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> Does that mean nuclear is just a totally great idea? No; the issue with nuclear is cost. Historically it has been quite expensive, but subsidised in opaque wa
by nickik 6y ago
> Does that mean nuclear is just a totally great idea? No; the issue with nuclear is cost. Historically it has been quite expensive, but subsidised in opaque ways. In a zero carbon world, it might make sense for baseline generation even if it's expensive; in the world we live in it needs to compete on price. Can it?
We are still using basically 1960 tech, that's why its expensive. As Elon Musk pointed out often, what matters is pace of innovation.
Nuclear has a pace of innovation that is almost inperceptable. The reasons are that its almost impossible for a startup to do anything, without 10s of millions or better 100s you don't even have to start. The existing reactors last for 60-100 years, so if the country built some in the 1970-1980, it might be enough for multible generations.
You don't have a large industry that can substain itself on building reactors. Industry basically makes money with the fuel dilivery, but those companies have no insentive to innovate on the reactor.
You can not even build a prototype or experimete. A university level research reactor is not enough to validate a real reactor. And the only other thing is a full commercial reactor.
This means companies are forced to develop everything on paper, long before they even get some uranium to play with. That is an insnaly difficult way to build anything, compare that to SpaceX Starship development.
I am a huge fan of nuclear, and we really did have the technology in the 1970 to basically solve climate change as France basically showed. I believe one 'gigafactory' that mass produces small or medium reactors and a appropritae fuel cycle would be by far the cheapest long term solution. Sadly I see no way how we can get to that situation, a single sighting project takes many, many years.
Also, the concept of 'baseload' is dead. If you only produce when renewables are not needed you are in a horrible market situation. Even if you wanted to be dynamic, current tech can't be. This is not an issue with nuclear in general, but the current generation. A load following nuclear reactor is possible, but even that will simply lead to an underutilized resource.
That is why companies like Moltex Energy are designing their reactor more like CSP installation. Where the nuclear reactor has a 'heat-battery' and multible CCGT so that when there is money to be made, you actually triple the output of the reactor for when prices are high. It also leads to the nuclear part of the investment being only like 30% and the rest is known cost, but of course it requries a pretty large scale of project to work.
All in all, I hope the best for nuclear, it would have been the right solution, but its unfortunate history and properties just didn't fit in socity correctly for many reasons. I hope by the end of the decade we have some advanced nuclear, but unfortunatly I now beleive the majority of 'green' energy will have to come from gathering up wind and solar power on massive scale, plus Terrafactories worth of battery production with some gas backup plants.