https://www.lazard.com/perspective/levelized-cost-of-energy-...
https://www.lazard.com/perspective/levelized-cost-of-energy-...
And now we're saying "well heck, gosh, maybe we don't even need nuclear power!" and to me, this sounds like an extension of the same protests, just in another form. But maybe I'm wrong. My view is: why not build both? We can find a use for the extra energy, I'm sure.
At the very least, it would be nice for somebody to say "yeah, we were trying to help the earth by fighting every effort to build nuclear, but we just ended up causing more coal power plants to be built, and now we're all in a lot of trouble, and it's at least partly because of that."
The problem with nuclear is that it is extremely expensive, 5x the price of renewables, and slow to build. For every dollar spent on nuclear energy today, we are prolonging the climate emergency.
We do need all the energy which is why building something expensive is bad idea. When could build multiple times as much power with renewables. If you want 100§ nuclear, then we can build 500§ wind and solar.
There will never be enough batteries and hydro storage in the world.
Do you have a source to back that up? An amount of storage that would be needed and what it isn't reachable?
Also, nuclear is so slow to build that we don’t know what storage will look like in the future. Nuclear is impeding against the unknown storage tech in 15 years.
Also, the PV can be arranged at an angle that maximizes production in winter rather than total annual production. This has the added benefit of allowing some sun to hit the ground in summer, so something can be grown there.
Also, we shouldn’t think of power regionally. Minnesota is good at wind, Arizona is good at solar, California and Texas are good at solar and wind. This will require more transmission lines but those are affordable compared to alternatives. We would need more transmission lines in all nuclear world.
Twenty five years ago we did have a country in EU that started this route. Denmark reached 100% capacity 10 years ago. At that point the interest to build more wind and solar drastically dropped. Imports (which are around 1/3 to 1/2 of consumption) of nuclear and hydro energy is critical to keep their gird operational, and their investments into wind and solar would not function without those imports.
We also have countries like France that relied on their nuclear power plants the last 25 years and are now in dire need to modernize their plants. We have Sweden which heavily relied on their hydro power plants and are now in dire need to replace and repair them unless multiple species end up extinct. We got Germany and others that depended on cheap fossil fuel, primarily with the plan to upgrade into green hydrogen some time in the future.
None of those strategies ended up being a winner and everyone is rushing for new strategies. In 25 years from now we will see which bets won, if any. Maybe it will be that undersea cable from north Africa. We don't know, through I expect all of them to be more expensive than the cheapest option.
In the Nordic countries, clean electricity is essentially a solved problem. The current mix of wind, hydro, and nuclear works well enough for now. Of course, the target is always moving. You can always do something better, and sometimes old solutions become obsolete. But right now, electricity generation is not a pressing issue. Heating, industrial processes, and transportation are more acute problems. Decarbonization of transportation is moving particularly slowly.
So there are a lot of costs that don't show up for the end user, and it's not a given that we'll be able to access the volume of material needed to transition to a clean energy future without nuclear energy in the mix.
From a total material requirement, nuclear is in line with solar and much worse than wind.
https://www.sciencedirect.com/science/article/pii/S095965262...
This is a common myth that just won't go away.
From 2019:
"A new report by the French Environment and Energy Management Agency (Ademe) shows that rare earth minerals are not widely used in solar energy and battery storage technologies."[0]
> like copper and rare earths, are quite dirty to produce, and often done in the global south
I'm from Australia. You say "Global South" like it's some kind of substitute for "poor countries".
I have very mixed feelings about mining, but it's pretty hard to argue against the idea that mining these exact minerals has made Australia one of the richest counties in the world, and the people working in those mines as some of the best paid "unskilled" labor on Earth[1][2].
[0] https://www.pv-magazine.com/2019/11/28/are-rare-earths-used-...
[1] https://en.wikipedia.org/wiki/List_of_countries_by_average_w...
[2] https://worldpopulationreview.com/country-rankings/median-in...
“Global South” is the currently used term for what was previously called “Developing Countries” and “Third World Countries” before that.
The global south is not equal to the geographical south, otherwise they could’ve just said the southern hemisphere.
According to Wikipedia[1], Australia is considered part of the “Global North”. It’s an economic label more than a geographic one.
[1] https://en.wikipedia.org/wiki/Global_North_and_Global_South
I actually think referring the development-challenged countries as “Less Developed Countries” and/or “Developing Countries” started when “Third World” still had its geopolitical alignment meaning (i.e., when “First World” and “Second World” were meaningful, and both also included countries that were behind the curve in economic development but aligned with the respective central power of the respective blocs), rather than the order you suggest.
However it was non-aligned nations that started using the term themselves in conjunction with poverty to highlight the issues they were facing. Although slightly different, Mao's "Three Worlds Theory" included China in the "Third World" as an "exploited nation" (whereas under purely political terms it was a "Second World" nation because of its communist government)
To quote Wikipedia: By the end of the 1960s, the idea of the Third World came to represent countries in Africa, Asia, and Latin America that were considered underdeveloped by the West based on a variety of characteristics (low economic development, low life expectancy, high rates of poverty and disease, etc.).
For example, I agree China was usually considered Third World but so was Cuba (despite being Soviet aligned).
And as far as I know Yugoslavia was never considered Third World despite it not being Soviet or US aligned.
I guess my argument is that whilst Third World initially was a political label is turned into an economic one so quickly that the political aspects were mostly ignored. Instead terms like "non-aligned block" were mostly used in the political sphere to designate what "Third World" originally meant.
It's not that we don't understand how the term is used. It's that we find the term very distasteful.
It's non-descriptive (since it really is supposed to be referring to less-economically developed countries) and entirely inaccurate in every way.
China, India, Mexico and all of Africa are considered "Global South" despite being north of the equator.
The only things they are south of are the US and Europe, which really says what this name is about. I think it really shows the US/Euro-centric thought process that came up with this name.
Iron nitride, of course, uses elements available in essentially unlimited amounts.
Probably only Russian planes that are allowed to land in EU are those that transfer nuclear fuel (to countries like Slovakia, Czech Republic or Hungary).
Mathematically: 1.44 billion metric tons of coal were shipped by sea in 2019, representing a need for 4.2x10^13 megajoules, or 11,667 terawatt-hours. Total global power output by solar panels in 2019 was 681 terawatt-hours (pg 24 in this pdf https://iea.blob.core.windows.net/assets/52f66a88-0b63-4ad2-...).
So you need to 20x global solar energy output and somehow spread most of that to countries that can’t afford or aren’t interested in building and maintaining huge solar plants. But they already have built and know how to maintain their coal plants. Zero-emission synthetic coal and gasoline are zero-friction drop-in upgrades that obviate the need for probably trillions of international investment and enormous political and diplomatic effort.
Alternatively, you could run the massive carbon capture plants on solar energy instead of nuclear, and still ship these “completely clean conventionals” worldwide. It would mean building 3x as many plants for the same output since they could only run during bright daylight hours. You could bring this 3x number down by instead building (once again commensurately massive) energy storage plants as an intermediary between the solar plants and the carbon capture plants, calculating the impact of all three in order to optimally balance generation, storage, and production.
There’s even a crude political/rhetorical argument: you don’t have to convince redneck hicks to sell their gas guzzling Hummer and buy a Prius. Likewise there’s no need to sanction holdout countries to force them to accept enormous globalist investments in order to build solar power plants in their country.
Finally, I would add this emphatically is a solution looking for a problem. I want to see nuclear power used because I believe it is currently being misrepresented by at least one or two orders magnitude due to regulation and subsidy differentials, and its usage at scale will reveal that discrepancy.
Any thermal engine is cooling away 40-80% of the energy. For coal it is about 60% to 70% depending on if the plant uses supercritical steam or not.
https://assets.weforum.org/editor/t61Gval6jNxKl0xG9POelafG3H...
“Alternatively, you could run the massive carbon capture plants on solar energy instead of nuclear, and still ship these “completely clean conventionals” worldwide. It would mean building 3x as many plants for the same output since they could only run during bright daylight hours. You could bring this 3x number down by instead building (once again commensurately massive) energy storage plants as an intermediary”
If you combined pumped storage and batteries with solar and wind it's roughly between 2/5ths and 3/5ths.
This ignores taxpayer shouldered insurance for nuclear power. If you price that accurately the cost of nuclear power balloons still further.
It's never been particularly cost effective but compared to dirt cheap renewables it's a veritable financial black hole. This is why EDF is currently imploding. It's why only countries that have nukes or really want the option to have nukes build civilian nuclear power plants.
Commercial nuclear is just ridiculously expensive for the capacity factor and energy produced. It’s not entirely without use, but best suited for where there are no other options (the Arctic, Antarctica, etc). It’s likely cheaper to burn natural gas for the last ~5% of generation needed when the grid is mostly zero carbon in a decade (based on renewables and battery storage ramp rates) and then suck that CO2 into the ground with excess renewables (that otherwise would’ve been curtailed) versus continuing to try to build nuclear (although I haven’t done the math).
https://reneweconomy.com.au/nuclear-inquiry-told-firmed-rene...
https://www.lazard.com/media/451881/lazards-levelized-cost-o...
https://spectrum.ieee.org/chinas-state-grid-corp-crushes-pow...
https://www.power-technology.com/features/chinas-mega-transm...
More importantly, we don't need to worry about storage now. Gas peaker plants will work until we get rid of all the other fossil fuel power plants. Then, storage should be cheaper since will know how to scale it. There is difference between short-term and long-term storage.
Finally, one solution to storage problem is build more supply. Three times will cover nearly every situation, and we will need extra power for doing hydrogen, carbon removal, and fuel generation. It is possible we won't need long-term storage and can use hydrogen or fuel.
Renewables have better unit economics than nuclear since fixed costs are spread over many, many more units. It sounds like better reactors need lots of research. More important is time, it takes ten years to build reactor while can order solar panels now. Probably can build a new solar panel plant and multiple solar installations in decade.
There does need to be economic incentive to over build. Someone, probably the government, will need to pay for carbon capture. May need to encourage hard-to-electrify industries to switch. But we have a while until that happens.
> When U.S. government subsidies are included, the cost of onshore wind and utility-scale solar continues to be competitive with the marginal cost of coal, nuclear and combined cycle gas generation
Which is a statement that it is financially better to build as much wind/solar as one can to replace fuel usage. IE as long as the output doesn't get curtailed, the economically rational decision is to build solar and wind now.
Of course there are some serious caveats as to why utilities do not do this: 1) they are not economically rational, in most markets they do not have greater profits with lower costs, and 2) this report is from 2021 and the cost of capital has risen somewhat due to higher interest rates. Nonetheless, wind, solar, and batteries dominate what is planned to be added to the grid in 2023:
https://www.power-eng.com/solar/eia-solar-to-make-up-more-th...
One thing to note is how incredibly dangerous construction was in the past, including during the first nuclear rollout. The rate of deaths among construction workers was something like a factor of 5 higher in the 1960s as it is now. Did construction become more expensive because these deaths were deemed unacceptable? If so, you're not going to see cheaper nuclear without great relaxation of worker safety rules.
You can also see that if you also want power when it isn't sunny (or windy if using windmills) you need to add in the cost of utility grade storage which noticeably increases the costs.
https://en.wikipedia.org/wiki/Price%E2%80%93Anderson_Nuclear...
The amortized capital costs are so high that many of these plants get shut down because they lose money. The HN pro-nuclear response is of course always “well, if we didn’t have [regulation] or could build some new nuclear tech everything would be awesome”.
Renewables are cheaper and safer than nuclear power, that much is undeniable. The problem they do have is that their generation is sporadic. Until we solve the energy storage problem, there has to be something else on the grid that can be always online always delivering enough power to meet peak demand.
Let us say you run a peaking nuclear plant. It can run for 30% of the time, optimistically. It now costs ~3x the price, so $390 to $600 per MWh. That's insane energy prices. Worse than Europe in a haphazard energy transition from Russian gas due to the largest war in Europe since WW2 breaking out.
Wind can probably do the same today, and we have plenty in Washington and adjacent Oregon. Though I’m sure unsure if they are actually storing excess grid capacity via hydro right now.
Nuclear has high CAPEX and high OPEX. Nuclear plants have lots of employees and maintenance on an irradiated nuclear reactor is expensive.
What they have is low fuel costs.
Nuclear has not scaled because scaling requires fast iterative development cycles that allow learnings that decrease cost. Because nuclear plants are enormous you can only build a few at a time and design changes are super risky because billions of dollars are at stake.
An R&D line for solar cells is cheap to run and enables rapid cost efficiency.
Batteries are even easier to scale at the moment because we are nowhere near the theoretical limits of those technologies and it's easy for material chemists to experiment with new ideas for only a few thousand dollars.
Today it may seem like there is a case for nuclear, but in ten years even existing nuclear plants will be uneconomical because electricity will be zero cost while the sun is out. Instead of being able to sell their power 24 hours a day they will only make money for a declining part of the day. This profitable period will continue to shrink as batteries get cheaper allowing for the arbitrage of electricity stored while the sun is out. This financial reality is the real reason no one will ever build another nuclear plant in the US.
From a total material requirement, nuclear is in line with solar and much worse than wind.
https://www.sciencedirect.com/science/article/pii/S095965262...