New research shows renewables are more profitable than nuclear power
New research shows renewables are more profitable than nuclear power
In a recent study, researchers from the European Environmental Bureau (EEB), the Stockholm School of Economics (SSE), and the Potsdam Institute for Climate Impact Research (PIK) questioned the planned development of new nuclear capacities in the energy strategies of the United States and certain Eur...
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K, but this isn't about profits. This is about not destroying the environment, which nuclear can help with (you know if nobody bombs the plant)
But it's also about cost. Nuclear is far more expensive upfront, more expensive to maintain, and more expensive to decommission. Cheap, agile renewables will be an easier option for the vast majority of the planet
We would be really stupid to worry about money when trying to save the planet. But, what did I know, I'm just some guy on the internet
Financiers tend to worry about money, yes.
First option: a wind/solar plant with costs that aren't going to increase substantially, power being sold within a couple of years therefore repayments will begin quickly.
Second option: a nuclear proposal - massive costs upfront, that will inevitably skyrocket while the completion date slips and slips, and power being sold 10-15 year in the future so repayments are a long way off.
It's not a difficult choice.
If your argument is that we should nationalize the energy sector so government can get involved more directly to mitigate financing issues, sure. We both know that's not going to happen.
How does one provide power when the renewables don't provide enough power (nights, etc)? Our current solution is natural gas. Nuclear is a huge step up as a carbon-free provider.
Storage, there are many options. Pumped hydro is great for places with elevation change, molten salt is great for desert climates. Batteries, green hydrogen, compressed gas, etc.
We've been storing energy for thousands of years. It's not difficult in the way nuclear fusion, SMRs, or thorium are difficult.
We're also moving towards EVs. I'd like to see investment in using a fleet of connected EVs as a giant battery. Your energy company can pay you for making 10-15% of your EV battery available for grid storage and you can opt out if you need that extra range for a trip.
The article talks about the coming droughts and water shortages. Pumped hydro is nice, if you have water.
There's evaporation, which can be mitigated by floating solar panels, but pumped hydro is a closed system, it doesn't consume water.
The largest battery on the planet would power my workplace for less than two hours- if it could meet the instant demand, which it cannot.
I'm all for energy storage, but I realise there's a lot of work to do.
1,200MW isn't enough? Where do you work?
Why do you think batteries can't meet instant demand? That's kind of their whole thing.
We draw a very consistent 950MW, 24hrs a day.
The battery you linked, if it goes ahead, will max out delivery at 400MW, which it can sustain for 3 hours before its 1200MWh storage is exhausted.
Batteries can deliver power instantly, but not beyond their max output.
There's heaps of interest and proposals, and I hope they go ahead. But there's a lot of work to do.
We draw a very consistent 950MW, 24hrs a day.
Right, but you realize that's far from typical for a workplace?
Everything is about profits. Otherwise we wouldn't even be in this mess.
Ah, yes, love my last vacations in chernobyl