Financial Times reporter Ed Crooks highlights a new study by MIT researchers identifying the key factors leading to the declining cost of solar power. The study highlights “the critical role played by government policy to help grow markets around the world.”
Vox reporter David Roberts writes about a new study by MIT researchers examining what factors contributed to bringing down the cost of solar panels. Roberts writes that the researchers found “policies that create incentives for private investors to develop and deploy solar panels are responsible for well over half of the decline in solar PV costs.”
Prof. Jacopo Buongiorno speaks with Marketplace reporter Sabri Ben-Achour about MITEI’s study showing the potential impact of nuclear power in addressing climate change. Buongiorno noted that if costs can be reduced and more supportive policies enacted, nuclear power has the “potential to decarbonize the power sector on a global scale.”
Forbes contributor Jeff McMahon writes that a new study by MIT researchers finds that nuclear reactors “cost so much in the West because of poor construction management practices.” The study’s authors suggest several ways to reduce the cost of constructing a nuclear plant, including standardizing multi-unit sites, seismic isolation, and modular construction.
A recent study from the MIT Energy Initiative finds that the cost of nuclear reactors can be twice as high in the U.S. and Europe compared to Asian countries. The researchers found that costs were “bundled up in the site preparation, the building construction, [and] the civil works,” rather than the reactor itself, writes Jeff McMahon for Forbes.
Akshat Rathi of Quartz reports that Breakthrough Energy Ventures will invest in Commonwealth Fusion Systems, a startup collaborating with MIT to make fusion energy a viable source of renewable energy. The closely-watched fund’s investment “signals to others that a breakthrough in fusion may be closer than most think,” writes Rathi.
Wall Street Journal reporter Neanda Salvaterra writes about a new MITEI study showing how nuclear power can help reduce carbon emissions. Nuclear power, says MITEI Director Robert Armstrong, “has been demonstrated historically as capable of delivering energy on demand over decades with zero carbon footprint so it’s an option we need to keep in our quiver.”
Axios reporter Ben Geman writes that MIT researchers have found the most effective way to reduce emissions from electricity sources is to use a mix of renewable and other low-carbon tech options. “It’s not about specific technologies. It’s about those key roles that we need filled on the low-carbon team,” explains study co-author Jesse Jenkins.
Axios reporter Ben Geman writes that a MIT Energy Initiative study shows that while nuclear power is critical to cutting carbon emissions, expanding the industry will be difficult without supportive policies and project cost reductions. The report’s authors explain that the increasing cost of nuclear power undermines its "potential contribution and increases the cost of achieving deep decarbonization."
A new MIT Energy Initiative study details how nuclear power could help fight climate change, reports Jonathan Tirone for Bloomberg News. The study’s authors explain that U.S. policy makers could support the nuclear industry by putting a “price on emissions, either through direct taxation or carbon-trading markets. That would give atomic operators more room to compete against cheap gas, wind and solar.”
Physics Today reporter David Kramer highlights how Commonwealth Fusion Systems (CFS), an MIT startup, is on a mission to prove that fusion power is a viable energy source. “CFS benefits from decades of experience by MIT researchers working on high-field, high-plasma-density tokamaks,” notes Kramer.
Prof. Zach Hartwig and Bob Mumgaard, CEO of Commonwealth Fusion Systems, discuss the new fusion initiative live on Bloomberg Radio (beginning at 34:40) with hosts Peter Barnes, Tom Moroney and Pat Carroll. "MIT brings 40 years of federally funded expertise in physics to contribute to the project," said Hartwig, "and we see that as a tremendous strength of this new kind of model."
MIT will partner with Commonwealth Fusion Systems in an effort to make fusion power a reality in 15 years. “MIT and CFS are hoping to facilitate a leap forward on several of these problems at once with a new superconducting material that will help make more efficient magnets to control the plasma,” Eric Limer writes for Popular Mechanics.
In this opinion piece published by The Boston Globe, Vice President for Research Maria T. Zuber writes that fusion energy is within reach: "The MIT design uses established science for the plasma confinement, and thus puts fusion power plants within reach on a faster time-scale than previously thought possible."
Writing for The Boston Globe, Hiawatha Bray reports that MIT and Commonwealth Fusion Systems believe they can turn nuclear fusion into a practical energy source. "MIT scientists believe their SPARC design points the way to much smaller and cheaper fusion reactors," explains Bray.