Comment on Nuclear energy enjoyers vindicated again after the rise in oil and gas prices.
cows_are_underrated@feddit.org 1 week agoThe 4b are The estimations for now. As far as i know, every single new nuclear plant that we tried to built in the last years overshot its budget by quite a significant amount.
booly@sh.itjust.works 1 week ago
Oh, I agree.
I was a big, big nuclear proponent 20 years ago. But seeing how Vogtle and VC Summer played out, and how that “cheaper” and more “scalable” AP1000 design put Westinghouse into bankruptcy, basically turned me off from the economics of nuclear power.
Oh, and because of how utility generation is paid for, ratepayers in Georgia will be paying for the Vogtle construction and cost overruns in their electric bills for the next 75 years, as the nuclear plant is shielded from competition by price regulators (state Public Utilities Commissions and the Federal Energy Regulatory Commission), so even if newer and better technology comes online, customers in 2080 will still be paying for 2020 technology.
The technology is still neat but I don’t believe there’s an economic future for civilian nuclear power generation. Not anymore.