That’s not difficult. Nuclear is extremely expensive.
With renewables you just sell it to the grid for whatever gas generated electricity is going for. Which is currently still a fucking lot. Thanks Russia.
The question has always been what does one do when the renewables aren’t providing enough power (ex: nights, etc). The current solution is natural gas. It would be a big improvement if we would use a carbon-free source like nuclear instead.
Nuclear is a terrible fit for peaker plants, that’s not how it works. If it isn’t selling energy at as close to 100% of the time as is feasible it’s losing money.
Pumped-storage hydroelectricity is an old and proven method for load balancing intermittent power sources. Would like to see more of that as geography permits.
The “as geography permits” part is a big obstacle, unfortunately.
K, but this isn’t about profits. This is about not destroying the environment, which nuclear can help with (you know if nobody bombs the plant)
But it’s also about cost. Nuclear is far more expensive upfront, more expensive to maintain, and more expensive to decommission. Cheap, agile renewables will be an easier option for the vast majority of the planet
We would be really stupid to worry about money when trying to save the planet. But, what did I know, I’m just some guy on the internet
Financiers tend to worry about money, yes.
First option: a wind/solar plant with costs that aren’t going to increase substantially, power being sold within a couple of years therefore repayments will begin quickly.
Second option: a nuclear proposal - massive costs upfront, that will inevitably skyrocket while the completion date slips and slips, and power being sold 10-15 year in the future so repayments are a long way off.
It’s not a difficult choice.
If your argument is that we should nationalize the energy sector so government can get involved more directly to mitigate financing issues, sure. We both know that’s not going to happen.
How does one provide power when the renewables don’t provide enough power (nights, etc)? Our current solution is natural gas. Nuclear is a huge step up as a carbon-free provider.
Storage, there are many options. Pumped hydro is great for places with elevation change, molten salt is great for desert climates. Batteries, green hydrogen, compressed gas, etc.
We’ve been storing energy for thousands of years. It’s not difficult in the way nuclear fusion, SMRs, or thorium are difficult.
We’re also moving towards EVs. I’d like to see investment in using a fleet of connected EVs as a giant battery. Your energy company can pay you for making 10-15% of your EV battery available for grid storage and you can opt out if you need that extra range for a trip.
The article talks about the coming droughts and water shortages. Pumped hydro is nice, if you have water.
There’s evaporation, which can be mitigated by floating solar panels, but pumped hydro is a closed system, it doesn’t consume water.
The largest battery on the planet would power my workplace for less than two hours- if it could meet the instant demand, which it cannot.
I’m all for energy storage, but I realise there’s a lot of work to do.
1,200MW isn’t enough? Where do you work?
Why do you think batteries can’t meet instant demand? That’s kind of their whole thing.
If you want profit, why not pick coal or natural gaz?
I mean really?
If you want to waste all your money, why not pick nuclear?
Electricity should be expensive for all the benefits it brings
