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According to a friend that works with utility companies to plan out future capacity, nuclear's problem is the high upfront cost. Companies don't want to invest
by bcrosby95 5y ago
According to a friend that works with utility companies to plan out future capacity, nuclear's problem is the high upfront cost. Companies don't want to invest in building one for this reason alone. Building a new one puts a lot of capital at risk.
- colinmhayes 5y agoNuclear plants in America are old enough that many need to be upgraded. Turns out upgrading is so expensive that many choose to close instead. Just this week two in Illinois closed when the state refused to subsidize the upgrade. It's a pretty bad look, because people see these huge subsidies and balk, thinking that nuclear is a continually expensive form of energy, even though these are one time costs.