Continuing to operate nuclear plants that we’ve already paid for and are on the hook for decommissioning costs is perfectly sensible. Building new ones is what isn’t.
There’s lots of newer designs we could use, but they’re still not going to be economically viable. A new nuclear plant isn’t about today, it needs to be viable over its expected lifespan: around 2036 to 2076.
The fancy new designs aren’t up against today’s batteries. They’re up against 2040’s batteries, and they can’t compete. For the price of a new nuclear plant, we’ll be able to buy those massive battery farms and have money left over. Not today maybe, but a new reactor isn’t going to start feeding power into the grid for ten years or so, so it’ll need to compete with 2036’s battery prices on day one and it’s only going to get worse from there.
Continuing to operate nuclear plants that we’ve already paid for and are on the hook for decommissioning costs is perfectly sensible. Building new ones is what isn’t.
There’s lots of newer designs we could use, but they’re still not going to be economically viable. A new nuclear plant isn’t about today, it needs to be viable over its expected lifespan: around 2036 to 2076.
The fancy new designs aren’t up against today’s batteries. They’re up against 2040’s batteries, and they can’t compete. For the price of a new nuclear plant, we’ll be able to buy those massive battery farms and have money left over. Not today maybe, but a new reactor isn’t going to start feeding power into the grid for ten years or so, so it’ll need to compete with 2036’s battery prices on day one and it’s only going to get worse from there.