wiredinusa July 2011

INDEX

Germany’s decision to shut down its nuclear power plants could be a real boon for many American companies.

Such has been the knock-on effect that, in order to meet demand, the country has to double the amount of generation from fossil fuels. The Wall Street Journal noted Chancellor Angela Merkel’s need of 10 to 20GW of fossil capacity to be built over the next decade. 20GW are roughly equal to the amount of electricity Germany currently generates from its 17 nuclear plants, and these 20GW will be built in addition to 10GW already under development for completion by 2013. Whether Germany builds new fossil fuel plants or new solar or wind plants, the country’s electricity grid will need to be upgraded. Germany is expected to spend at least 9.7 billion euros to build over 2,200 miles of cables to connect new generation capacity with consumers. This project could prove a real boon to US cable providers such as General Cable Corp and American Superconductor Corp, as well as infrastructure providers elsewhere such as ABB, Siemens AG, Schneider Electric SA, Alstom SA and General Electric. German decision could boost US manufacturers

Picture : Mick Munchel

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wiredInUSA July

wiredInUSA July

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