I'd love to see your sources for this. To the best of my knowledge it isn't even close and solar is several times cheaper that nuclear. They used to be more comparable a decade or two ago, but solar costs have dropped dramatically since then.
I'd love to see your sources for this. To the best of my knowledge it isn't even close and solar is several times cheaper that nuclear. They used to be more comparable a decade or two ago, but solar costs have dropped dramatically since then.
It heaviy depends on how you set up the comparison. If you look at most current energy markets and say "how can I make money with these rules" the answer is almost always build a small amount of renewables. If you say, how should a government invest to retire coal power and achieve a low and stable energy cost, then nuclear can be viable (in some places).
Do you have any specific studies in mind I may have missed?
This is usually missing in typical cost calculations for solar or wind.
Take the California grid, peak energy usage is 2x minimum. Nuclear plants are insanely costly when ran at 100%. Imagine running at much lower capacity factors. Say the peaking plants run at 50%, that means the cost for consumers would be ¢2.4-4/kWh. [1]
Logically this entails that if we can solve a nuclear grid then we can solve a renewable grid since they impose the very similar constraints on the grid operators.
[1]: https://www.lazard.com/research-insights/2023-levelized-cost...
Only if we build reactors in the modern way rather than like the French did in the 1970s. (The reasons why its so much more expensive are complex, but mostly a regulatory ratchet and an tolerance for risk so low that if applied to the rest of life we'd close down parks as too dangerous)
Nuclear (and construction in general) is a victim of the Baumol Effect https://en.wikipedia.org/wiki/Baumol_effect , where the cost of something increases over time if it does not see labor productivity improvement, simply because other sectors of the economy do see labor productivity improvement.
It's not just Baumol.