Last week, the Nuclear Regulatory Commission just approved a new construction of a reactor for the first time in 10 years, to the Bill Gates backed Terra Power. Cool, except it’s projected to cost $4 billion and the government is expected to cover half the cost, to build a reactor with 345 MW of capacity.
In contrast, solar panels cost about $1 million per MW, so an equivalent amount of peak capacity from solar would cost about $345 million, or about 1/12 the price. Solar won’t run all day, but the nuclear plants will also continue to cost money to run after construction is complete.
Looking at the different LCOE estimates of each type of power generation shows that advanced nuclear is around $80/MWhr and solar+battery for all day demand tracking is about $53/MWhr.
Basically nuclear is only economically viable with government support at this point, and we should be asking whether we’d rather have the government support towards other forms of energy.
zloubida@sh.itjust.works 1 day ago
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How they actually actually do.
Catoblepas@piefed.blahaj.zone 1 day ago
Mining for the rare earth elements used in solar panels is pretty ugly, too. But once they’re taken out they can be reused, it’s not like coal or oil where you use it over and it’s gone forever.
zloubida@sh.itjust.works 1 day ago
That’s why the actual solution is degrowth, not a technology of any kind. Nuclear is better that coal, renewables are better than nuclear, but none are good.
Uranium and rare earth elements mining are cause of massive biodiversity reductions, political destabilisations, wars, and they have to be transformed, transported and disposed (and we use a lot of fossil energies for that). So no it’s not green, it’s just less brown (and the direct effect are mostly sensible in third world countries, so nobody cares in the first world).
Moreover, nuclear and renewables never caused a reduction of coal in a global perspective. They just added themselves to the mix.
brachiosaurus@mander.xyz 1 day ago
You can make a solar panel out of recycled materials or without destroying the planet