2 ms·
As much as I'd love to see us as a civilization control the atom, I'm not seeing the financial case for why we should be focusing on nuclear right now. NuScale
by diafygi 8y ago
As much as I'd love to see us as a civilization control the atom, I'm not seeing the financial case for why we should be focusing on nuclear right now.
NuScale said their tech was targeting $90/MWh, and trying to get a first plant running by 2023[1]. That's a non-starter for most modern utility RFPs even today.
Xcel Energy is seeing bids as low as $18/MWh for wind, $29/MWh for solar, and $36/MWh for solar+storage[2]. So maybe nuclear can fit into the realm of the 10% of edge cases where renewables+storage aren't effective, but I'm not seeing any financial scenario where nuclear comes close to providing the middle 80% of generation capacity. It's just too damn expensive.
Unless Bill Gates is proposing we can cut nuclear prices by 80%, I'm worried this is a huge distraction from us deploying renewables + storage + flexible load, which is currently extremely cheap and getting cheaper.
[1]: https://analysis.nuclearenergyinsider.com/small-modular-reactors/nuscale-targets-smr-cost-below-90mwh-wider-deployment https://analysis.nuclearenergyinsider.com/small-modular-reac...
[2]: https://www.greentechmedia.com/articles/read/record-low-solar-plus-storage-price-in-xcel-solicitation https://www.greentechmedia.com/articles/read/record-low-sola...