWh [114] New Jersey 25.6 – 28¢/kWh Pennsylvania 28.2 – 31.8¢/kWh Minimum value of (4¢/kWh) [115] Washington 19.4¢/kWh D.C. K.S. Hayibo & J. M.Pearce (2021) A review of value of 5. Future Worksolar methodology with a case study of the U.S. VOS. Renewable & Sustainable Energy Reviews 137, 110599. This study has covered a vast number of existing VOS components, but some components were not https://doi.org/10.1016/j.rser.2020.110599 included in this study due to the lack of a reliable evaluation methodology. These components include the economic development cost, the avoided fuel hedge cost, and the avoided voltage regulation cost. 2 key These represent opportunities forfactors: future work once the evaluation methodologies have been developed. Discount rate that would provide insights with multiple utility data sets. Also, there are some parameters sensitivities These parameters include the analysis period, the hourly solar heat rate and solar PV fleet, and the 10Externality valuations years load profile. Future studies can focus on incorporating the sensitivities of these parameters into the model or can use the foundation of this model to build on new VOS studies according to a specific location and available data from utilities. Another limitation to this study is that it does not include the effect of the load match factor, and loss saving factor. As the results show the environmental and health costs can dwarf the technical costs and thereby determine the VOS. There are also second order effects that can be used to obtain a more accurate VOS values. For example, the negative impact of pollution from conventional fossil fuel electricity generation on crop yields [106] as well as PV production could also be considered in future work to give a more accurate V8. In addition, as greater percentages of PV are applied to the grid the avoided costs will change and there is a need for a dynamic VOS akin to dynamic carbon life-cycle analyses needed for real energy economics [116]. This complexity will be further enhanced by the introduction of PV and storage systems [117] as it will depend on size [118] and power flow management and scheduling [119,120]. Low Value Scenario 9.3 cents/kWh High Value Scenario 50.4 cents/kWh Figure 11. Contribution of each VOS component to the overall VOS LCOE – Low Cost Scenario. 13. Contribution of eachofVOS component toGHG the overall VOS LCOE – High Cost Sce Perhaps the most urgent need for Figure future work is accurate estimations the value of avoided costs because the magnitude the potential liability [107,108] could overwhelm other The contribution of the avoided environmental (V8) cost liability increases with the VOS value as of it becomes of the This is because asofthe of climate change have become more VOS throughout Figure 11, Figure evolution therealities cost percentage contribution of each the largest contributor to the overall value followed by thesubcomponents health liability (V 9VOS. ) costThe as shown in Figure established, a method gainingFigure traction13toshows accountthe for level the negative externalities is climate litigation of uncertainty of the VOS in respect to the corresponding component. 12 representing a middle VOS value. The avoided generation capacity cost’s reduced asthis well as 4) is [107,108,121-131]. For (V utility VOS analysis is particularly complex as it is difficult to know where the contribution of the avoided fuel cost (V3). to draw the box around environmental costs. As some studies have concluded there is liability for past The lowest andnations highest LCOE VOS values obtained from the assumptions made in this stu emissions as well as for harm done in other [122]. Liability for disastrous events is also challenging to predict [126]. Combining both9.37¢/kWh other nations and and disaster creates liability potential that respectively 50.65¢/kWh. The existing VOS studies results fall into this interv could become enormous with sample prioritization given to victims thatby are losing culture, and calculation made [45] their for land, Minnesota is lives 13.5¢/kWh while [46] calculated a V due to climate change [127]. Tort-based lawsuits are already possible from a legal point of view [126], 10.7¢/kWh for Austin Energy. These values are in the lower spectrum of the result of thi but there are other legal methods that could be used to reduce climate change such as public nuisance because the considerations Theyemissions incorporate laws [128]. Some authors have argued of a ‘polluters pay principle’made. for carbon [129]. less OtherVOS components than the present stu 2021 - Existing 2046 - Achievable 188% annual growth rate over 9 years 14,000 MW installed capacity $13 billion market Sustain 32% annual growth rate next 25 years 1000x increase to 14 Million MW $13 Trillion market Agrivoltaics Sustained Growth 16,000,000 2021 14,000,000 8,000,000 6,000,000 4,000,000 2012 Asp irat ion 10,000,000 &P ers pir atio n 12,000,000 2,000,000 0 2021 2046 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Timeline to Transition All-Purpose EndUse Power of 139 Countries to 100 % Wind-WaterSolar and 5 Reasons Demand Decreases 58% along the Way. Stanford Professor Mark Z. Jacobson, 100% Clean, Renewable Energy and Storage for Everything, Textbook in Preparation, January 13, 2019, https://web.stanford.edu/group/ef mh/jacobson/WWSBook/WWSBoo k.html 139-Country All-Sector End-Use Power Denabd abd Supply (GW) ideally sooner. An 80 percent transition is proposed to occur by no later than 2030. End-use power demand reductions occur for five reasons: (1) the efficiency of moving low-temperature building heat with heat pumps instead of creating heat with combustion; (2) the efficiency of electricity over combustion for high-temperature industrial heat; (3) the efficiency of electricity in battery-electric (BE) vehicles and electrolytic hydrogen in hydrogen fuel cell (HFC) vehicles over combustion for transportation; (4) eliminating the energy to mine, transport, and process fossil fuels, biofuels, bioenergy, and uranium, which occurs when WWS is used instead of conventional fuels; and (5) improving end-use energy efficiency and reducing energy use beyond in the BAU case. The total demand reduction due to these factors is 57.9 percent (Table 7.1). 20,000 BAU (20.6 TW) Projected BAU end-use power demand and supply Using heat pumps for building heat -15.5% (-3.2 TW) Using electricity for industrial heat -3.6% (-0.73 TW) 15,000 Using BE and HFC vehicles -19.9% (-4.1 TW) Eliminating mining, transporting, processing fuels -12.3% (-2.5 TW) 10,000 Efficiency past BAU -6.7% (-1.4 TW) Fossil fuels + nuclear + biofuels/bioenergy 100% WWS (8.7 TW) Onshore wind (23.0%) Tidal+ 5,000 wave (0.83%) Offshore wind (15.6%) Utility PV+CSP (23.3%) Geothermal (0.91%) Rooftop PV (31.0%) Hydroelectric (5.5%) 0 2020 2025 2030 80% Transition at Latest 2035 Year 2040 2045 2050 100% Transition at Latest Updated from http://web.stanford.edu/group/efmh/jacobson/Articles/I/CombiningRenew/WorldGridIntegration.pdf http://web.stanford.edu/group/efmh/jacobson/Articles/I/CountriesWWS.pdf 25 Centralized Power Options a Challenger? CYBER WARFARE ever-present threat causing permanent Homeland INSecurity GIANT PLANTS, PIPES & GRIDS FROM LAST INDUSTRIAL REVOLUTION ALL VULNERABLE Michael P. Totten (2021) Dispelling the Climate of Fear: Military-Strength Civilian Energy Systems for Real Homeland Security in this Century of Uncertainties, https://www.academia.edu/39886910/Dispelling_the_Cli mate_of_Fear_Military_Strength_Civilian_Energy_System s_for_Real_Homeland_Security_in_this_Century_of_Unc ertainties Centralized Power Options a Challenger? NOR MASSIVE-SCALE CENTRALIZED SOLAR POWER SYSTEMS 2.2 GW Solar PV park, Qinghai Province, 7000 acres, 5.4 ¢/kWh 37 GW of potential build-out – transmission 1000 miles Monoculture Biomass Plantations - a Challenger? Area to Power 100% of U.S. Onroad Vehicles Wind-BEV Footprint 1-2.8 km2 Turbine spacing 0.35-0.7% of US Cellulosic E85 4.7-35.4% of US Nuclear-BEV 0.05-0.062% Footprint 33% of total; the rest is buffer Corn E85 9.8-17.6% of US Geoth BEV 0.006-0.008% Solar PV-BEV 0.077-0.18% Fossil Fuels with Carbon Capture & Storage (CCS) - a Challenger? The federal IRA (Inflation Reduction Act) increased CCS credit values across the board to between $60 and $180 per ton CO2, depending on the technology and application. As shown in Figure 1, the estimates reviewed for the CO2 capture cost are as follows: $/ton with federal credits • • • • • • • Ammonia production: $22–$32 per ton Cement production: $19–$205 per ton Coal-fired power plants: $20–$132 per ton Ethanol production: $26–$36 per ton Natural gas power plants: $49–$150 per ton Hydrogen production: $65–$136 per ton Steel mills: $8–$133 per ton J. M. Moch et al.(2022) Carbon Capture, Utilization, and Storage: Technologies and Costs in the U.S. Context, Belfer Center, Harvard Univ, https://www.belfercenter.org/publication/carbon-capture-utilization-and-storage-technologies-and-costs-us-context Under current law, the 2026 value of the 45Q tax credit does not provide sufficient incentive to make CCUS economic for any of the reviewed cost estimates, except for one estimate of capture costs in steel production using low-efficiency capture technology. With the Build Back Better Act, the increase in the 45Q tax credit would be enough to make CCUS economic given cost estimates for ammonia production, ethanol production, natural gas processing, and for most reviewed estimates for coal power plants. The even larger increase in the 45Q tax credit proposed in the CCUS Tax Credit Amendments Act of 2021 would also provide sufficient revenue for CCUS in cement Union of Concerned Scientists Figure ES-1. Nuclear Subsidies Compared to EIA Power Prices Nuclear Subsidies Compared to EIA Power Prices 12 11 Projected 2010–2024 10 Actual 2009 Historical 1960–2009 9 ¢/kwh cents/kWh 2 8 1 1 140% Legacy subsidies are compared to the EIA 1960–2009 industrial power price (5.4 ¢/kWh). Ongoing subsidies are compared to EIA 2009 actual power prices for comparable busbar plant generation costs (5.9 ¢/kWh). Subsidies to new reactors are compared to EIA 2009 reference-case power prices for comparable busbar plant generation costs (5.7 ¢/kWh). 7 6 5 4 3 Nuclear Option a Challenger? 3 2 0 Low High All Ownership Types Legacy Low High Low IOU High POU Ongoing Subsidies to Existing Reactors Low High IOU Low High POU Subsidies to New Reactors Doug Koplow (2011) Nuclear Subsidies still not viable without subsidies, Feb. 23, 2011, UCS, https://www.ucsusa.org/resources/n uclear-power-still-not-viable-withoutsubsidies. Note: Legacy subsidies are compared to the Energy Information Administration (EIA) average 1960–2009 industrial power price (5.4 ¢/kWh). Ongoing subsidies are compared to EIA 2009 actual power prices for comparable busbar plant generation costs (5.9 ¢/kWh). Subsidies to new reactors are compared to EIA 2009 reference-case power prices for comparable busbar plant generation costs (5.7 ¢/kWh). treatment is nevertheless a subsidy, with a profound effect on the bottom line for the industry and taxpayers alike. Reactor owners, therefore, have never been economically responsible for the full costs and risks of their operations. Instead, the public faces the prospect of severe losses in the event of any number of potential adverse scenarios, while private investors reap the rewards if nuclear plants are economically successful. For all practical purposes, nuclear power’s economic gains are privatized, while its risks are socialized. Recent experiences in the housing and financial markets amply demonstrate the folly of arrangements that separate investor risk from reward. Indeed, massive new subsidies to nuclear power could encourage utilities to make similarly speculative, expensive investments in nuclear 2 plants—investments that would never be tolerated if the actual risks were properly accounted for and allocated. While the purpose of this report is to quantify the extent of past and existing subsidies, we are not blind to the context: the industry is calling for even more support from Congress. Though the value of these new subsidies is not quantified in this report, it is clear that they would only further increase the taxpayers’ tab for nuclear power while shifting even more of the risks onto the public. LOW-COST CLAIMS FOR EXISTING REACTORS IGNORE HISTORICAL SUBSIDIES The nuclear industry is only able to portray itself as a low-cost power supplier today because of past government subsidies and write-offs. First, the industry received massive subsidies at its inception, Source: Japan Center for Economic Research (2017). JCER’s 2019-cost estimate ranges from US$322 billion to US$719 billion [all in 2021 dollars] depending on whether decommissioning will be done by 2050 or postponed to after 2050. What About Mining Minerals Vast Devastation and Destruction from Mining Fuels Counties with abandoned mine lands on the federal inventory. Dark red counties have the most reclamation costs; the lightest shade of red has the least BLM Abandoned Mines Inventory, https://www.blm.gov/programs/public-safety-andfire/abandoned-mine-lands/blm-aml-inventory Materials requirements in transi!oning power and transport systems 70 Materials requirements in transitioning in power & transport systems to 2050 Increases in transition metals are more than offset by declines in fuel output. Totals include fuels as well as raw materials for capital equipment used directly and indirectly in production and consumption activities, including extraction and waste. Electricity sector materials are depicted in solid colors, with the transport sector in patterns. 60 (million tons) 50 40 30 20 10 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 0 Jim Krane & Robert Idel (2022) On the reduced supply chain risks and mining involved in the transition from coal to wind, Energy Research & Social Science, 89, Feb. 2022, https://doi.org/10.1016/j.erss.2022.102532 “ ” Oil Coal Natural gas Iron Copper Nickel Lithium Cobalt Other metals Oil Coal Natural gas Iron Copper Nickel Lithium Cobalt Other metals IEA is very selective in presenting data. IEA looks only at the STOCKS (the assets you need to build the generator or car) not the FLOWS (the energy you need to run them). But the flows of energy are 2-3 orders of magnitude larger than the stocks. FOR EXAMPLE: Over its lifetime of 30 years, 1MW of solar capacity will generate over 40,000 MWh of electricity, so the mineral requirement is just 0.15kg per MWh. Compare that to a coal fired generation station where the critical mineral requirement is indeed a bit less, but you need 350 kg of coal to generate that MWh. On this calculation, coal generation will need more than 2,000 times more material by weight than solar generation. Kingsmill Bond (2021) Mineral constraints for transition overstated by IEA, CarbonTracker, May 11, 2021,https://carbontracker.org/mineral-constraints-for-transition-overstated-by-iea There are significant differences between oil security and mineral security ‘In the event of an oil supply crisis, all consumers driving gasoline cars or diesel trucks are affected by higher prices. By contrast, a shortage or spike in the price of a mineral affects only the supply of new EVs or solar plants. But we must not forget the bigger story: we will need a lot less material and that means a much smaller environmental impact. Global demand for fossil fuels in 2019 was over 13,000 million tons (mt), and global demand for critical minerals in the renewable sector in 2020 was 7 mt. Under the IEA’s 1.5 degree scenario, demand for critical minerals in the renewable sector will rise to 43 mt in 2040. So the fossil system requires over 300 times more material than the renewable system. The disparity is enormous, and no amount of fancy footwork by apologists of the fossil fuel system should deflect us from the central point that we have the resources to make the energy transition a reality and to usher in a new age of growth and prosperity.’ Kingsmill Bond (2021) Mineral constraints for transition overstated by IEA, CarbonTracker, May 11, 2021,https://carbontracker.org/mineral-constraints-for-transition-overstated-by-iea RESPONSIBLE MINERAL SOURCING AND CIRCULAR MINERALS ECONOMY Key elements in the life cycle of an electric vehicle, with an emphasis on the policies and practices required to activate more responsible mineral sourcing. Just Minerals: Safeguarding protections for community rights, sacred places and public lands from the unfounded push for mining expansion, Earthworks, Why a responsible renewable energy transition hinges on mining law reform, June 2021, https://earthworks.org/just-minerals Front. Environ. Sci. Eng. 2023, 17(2): 23 CO2-e emission of primary and recycling process for typical metals 64% 51% 46% Ratio (%) = Recycling / Primary process × 100. For instance, the CO2 emission of Cu was 1.71 and 0.88 kg per kg metal yield for primary process and recycled process, respectively. The ratio of Cu is 51 %. Xianlai Zeng (2023) Win-Win: Anthropogenic circularity for metal criticality and carbon neutrality, Frontiers in Environmental Science & Engineering, 17(2): 23 https://doi.org/10.1007/s11783-023-1623-2 5% (Copper) (Aluminum) 9% (Iron) (Gold) (Palladium) of primary mining; (b) CO2 equivalent emission of primary and recycling process for typical (Norgate and Haque, 2010; USEPA, 2012; Ashby and Johnson, 2014; Liu, 2014; Nuss and Ratio (%) = Recycling / Primary process × 100. For instance, the CO2 emission of Cu was 1.71 PERSONAL CONTEXT (my bias) I subscribe to Horace Mann's injunction, "Be ashamed to die until you have won some victory for humanity." In my case, that would be to help get humanity on a positive path for resolving climate destabilization, while also turning life-threatening and life-diminishing poverty of billions into sustainable livelihoods, eliminating the need for oil wars, and reducing species extinction rates (now at 1000 times the natural background level) back to natural levels. Michael P Totten Kinda wish I started earlier, but I'm having a heck of a great time working on it. www.linkedin.com/in/michaelptotten totten.michael@gmail.com