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Young climate activist tells Greenpeace to drop ‘old-fashioned’ anti-nuclear stance
(www.theguardian.com)
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this post was submitted on 30 Aug 2023
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Nuclear plants are immensely profitable, just not on time scales politicians are interested in. You're deep in the red for 10-20 years and then after that it prints money
So after 10-20 years of construction and cost overruns and 10-20 years of operating at a loss you start making money.
And that's assuming electricity rates don't drop in that time. Which they are as renewables get deployed more and more because they don't go 100% over budget in time and money.
If we get started building nuclear power plants now, how much will storage and transmission tech improve before they're even completed, let alone profitable?
It's not 10-20 years of construction AND 10-20 years at a loss, it's 10-20 years of construction at a loss. Not great, but up to 40 years as you suggest sounds a lot worse because it's a misrepresentation.
How long do you think it will take for a nuclear power plant to earn back the $34 billion it takes to build one? They're definitely not making that much money the first year the plant is online.