3 ms·
$1 billion per GW is fantasy. Right now it's more like 8 or 9. Building out enough nuclear power for the whole country would easily blow through that $4.5 trill
by pydry 4y ago
$1 billion per GW is fantasy. Right now it's more like 8 or 9. Building out enough nuclear power for the whole country would easily blow through that $4.5 trillion mark - even if the price halved.
Moreover, $6 billion is buying a 6GW "pumped storage" battery in Australia. It's not theoretical it's happening right now. There is a huge amount of potential for this that is just starting to be tapped - mostly coz even at max capacity our solar/wind installations don't yet max out grid demand.
Furthermore, 1960s reactors were not safe.
Nuclear power can reduce costs by reducing safety and may well do so to compete. At the moment this cost is hidden, as plant owners' liability is capped at a very low level.