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Battery prices are going down. Solar prices are going down. Wind prices are going down. Nuclear mostly is going sideways. This is also reflected by deployment,
by matthewdgreen 2y ago
Battery prices are going down. Solar prices are going down. Wind prices are going down. Nuclear mostly is going sideways. This is also reflected by deployment, where renewables are on an exponential (logistic) curve and nuclear isn’t. Even in China, where nuclear is growing fastest, the curves look like this: https://www.evwind.es/2024/01/13/nuclear-energy-remains-far-behind-photovoltaics-and-wind-in-china/95924 https://www.evwind.es/2024/01/13/nuclear-energy-remains-far-...
TL;DR if fast deployment of low carbon sources is what you want, nuclear definitely is not the answer.
- vlovich123 2y agoThe point of fission is that all that installed capacity is available 24/7. That isn’t true of wind and solar. So for baseload, fission is the only solution and that’s why China is building them. China fission prices have gone down by the way and it’s likely the world will soon start using their reactors because we let the coal industry kill our nuclear industry.
- suoduandao3 2y agoThat discrepancy is not surprising, given iteration times and cost of failure. Nuclear has great potential in space exploration, but it's never going to be economical when there are other options. It's no wonder pronuclear activists clog up any discussion of renewable energy, hoping to get some of that public subsidy money for themselves - they know the reactors can't pay for themselves by selling electricity alone.
- vlovich123 2y agoThe cognitive dissonance involved to say that nuclear needs public subsidies to pay for themselves when wind and solar need the same is pretty wild. And again - wind and solar, with all those subsidies, continues to fail to displace fossil fuels in the grid because the costs continue to ignore the batteries required to supplant baseload (or argue that baseload is an archaic concept with the alternative being a completely different grid which would require a massive replacement). By comparison, France which went all nuclear in the 60s is completely off fossil fuels for their grid whereas companies that continue to go the renewables-only approach continue to see fossil fuel usage continue to grow even if the percentages remain flat.
- suoduandao3 2y agoThen why are you here? If nuclear doesn't need subsidies, why aren't you just investing in the next great nuclear project and proving me wrong that way?
- vlovich123 2y agoBecause regulatory burdens have killed the US nuclear industry. That’s why China is 15 years ahead of us and pumping out fission stations at half the time. Nuclear power needs a serious overhaul of the regulatory framework in the US and that starts with a broader swelling of support to overcome all the misinformed propaganda.
- matthewdgreen 2y agoChina installed more solar PV and wind generation in the first 9 months of 2023 than all 26 nuclear power stations under construction will provide (already adjusted for capacity factor.) It's true that China is beating the rest of the world on nuclear construction. It is also unfortunately true that current-gen (non SMR) nuclear doesn't scale the way factory-built solar PV and wind tech does. Again reposting this very illustrative chart: https://www.evwind.es/2024/01/13/nuclear-energy-remains-far-behind-photovoltaics-and-wind-in-china/95924 https://www.evwind.es/2024/01/13/nuclear-energy-remains-far-...
- vlovich123 2y agoIf solar and wind is meeting all the needs, why is China building so much nuclear?
- matthewdgreen 2y agoStarting in the late 2000s China began investing in nuclear, renewables and storage all at the same time. The original (optimistic) plan called for nuclear to peak at 18% of their electricity generation by 2060. But that was before the recent breakout expansion of renewables and cost decreases in battery storage. Since then China seems to have pulled back a lot on nuclear [1], coinciding with huge price decreases and deployment surges in solar PV and wind. Even adjusted for capacity factor, new wind+solar are seeing about 60x the installed capacity of nuclear (as of 2023) and that number has been on an upward trend. [1] "It peaked in 2018 with 7 reactors with a capacity of 8.2 GW. For the five years since then then it’s been averaging 2.3 GW of new nuclear capacity, and last year only added 1.2 GW between a new GW scale reactor and a 200 MW small modular nuclear reactor." https://cleantechnica.com/2024/01/12/nuclear-continues-to-lag-far-behind-renewables-in-china-deployments/ https://cleantechnica.com/2024/01/12/nuclear-continues-to-la...