Nope, the writing was on the wall for almost a year on this one. The whole nuclear industry in general is a long history of cost and schedule overruns. This is more of the same. Investors are not dumb.
You can invest in a solar or wind deployment and have it running and producing revenue in six to twelve months. You can invest in nuclear with a stated schedule of five years, have it blow past that mark, needing more money to keep it going (or write the whole thing off), and then start actually getting revenue at the ten year mark. This isn’t mere speculation, it’s exactly what happens. Oh, and it’s producing at least half the MWh per invested dollar as that solar or wind farm.
It’s amazing anyone is putting any money into nuclear at this point. For the most part, they aren’t. The federal government has shown willingness to sign new licenses for plants. Nobody is buying.
SMRs do not appear to change any of this.
Now, something I think we should do is subsidize reactors that process old waste. Lots better than the current plan of letting it sit around, and probably better than storing it in a cave for millenia, too.
Reptorian@lemmy.zip 11 months ago
This. Green energy works best when complimented with nuclear energy. Then, we can ween away from big oil.
IchNichtenLichten@lemmy.world 11 months ago
It’s the opposite. Nuclear outputs as close to 24/7 as possible, you can’t ramp it up and down to accommodate variable output from renewables for practical and economic reasons.
Uranium_Green@sh.itjust.works 11 months ago
I mean you can vary it pretty significantly depending on the reactor type, but even if you couldn’t you can still put the energy to work in alternative ways, such as pumping water up into reservoirs/damns to generate energy at other points, or using the excess energy to split water. There are many ways to use excess energy.
frezik@midwest.social 11 months ago
So your solution to excess nuclear is to store it. The solution to shortfalls of renewables is also to store it.
Why do we need nuclear?
IchNichtenLichten@lemmy.world 11 months ago
You can do the same with excess power from renewables though. My point was that you need something to fill in the gaps when renewable output is low, whether that be from batteries, pumped storage, peaker plants, etc.
Nuclear doesn’t fit in here, there are no nuclear peaker plants.
Pipoca@lemmy.world 11 months ago
The problem with solar is that the sun doesn’t shine overnight. The good thing with that is that we use much less power overnight than we do during the day.
If you’re relying a lot on solar, you need to build a big-ass battery that you charge during the day and use at night.
Alternatively, you build a nuclear or gas plant sized to overnight usage and run them 24/7. Then, you build way smaller batteries to handle dispatchability and smoothing demand over the course of a day.
frezik@midwest.social 11 months ago
HOLY SHIT THE SUN DOESN’T SHINE AT NIGHT, WHY HAVEN’T WE THOUGHT OF THIS?
IchNichtenLichten@lemmy.world 11 months ago
Big if true. Winds tend to be stronger at night though.
Or pumped hydro, compressed gas, molten salt, green hydrogen, etc.
Base load. See here: cleantechnica.com/…/we-dont-need-base-load-power/