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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Post by Greendayon Sep 13, 2022 10:31pm
178 Views
Post# 34960909

USA Department Of Energy - Coal-To-Nuclear Transition

USA Department Of Energy - Coal-To-Nuclear TransitionWASHINGTON, D.C.— The U.S. Department of Energy (DOE) today released a report showing that hundreds of U.S. coal power plant sites could convert to nuclear power plant sites, adding new jobs, increasing economic benefit, and significantly improving environmental conditions. This coal-to-nuclear transition could add a substantial amount of clean electricity to the grid, helping the U.S. reach its net-zero emissions goals by 2050. 

The study investigated the benefits and challenges of converting retiring coal plant sites into nuclear plant sites. After screening recently retired and active coal plant sites, the study team identified 157 retired coal plant sites and 237 operating coal plant sites as potential candidates for a coal-to-nuclear transition. Of these sites, the team found that 80% are good candidates to host advanced reactors smaller than the gigawatt scale.  

A coal to nuclear transition could significantly improve air quality in communities around the country. The case study found that greenhouse gas emissions in a region could fall by 86% when nuclear power plants replace large coal plants, which is equivalent to taking more than 500,000 gasoline-powered passenger vehicles off the roads.  

It could also increase employment and economic activity within those communities. When a large coal plant is replaced by a nuclear power plant of equivalent size, the study found that jobs in the region could increase by more than 650 permanent positions. Based the case study in the report, long-term job impacts could lead to additional annual economic activity of $275 million, implying an increase of 92% tax revenue for the local county when compared to the operating coal power. 

“This is an important opportunity to help communities around the country preserve jobs, increase tax revenue, and improve air quality,” said Assistant Secretary for Nuclear Energy Dr. Kathryn Huff. “As we move to a clean energy future, we need to deliver place-based solutions and ensure an equitable energy transition that does not leave communities behind.” 

The reuse of coal infrastructure for advanced nuclear reactors could also reduce costs for developing new nuclear technology, saving from 15% to 35% in construction costs. Coal-to-nuclear transitions could save millions of dollars by reusing the coal plant’s electrical equipment (e.g., transmission lines, switchyards), cooling ponds or towers, and civil infrastructure such as roads and office buildings.  

Argonne National Laboratory, Idaho National Laboratory, and Oak Ridge National Laboratory conducted the study.

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