Remarks Prepared for U.S. Secretary of Energy Samuel W. Bodman

The projections are staggering. By 2030, we estimate that global energy consumption will grow by over 50 percent, with 70 percent of that growth coming from the world’s emerging economies. For electricity specifically, we estimate that U.S. demand will increase by about 50 percent by 2030, with global demand nearly doubling.

To meet this demand in the U.S., we would require 285,000 megawatts of new base load capacity. By way of comparison, that represents roughly the total capacity of all the coal-burning power plants now operating in the U.S. and almost three times the capacity of the existing fleet of nuclear plants.

newsblaze