| > The other real world options we have for baseload power on this scale are fossil fuels, primarily coal. Sure, but... will this be the same in 10 years? 20? 50? Within merely the past 3 years, the amount of battery energy storage has expanded by a few orders of magnitude. Because when you build a nuclear power plant, it takes a minimum of a decade to go from on paper to operation, and the operational life, which pays off the capex at the beginning, is hopefully, at least 50. Nuclear power isn't agile. It has poor reactivity to future market changes. It costs billions to get up and running, and isn't modular. You can't commission it in 100MW increments. A solar power plant requires a dozen handy men and a couple of electrical engineers to maintain, a nuclear power plant requires a few dozen nuclear engineers. Solar power doesn't have publicly socialized decommissioning or waste storage costs. I'm not trying to tell you nuclear doesn't have a future. What I am saying, with the likes of Tesla Energy and the rise in solar + battery storage, is that the energy grid is in for turbulent times in the next few decades. This makes the economics of nuclear questionable - we don't know if it is going to be economically viable in a few decades. If I had $10b? I wouldn't touch the nuclear energy sector, personally. |
One of my primary concerns with nuclear power is that it's very much dependent on the actual order of things carrying on as usual, meaning stable Governments, skilled technicians available etc. What would have happened if Syria (a secular state until not that long ago) had had civilian nuclear plants? Answer: they would most probably have fallen under the hands of either ISIS or an Al-Qaida offshoot. We had the same issue after the Soviet Union collapsed. Had the political uncertainty and power vacuum continued for much longer into the '90s then nobody knows what could have happened to their civil nuclear plants.