3 ms·
"Firmed renewables" are cheaper than or equal in cost to new nuclear today [1]. Renewables and storage are on an exponential cost reduction and learning curve,
by ViewTrick1002 3y ago
"Firmed renewables" are cheaper than or equal in cost to new nuclear today [1]. Renewables and storage are on an exponential cost reduction and learning curve, while nuclear famously has gotten more expensive with each generation [2]. Given that nuclear is uncompetitive against against renewables today, adding a 15-20 year lead-time just makes it laughable. Then another 30-40 years to turn a profit.
Nuclear is a technological dead-end economically. Perfect for niche applications like submarines, but not for the grid.
[1]: https://www.lazard.com/research-insights/2023-levelized-cost-of-energyplus/ https://www.lazard.com/research-insights/2023-levelized-cost...
[2]: https://www.sciencedirect.com/science/article/abs/pii/S0301421510003526 https://www.sciencedirect.com/science/article/abs/pii/S03014...
- liotier 3y agoInteresting Lazard study. First time I see such investment guys so optimistic about grid-scale storage beyond the currently supply-limited pumped hydro.