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Just to point something out regarding nuclear. The announced cost overrun at Vogtle of 3 Billion USD, would pay for 7GwH of battery storage at tesla powerwall r
by jerven 10y ago
Just to point something out regarding nuclear. The announced cost overrun at Vogtle of 3 Billion USD, would pay for 7GwH of battery storage at tesla powerwall retail prices of 5500 USD per 14 KwH.
3 billion / 5500 = 545454
545454 * 14 KwH ~= 7.6 GwH.
try at google ((3 billion / 5500) * 14kwh) in Gwh
That is the current state of the Nuclear power construction world.
What sane investor is ever going to invest in power generation that is online 12 years after the decision to go?
- drited 10y agoIn addition to cost overruns on new plants, estimates on the cost of decommissioning are balooning on the other end. Sellafield: 2005 estimate: $59 billion. 2015 estimate: $155 billion. German utilities set aside $45 billion but an additional $26 billion may be needed The EU estimated recently that funds set aside to cover the cost of decommissioning 16 nuclear plants would fall short by $137 billion. Source: http://e360.yale.edu/feature/soaring_cost_german_nuclear_shutdown/3019/ http://e360.yale.edu/feature/soaring_cost_german_nuclear_shu...
- VLM 10y agoThe biggest problem nuclear culture has is the costs are very aerospace or military or healthcare or higher education like, in that they'll cost exactly how much money is available, not a penny more or a penny less. How much should it cost in some abstract sense? How much should it cost to be safe? Who knows. But one thing is certain based on historical observation, it'll cost exactly and precisely every penny that is available, and not a penny more or less. There's a lot of profit to be made off spending each penny, and each penny will be spent. That mindset doesn't mesh well in an industry that has competitors like coal plants or natgas peaking plants or solar plants. What does "spend every penny you can" mean at a coal plant? Or what does "a penny not spent is a penny lost" mean at a solar plant? Meanwhile you're comparing a product that's been shipping for half a century, admittedly at various levels of technical and economic success, with vaporware under so far successful development. You can't compare the price of a commodity gallon of standard cow milk in 2016 to the price of a shipping in 2028 Intel CPU in a useful way.
- osmala 10y agoYes. And for renewables with battery backup would require 375 GwH of storage to get a reasonable two week minimum to be considered reliable backup for a equal electicity producion. You can calculate easily 24 * 14 * 1.117 Its not about just how much long sun is up, its about snowstorms and ice.
- jerven 10y agoThat is an unreasonable backup requirement. It is not a backup requirement for any single nuclear power plant either. Those can be taken out by snow storms too (single pylon failure on a line). Or just a refueling stop, which are quite common for nuclear power. One assumes grid resiliency through Geo-distribution and recovery. Any snow-storm taking all solar down for two whole weeks would take down any other power source as that assumes frozen rain followed by massive snow over a huge area. Such a snow storm would kill anything generating power as well as taking down massive parts of the grid. i.e. not any snow storm seen in the last 100 years would be sufficient for this. In the end cleaning snow, while a pain in the ass, is not a real challenge. Much like desert sand cleaning, this is automatable (and small snow removing robots exist already) and would be worth the investment in northern (or extreme) southern climates. We are basically talking about plant equivalence. You need 3x nameplate capacity and about 12 hours of battery storage for equivalency between a solar and a nuclear solution. Assuming night load is equal to day load. That assumption does not hold for a grid, night load is normally half the day load. So a system must only survive the evening peak plus the normal night load. The quip about battery storage price basically showed that if you throw as much money at it as a single nuclear power plant then yes it is a solved problem today.