Second and Third Nuclear Power Blasts Devastate Japan
Two more nuclear power blasts have devastated Japan, and Asian Green Technology Holdings analysts believe that the rising awareness and concern over nuclear safety will lead to a rise in the adoption of renewable energy sources.
- (1888PressRelease) March 16, 2011 - Another two explosions at a nuclear power plant in Japan have further devastated the already struggling Fukushima. The second blast, which happened Monday, 14th March, was the result of a hydrogen build up, which witnesses have confirmed was felt 40km away.
Tragically, a third explosion has also been confirmed after yet another reactor has lost its cooling faculty. Efforts to cool reactors by pumping in seawater have failed, resulting in three nuclear blasts at the Fukushima plant.
The Japanese government have played down health fears as none of the explosions have caused a complete meltdown, with core reactors remaining intact. Levels of contamination are said not to pose a health risk with the government stating that they are within legal limits. Nevertheless, locals remain understandably concerned about radiation poisoning.
The U.S. however seems to be of differing opinion to the Japanese government. U.S. troops recently pulled out after discovering low levels of radioactive matter. It has also been reported that twenty-two people have been treated for radiation exposure, adding further fuel to concerns over health risks.
It has also been confirmed the third explosion is the worst of the three. Partial damage has been caused to the containment vessel and it is feared the reactor is in partial meltdown, though radiation levels are still said to be safe.
The Fukushima explosions have caused worldwide concern over the future of nuclear power with nuclear energy operators reporting a slump in profits. This is, conversely, good news for the future of renewable energy which has experienced a boost in revenue.
Bloomberg.com has confirmed this, stating 'EDF, the world's largest operator of reactors, slumped as much as 4.8 percent in Paris trading, the biggest intraday decline since May. E.ON, Germany's largest utility, had its biggest drop in six months. German solar cell producer Q-Cells SE (QCE) jumped 16 percent, turbine maker Vestas Wind Systems A/S rose 4.8 percent in Copenhagen, and gas producer BG Group Plc (BG/) gained 2.2 percent in London.'
Experts at Asian Green Technology Holdings in Hong Kong are tipping a rise in renewable energy based on statistics released since the first nuclear explosion at the Fukushima plant on Saturday. It is suspected that governments may falter in their plans to develop nuclear power as the next major power source. Instead, a higher investment in renewable energy is predicted.
There has been great debate in recent years over which source of power would be most beneficial for future use. The Fukushima explosions will no doubt have tipped the balance towards renewable energy. It is more expensive than nuclear energy but if social preference backs the more expensive option, it looks likely it could be the future source of power. In the mean time, an increased use of fossil fuels is expected for Japan in place of its nuclear power plants.
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