Sunday
Jul192015
UBS: "solar with eventually replace nuclear and coal"
As reported on page 90, in the July 2015 World Nuclear Industry Status Report:
"UBS, the largest Swiss bank says of large-scale power plants that they will become 'the dinosaur of the future energy system: Too big, too inflexible; not even relevant for backup power in the long run.'
...UBS, in a report published in June 2015, stated: 'We believe solar with eventually replace nuclear and coal, and [be] establish[ed] as the default technology of the future to generate and supply electricity.'"
(citing: UBS, "Will solar, batteries and electric cars reshape the electricity system?", August 20, 2014)