Electricity Production and Renewable Source of Energy, Economics
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Most of the electricity in the United States today is produced using steam turbines. A turbine converts the kinetic energy of a moving fluid (liquid or gas) to mechanical energy. In a steam turbine, steam is forced against a series of blades mounted on a shaft. The steam rotates the shaft connected to a generator. The generator, in turn, converts its mechanical energy to electrical energy based on the relationship between magnetism and electricity. In steam turbines powered by fossil fuels (coal, natural gas, and petroleum), the fuel is burned in a furnace to heat water in a boiler to produce steam. However, considering the rise on the demand for electricity going forward toward the future industrial world at the fast pace that the world is going, is the gas turbine generated electricity enough source to meet this demand? Or even in conjunction with solar and wind resource, is it the uphill battle for our demand? In this chapter we assess the situation and justify the future faith of nuclear power plant in form of advanced research and development of the Generation IV International Forum (GIF).
KeywordsFederal Energy Regulatory Commission (FERC) North American Electric Reliability Corporation (NERC) Small Modular Reactors (SMRs) Renewed Energy Regional Transmission Organizations (RTO)
- 1.Generation to Generation, An Energy Evolution, The ScottMadden Energy Industry Update, Volume 17 – Issue 2Google Scholar