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If nuclear was our only choice for zero-carbon energy, I would say that we should change the subsidies and prices to make it profitable, or at least at-cost. T
by epistasis 3y ago
If nuclear was our only choice for zero-carbon energy, I would say that we should change the subsidies and prices to make it profitable, or at least at-cost.
The problem with nuclear isn't that it's at-cost, the problem is that construction projects balloon into financial disasters that are too risky. Check out what happened to France's Areva due to constructing the Olkiluoto. It is literally owned by the French government to bail it out from their financial disaster. Or what happened to Westinghouse and parent company Toshiba due to trying to construct AP1000s.
We have better alternatives that are cheaper and are not such massive single points of failure. Right now the US government is throwing money hand over fist at nuclear, and if the industry can make a go of it and manage to construct some more, great, I have no problem with that.
But nuclear is fundamentally inefficient, expensive, and bad source of power compared to the alternatives. It's always always overpromised and underdelivered. Seemingly nobody in the industry has every made an honest construction estimate. I mean, of course there were a few successful construction projects, but on average it's been a disaster. Throw another $100B at it, see if somebody finally figures it out after 70 years, but it seems pretty doubtful. Nobody left in the industry seems to be capable or smart enough to deliver.