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by loeg
463 days ago
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This is a pretty bad faith comment. There are lots of wind and solar advocates completely glossing over the difference between nameplate generation capacity (maximum capacity) and intermittency and the value of an intermittent source in the market (marginal rate payment schemes vastly overvalue intermittent sources). That doesn't make it ok for nuclear advocates to do the same, but your portrayal of nuclear advocates as uniquely biased is inaccurate. I agree with you that Jigar Shah knows what he's talking about and is worth listening to, but disagree that he is some magical thinker wishful optimist about nuclear in particular. He would say that basically, by the time you include the cost of additional gas generation (which is like, fully supply-chain constrained through 2030+) and battery storage, everything costs more than $100/MWh and nuclear looks competitive, even at Vogtle 3/4 prices and especially with some experience curve effects. |
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https://www.sciencedirect.com/science/article/abs/pii/S03014...
At the same time storage is absolutely plummeting in price with the latest auctions in China landing on $63/kWh serviced for 20 years.
Then we have comprehensive grid modeling:
See the recent study on Denmark which found that nuclear power needs to come down 85% in cost to be competitive with renewables when looking into total system costs for a fully decarbonized grid, due to both options requiring flexibility to meet the grid load.
> Focusing on the case of Denmark, this article investigates a future fully sector-coupled energy system in a carbon-neutral society and compares the operation and costs of renewables and nuclear-based energy systems.
> The study finds that investments in flexibility in the electricity supply are needed in both systems due to the constant production pattern of nuclear and the variability of renewable energy sources.
> However, the scenario with high nuclear implementation is 1.2 billion EUR more expensive annually compared to a scenario only based on renewables, with all systems completely balancing supply and demand across all energy sectors in every hour.
> For nuclear power to be cost competitive with renewables an investment cost of 1.55 MEUR/MW must be achieved, which is substantially below any cost projection for nuclear power.
https://www.sciencedirect.com/science/article/pii/S030626192...
Or the same for Australia if you went a more sunny locale finding that renewables ends up with a grid costing less than half of "best case nth of a kind nuclear power":
https://www.csiro.au/-/media/Energy/GenCost/GenCost2024-25Co...