The Australian GenCost report basically ruled out nuclear as a sensible option, with an extra big question mark on the much touted Small Modular Reactors. http

The Australian GenCost report basically ruled out nuclear as a sensible option, with an extra big question mark on the much touted Small Modular Reactors. https://www.abc.net.au/news/2024-05-22/nuclear-power-double-the-cost-of-renewables/103868728 https://www.abc.net.au/news/2024-05-22/nuclear-power-double-... > Building a large-scale nuclear power plant in Australia would cost at least $8.5 billion, take 15 years to deliver and produce electricity at roughly twice the cost of renewable sources, the country's leading scientific institution has found. > In a report that has for the first time compared conventional nuclear power with other options in Australia, the CSIRO concluded the technology's costs were broadly similar to gas- and black coal-fired generation with carbon capture and storage. > But the CSIRO's GenCost report noted that nuclear was still likely to be at least 50 per cent more expensive than large-scale wind and solar power backed by "firming" technologies such as batteries. > And it warned that the true costs of utility-scale nuclear were likely to be far higher still, given the major risks of cost and time-frame blowouts for a technology that had never been built in Australia before. > It said a nuclear power plant in Australia would be a "first of a kind" and, as such, "premiums of up to 100 per cent cannot be ruled out".