And you would be running 10-20 years of gas and coal power plants in addition to the renewables if you’re not in a suitable area for hydro because suitable grid scale energy storage solutions literally don’t exist. Maybe they will in 10-20 years, but would you bet on a maybe or go with nuclear which we know will work as a baseload?
Considering nuclear plants consistently go tremendously over budget, budget that could be used on renewables, and how quickly renewables are improving, I would take that bet in a heartbeat.
And you would be running 10-20 years of gas and coal power plants in addition to the renewables if you’re not in a suitable area for hydro because suitable grid scale energy storage solutions literally don’t exist. Maybe they will in 10-20 years, but would you bet on a maybe or go with nuclear which we know will work as a baseload?
Considering nuclear plants consistently go tremendously over budget, budget that could be used on renewables, and how quickly renewables are improving, I would take that bet in a heartbeat.
For reference, here’s a graph comparing the cost per megawatt hour over cost per installed capacity from 2010-2019. Solar is now 1/5th what it was 10 years ago, onshore wind is half, and offshore wind is down by 25%.
The cost of nuclear power in that time has increased by more than 50%.
I would much rather invest in something that’s showing improvements in cost and technology than Cold War white elephants.