3 ms·
Nuclear power's market fit has been seriously eroded over the past 10 years or so. Over the past decade both wind and solar have been exceeding by a wide margi
by sunstone 5y ago
Nuclear power's market fit has been seriously eroded over the past 10 years or so. Over the past decade both wind and solar have been exceeding by a wide margin their expected cost reductions. It's very clear now that these cost reductions will continue for at least another ten years at which point nuclear will have no chance at all of being cost competitive.
Almost as important, a nuclear power plant represents one big lump of power supply that takes years and years to complete. Whereas wind and solar can be built to completion incrementally in a year or two which is a much more budget friendly way to finance future energy supply. And of course wind and solar benefit from the cost reductions year by year.
The only positive for nuclear is that governments would like to keep a stock of nuclear trained scientists on hand just in case they are needed for a weapons initiative.
The nuclear industry is aware of all of the above and will engage in a protracted propaganda campaign to try and right the sinking ship. Though at this point it really looks hopeless.