5 ms·
investment cost and payoff. a gas turbine plant can deliver returns in as little as six years and requires minimal oversight. a nuclear plant may take as long
by nimbius 4y ago
investment cost and payoff. a gas turbine plant can deliver returns in as little as six years and requires minimal oversight. a nuclear plant may take as long as 30 years before it returns a profit, and it lives under a government regulatory and security magnifying glass.
personal opinion but the modern american investor has no patience for anything but instant profits. nuclear could be great but the executives you have to convince are all well familiar with and scarred by their 60 year old reactors.
- hammock 4y agoThis rings true and I'd like to see a comparison of interest rates or curve steepness vs energy supply/construction
- pfdietz 4y agoIn a time where energy technologies are changing rapidly, patience is not a virtue. Investments had damned well better pay off quickly.
- colinmhayes 4y agoWHy would any executive be interested in an investment that takes a decade to even pay its first dollar when renewable prices are dropping exponentially? For all we know solar, which is already cheaper than nuclear, will be cheap enough by the time a nuclear plant is done to make that plant completely obsolete.