3 ms·
1) Your uranium prices are way off. The uranium spot price as of April 15 is about $56,650 per metric ton: https://www.cameco.com/invest/markets/uranium-price h
by philipkglass 8y ago
1) Your uranium prices are way off. The uranium spot price as of April 15 is about $56,650 per metric ton: https://www.cameco.com/invest/markets/uranium-price https://www.cameco.com/invest/markets/uranium-price
2) The energy density of uranium is admittedly spectacular. If you compare only uranium prices and fossil fuel prices, uranium wins every time. The problem is that all the equipment and personnel to turn uranium into electricity end up making American uranium-fueled electricity more expensive than gas-fueled electricity. That's why cheap gas has pushed so many operating American nuclear plants into the red, and why those plants need support beyond market prices to keep producing their steady low-emissions electricity. Quoting uranium price alone for nuclear power is like quoting silicon price alone for solar power -- it has very little bearing on the final delivered price of electricity.
3) Practically every power reactor design claims to supply affordable electricity before anyone actually builds one. The EPR did. The AP1000 did. Like pfdietz I'll trust ThorCon's claims after they have operating reactors to prove it, not before. New reactor designs claiming big improvements are no more special than big claims about spectacular new batteries or solar cells. Wait for commercial delivery, then measure. Most of these exciting early claims go nowhere.