| If Amory Lovins had designed a nuclear reactor that would be unaffordable to build it would be https://en.wikipedia.org/wiki/EPR_(nuclear_reactor) You can make the case that regulation inflates the cost of nuclear power plants, and that's somewhat true, but the deep problem is the cost of the steam turbine and other facilities (e.g. heat exchangers) to accept energy at the low temperatures that the LWR works at. All of that is so big and expensive it would be hard to make the economics work even if you got the heat for free. A liquid metal fast reactor or a molten salt reactor or a high temperature gas cooled reactor could power a closed-cycle gas turbine https://www.osti.gov/servlets/purl/1221819 which would fit in the employee break room of the turbine house at a nuclear plant. Such a "fourth-generation" nuclear power plant might have compelling economics to build, but it's hard to believe anybody is going to start and finish an LWR outside of China. It's little appreciated that the cost of the steam turbine is what killed coal circa 1980. Once GE adapted aerospace turbines for low-capital cost power plants on the ground, it made no sense to build more thermal coal plants. In the late 1970s you see various attempts to save the coal industry, plausibly you could have gotten better capital costs pyrolyzing the coal and running the gas through a gas turbine. This kind of technology is making a comeback because it can be coupled with carbon storage to make CO2 free or CO2 negative energy. |
And now, instead of it taking a couple years to build with predictable timelines and approvals, you end up in decades long and impossible to predict legal fights that drag out construction; ruin any sort of economies of scale; and put everyone into a ‘meh’ state when it comes to actually getting anything done on a timeline. I know folks in Nuclear Engineering for some of the plants that literally have spent a decade plus generating paperwork and going in circles. Very, very, very well paid folks I might add.
A steam turbine doesn’t cost $5 billion dollars and 5 years per plant like these things do.