Walney is a new nameplate 588MW offshore wind farm; it will average close to the same delivered energy and cost $3B.[1]
If Terrapower can actually deliver at roughly those costs, they might make a real contribution to our energy future.
Walney is a new nameplate 588MW offshore wind farm; it will average close to the same delivered energy and cost $3B.[1]
If Terrapower can actually deliver at roughly those costs, they might make a real contribution to our energy future.
Meanwhile off shore wind (which is typically steadier than onshore), continues to fall In cost at a fairly quick pace.
There's a recent Dogger Bank contract for 3.6GW at $9B [1], which is about $2500/kW compared to $5200kW for the Walney project you link, and $2900 for Terrapower's plans. Of course, a wind kW of capacity is not equivalent to a kW of nuclear, but with another 10 years of development I wonder just how cheap offshore wind will be if in 5-10 years it has already fallen by 50% in cost.
[1] https://www.renewablesnow.com/news/sse-equinor-eye-fid-for-3...
I think that's the problem we ran into here in California. As we've decommissioned nuclear and natty plants we've replaced much of that capacity with wind and solar. Then you end up in the situation we had a week ago: power consumption peaks around 6pm when solar is ebbing. If that happens in conjunction with a period of low winds, there's a very thin margin of error and in some cases you have blackouts.
https://cleantechnica.com/2020/08/27/no-renewables-did-not-c...
Real grids are much more complicated than you'd think.
Regarding costs of various plants, usually you calculate it as an average per kWh, which is still not quite right as dispatchable is worth more than non-dispatchable. (And yes, you can have renewable dispatchable.) If you compare those figures across technologies and locations, tread carefully, it is really easy to come to the wrong conclusions. For instance, you might be comparing theoretically estimated numbers with (somewhat old) real-world averages.
[1]: https://www.sacbee.com/news/local/environment/article2451155...
[1] - https://energynumbers.info/uk-offshore-wind-capacity-factors
Of course managing intermittence is not easy and free, but nobody is talking about a 100% wind-power grid, and the current installations can absorb a fair amount of intermittence with extra investment... And wind and solar are becoming so cheap that you have a lot of space to pay for managing intermittence - that can be using differently the current installations, developing a demand-response market, and doing some thermal and electrical storage...
[1] see for example https://www.eia.gov/electricity/monthly/epm_table_grapher.ph... keeping in mind the average capacity factor include older equipment with low capacity factor... and that offshore wind is "just starting"