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Technology Stocks : American Superconductor (AMSC)

AMSC 37.87

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From: David C. Burns	3/24/2011 7:18:55 AM
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Germany set to abandon nuclear power for good The world's fourth-largest economy stands alone among leading industrialized nations in its decision to stop using nuclear energy because of its inherent risks. It is betting billions on expanding the use of renewable energy to meet power demands instead. The transition was supposed to happen slowly over the next 25 years, but is now being accelerated in the wake of Japan's Fukushima Dai-ichi nuclear plant disaster, which Chancellor Angela Merkel has called a "catastrophe of apocalyptic dimensions." Berlin's decision to take seven of its 17 reactors offline for three months for new safety checks has provided a glimpse into how Germany might wean itself from getting nearly a quarter of its power from atomic energy to none. And experts say Germany's phase-out provides a good map that countries such as the United States, which use a similar amount of nuclear power, could follow. The German model would not work, however, in countries like France, which relies on nuclear energy for more than 70 percent of its power and has no intention of shifting. physorg.com

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