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The German government spent like $500B buying expensive solar PV which was instrumental in allowing the manufacturing efficiencies to reduce prices to what we s
by acidburnNSA 6y ago
The German government spent like $500B buying expensive solar PV which was instrumental in allowing the manufacturing efficiencies to reduce prices to what we see today in solar.
Similarly, we know that serial construction of standard nuclear is cost effective from the examples cited.
- Maursault 6y agoGermany spent closer to $26B on Solar since 2016. Meanwhile, the US alone expects to spend $36B on storing nuclear waste. Half of the first generation of nuclear power plants being constructed were abandoned because of insurmountable costs. If nuclear power was economically viable, no one could stop it. But investors do not want to pay for plant construction without massive subsidies that are now absent, nor for the decommissioning, nor for the storage of spent fuel; they just want to sell electricity and keep the money without any overhead. Where are the private investors! Bring them on and get it done! They're simply not interested. "Electricity too cheap to meter" never materialized. Renewable energy is a far better return, and today, nuclear power can not compete against renewables. Consider that if a tiny portion of the investment in R&D for nuclear energy had instead been invested in renewables, nuclear energy would have died in the 1960's.