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That's for the first plant, the other 7 are expected to cost the same as the recent nuclear power deal for Hinckley C. That's in the BBC article. I actually th
by Brakenshire 12y ago
That's for the first plant, the other 7 are expected to cost the same as the recent nuclear power deal for Hinckley C. That's in the BBC article.
I actually think that's pretty amazing as a first off price. By contrast, solar panels have only got to where they are today because governments (principally but not exclusively in Germany) subsidized them for decades at two to three times that level. God know how many billions of subsidies have gone in nuclear, and the strike price is still high. Or, for that matter, into traditional energy technology and infrastructure.
Many new technologies do require up front subsidies in order to develop, and that's sensible as long as there is a credible path to reducing the cost. Solar panels are just now starting to become competitive, if this technology could do it second or third time out, that is something to be lauded.