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First planned small nuclear reactor plant in the US has been canceled
(arstechnica.com)
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this post was submitted on 09 Nov 2023
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Well, who would have thunk? Expensive nuclear energy is not viable, if holding a blue sheet of sand towards the sky produces power for like half the price.
If it was a matter of half the price then nuclear would be the clear winner. Paying double to get stable power rather than variable power is currently a clear win.
Nuclear has a lot of baggage on top of being more costly (eg public fears, taking a lot longer to get running, building up big debts before producing anything, and having a higher cost risk due to such limited recent production), if it was just a simple “pay twice the price and you never need to worry about the grid scale storage” then nuclear would be everywhere.
The SMNR format suffers from being small and therefore difficult to be cost effective and that renewables are 4 times as cheap. Not easy to make money in this environment. https://cleantechnica.com/2023/11/06/nuclear-energy-free-market-capitalism-arent-compatible/
Yeah, one justification I’d heard was that it was a cheap and low risk way to revive the industry enough for bigger projects, but I’m not sure that’s particularly compelling.
Sounds like a very expensive argument to invest billions on the hope that something might happen 😬. Hope it’s not my money.
Yes, but also literally every industry starts that way. Start small and scale up. Nuclear’s special because we did it once and then almost completely stopped building them globally for so long that the capability faded away.
The tech shifted in the meantime, so even the knowledge that was preserved is for designs we wouldn’t want to build today.
It’s a weird situation.