EDF is developing a broad range of powerful and reliable low-carbon energy solutions to meet increasing demand for abundant, domestic, and clean energy. The cornerstone of our strategy is the development of new nuclear power operations that can more efficiently and effectively meet growing U.S. demand for clean energy in the years and decades ahead.
The U.S. energy market is the largest in the world, and growing. Electricity demand is projected to rise 21% by 2030. Fossil fuels (coal and natural gas) currently account for more than two thirds of the nation’s electric power generation, while nuclear and renewable energy sources produce less than one third.
The key challenge is to provide the energy people need while protecting the environment. Success depends on reducing CO2 emissions and increasing energy efficiency.
EDF can help to meet this challenge. Operating in more than 20 countries worldwide, EDF has come to be recognized as a leading expert in clean energy solutions such as nuclear power and renewable energy. As the leader in Europe’s electricity markets, EDF has long-held expertise in clean energy technology and experience in production of nuclear power, hydro, wind power and solar energy. Today, EDF is engaged and committed to working in partnership with leading players in the U.S. nuclear power and renewable energy sectors to help create a new, clean energy future.
Public demand, economic need, environmental necessity and political will are all supportive of new clean energy solutions such as nuclear power, wind power and solar energy.
Faced with a 30% projected growth in electricity demand over the next two decades, and the retirement of aging nuclear power and coal and gas plants, the electricity industry needs to make infrastructure investments of between $1.5 trillion and $2 trillion by 2030. Today in the U.S., coal accounts for 49% of all electricity power generation, natural gas for 21%, nuclear power for 20% and renewable energy sources for 9%, including hydropower.
For the first time in decades, the U.S. government, at the state and federal levels, has begun serious consideration of new, clean energy policies to help meet demand. EDF can help.
At federal level, the American Recovery and Reinvestment Act of 2009 committed $45 billion to developing clean energy and improving energy efficiency via tax credits and incentives. In 2011 the U.S. Congress is likely to consider a series of new national energy policies that would favor renewable energy and eco-efficiency programs. Several initiatives in more than 30 states across the country have also begun to encourage the implementation of additional and clean energy supplies.
For these reasons, the EDF Group has made the expansion of our current nuclear power and renewable energy operations in the U.S. a priority. With decades of expertise and investment in nuclear power and renewable energy solutions around the world, we believe that we can help answer the call for a clean energy future.