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Yep. Seems to be just a convenient excuse to hate on environmentalists, when nuclear power is just too damn expensive (and also takes too long to build), especi
by cableshaft 5y ago
Yep. Seems to be just a convenient excuse to hate on environmentalists, when nuclear power is just too damn expensive (and also takes too long to build), especially today when there are cheaper alternatives.
I was all for nuclear power myself before I started seeing how infeasible it was to get us to carbon neutral with them. I'm still fine with any new nuclear power plants that want to be built but it looks like pretty much no one wants to invest in them anymore anyway.
"The cost of generating solar power ranges from $36 to $44 per megawatt hour (MWh), the WNISR said, while onshore wind power comes in at $29–$56 per MWh. Nuclear energy costs between $112 and $189."
"Capital flows reflect that trend. In 2018, China invested $91 billion in renewables but just $6.5 billion in nuclear."[1]
"Nuclear power plant construction costs—mainly materials, labor, and engineering—rose by 185 percent between 2000 and 2007. More recently, costs have been increasing even faster: In mid-March, Progress Energy informed state regulators that the twin 1,100 MW nuclear plants it intends to build in Florida would cost $14 billion, which “triples estimates the utility offered little more than a year ago.”
Jim Harding, former direc tor of power planning and forecasting for Seattle City Light, estimates that nuclear plants constructed today would provide electricity at between 12 and 17 cents per kilowatt-hour. To put this cost into perspective, the average U.S. electricity price in 2006 was 8.9 cents per kWh, and well-placed wind turbines can produce electricity for less than 5 cents per kWh."[2]
"Study claims that investment in a new 1GW nuclear power plant leads to average losses of approximately 4.8 billion euros." [3]
[1]: https://www.reuters.com/article/us-energy-nuclearpower/nuclear-energy-too-slow-too-expensive-to-save-climate-report-idUSKBN1W909J https://www.reuters.com/article/us-energy-nuclearpower/nucle...
[2]: https://www.americanprogress.org/article/10-reasons-not-to-invest-in-nuclear-energy/ https://www.americanprogress.org/article/10-reasons-not-to-i...
[3]: https://www.pv-magazine.com/2019/07/24/nuclear-a-poor-investment-strategy-for-clean-energy/ https://www.pv-magazine.com/2019/07/24/nuclear-a-poor-invest...
- Melatonic 5y agoCost is not everything though - Nuclear also produces extremely consistent and reliable power. That in it of itself can be a double edged sword in that if we do not have a way to store the excess then it is "wasted" in some ways. But it also has big advantages in certain situations. If there is a decent sized natural disaster or war or some other thing that temporarily interrupts solar or wind power then the increased cost of nuclear power becomes much more attractive. Those situations may be rare but I still maintain we are best off with many different sources working simultaneously.
- cableshaft 5y agoAgain, I have no problem with new nuclear plants being pursued, and there are some benefits to it that solar and wind do not (namely consistency, like you said). But the investment just isn't there in a significant amount. Without people willing to put the money into it, they're not going to be built.
- Maursault 5y agoWhen money is not an obstacle, new nuclear plants are built. I expect US Navy will continue to commission and operate nuclear-powered fleet until bovines return. Sadly, unless our future energy requirements have been vastly underestimated, economics is also going to make commercial-grade fusion unattainable. Like fission, it's development ultimately requires the vast sums only wealthy nations can provide. But even once fusion is achieved beyond breaking even, only those same wealthy nations will be able to pay, more likely massively subsidize, before any fusion power plant could dream about existing. This is why I think society should abandon centralizing power generation and require all structures to generate they're own green power. While massively less efficient than centralized power generation and distribution, with clean energy generation like solar & wind, and necessary optimizations such as more efficient climate control, we can afford to be less efficient.