If we hope to go 100% renewable, storage is a key piece of that puzzle.
Much of the pumped hydro that exists today was built to handle excess nuclear.
Furthermore, too much energy is a far easier problem to solve than too little energy. People can desalinate water, or do any other energy intensive things.
Economically? Load following with nuclear power means an even worse business case than running at 100% 24/7. And nuclear power is already a laughably bad business case when running at 100%.
Economically? Load following with nuclear power means an even worse business case than running at 100% 24/7. And nuclear power is already a laughably bad business case when running at 100%.
Nuclear is a bad business case compared to a fossil fuel grid. Solar and wind backed by fossil fuels are a better business choice, too. But when it comes to a fossil-fuel free grid, it's the only viable option if you don't have a big source of hydropower nearby. Batteries can't deliver the required storage capacity. Remember, the world uses 60,000 GWh of electricity per day. And as transportation and industrial uses of fossil fuels are electrified, that'll increase.
Hydroelectric storage is the only grid-scale energy storage system available to us, and it's geographically dependent. And the places that are suitable for hydroelectric storage usually don't need it because they can just generate electricity via hydropower anyway. Until your hypothetical breakthrough in power-to-gas or giant flywheels actually happens, this is the state of grid storage.
You have a baseload. That's basically the minimum load that always exists. You don't have to worry about selling the power, it's already sold. And then you have peak. Both of these are time / weather dependent but we're still quite able to plan days, if not weeks and months, in advance for what those two values will be. As an example, let's get back to the original topic of the article.
If you're Google and you have a particular datacenter at a location, you know what that baseload is. You know what the peak is. It's a pretty simple calculation to figure out what is most cost-effective here. It's probably even easier for you than the local power company, as base and peak loads likely don't fluctuate much for you outside of HVAC keeping up with weather. It might be to use nuclear for just base load and use the local grid for the rest. It might be to over-produce occasionally because that's still cheaper than buying from the local system operator. Hell, you can probably sell any access, but that's more of a problem than most people think.
But the point is nuclear is king when it comes to baseload power supply. And a datacenter, which consumes a lot of power consistently, is almost entirely baseload.
And power plants having individual finances in the first place is a policy choice, not a law of nature.
If you find cryptocurrency mining objectionable for some reason, you could apply the same basic principle to things like aluminum refining or desalination.