I received a notice of a new MIT study entitled “The Future of Nuclear Energy in a Carbon-Constrained World” which looks at the technological, regulatory and economic changes required to make nuclear power viable again. A summary states
The findings are that new policy models and cost-cutting technologies would help nuclear play vital role in climate solutions. Progress in reducing carbon emissions requires a broad range of actions to effectively leverage nuclear energy.
However, nothing in the summary reveals the paradigm-shattering innovation that will be required to make nuclear power competitive with a diverse fleet of renewables plus storage that would achieve the same goals. The cost of a solar plant plus storage with today’s technology still costs less than a current technology nuclear plant. That alternative fleet would also provide better reliability by diversifying the generation sources through smaller plants and avoid any radiation contamination risk.
The nuclear industry must clearly demonstrate that it can get past the many hurdles that led to the recent cancellation of two projects in the southeast U.S. Reviving nuclear power will require more than fantasies about what might be.
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Yet more bad news for the nuclear power industry as at least 4 projects in Europe founder over excess cost overruns. https://www.greentechmedia.com/articles/read/wylfa-halt-sees-uk-nuclear-new-build-hopes-fade
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Richard, an interesting response.
Do you see a major “breakthrough” for this industry in the near future?
Dad
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No, the industry has been promising different types of “breakthroughs” for a couple of decades, and none has shown up. Instead we continue to see large cost overruns on top of already high cost estimates.
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