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by manfredo
1943 days ago
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Nuclear's non-intermittency is why it wind in the long run. Once intermittent sources fulfill demand during peak production hours, the actual cost of adding each usable watt goes up dramatically. If your goal is to run a primarily fossil fuel grid, supplemented by renewables that's fine. That's what Germany is doing. But if your goal is to actually eliminate carbon emissions, you need to factor in the cost of storage. And there really no feasible plan of storing the amount of energy required at the moment. If your goal is to actually eliminate carbon emissions, nuclear presents a much more realistic option. We keep celebrating Germany, but in reality their carbon emissions per KWh of electricity is not actually very good. It is worse than Britain. And it's ~7x worse than it's neighborhood to the west, which we tend to ignore for some reason. |
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The ideal plan for nuclear is to pump out power at 100% 24/7. You save nothing by being idle, and you want to pay off your loan as soon as possible.
All that goes to hell once cheap renewables show up, because the moment wind or solar can sell power cheaper, a rational person would buy it from renewables. Which means that if the sun is shining, you're either not selling at all, or selling much less or cheaper than you'd like to. And so your loans now get repaid much later.
At some point a bank looks at that and figures that the proposition of maybe making a profit 30 years in the future isn't that great of a deal. That's a long time, for all the bank knows, solar might be dirt cheap by then and kill nuclear for good before it gets to making a profit. Probably better to put billions to some safer use.
Politically it's not a lot better -- nuclear costs $$$, and takes a long time to build, which means that if you're the one who got the country into nuclear on a large scale you can't really expect to see a benefit within your term. Worst case it goes wrong and is an expensive boondoggle, which doesn't bode well for reelection.
Nuclear may make sense if you think "emissions are paramount, screw money". But there's not a lot of people who'd be willing or even able to risk billions in such a manner.