NUCLEAR - Don't bet on it!
The capital industry will not fund nuclear because of its widely known cost overruns.
In the US, legislation was passed to mandate that rate payers fund nuclear.
Nearly 47 years after construction began on the Bellefonte Nuclear Power Plant in Northeast Alabama, the Tennessee Valley Authority is giving up its construction permit for America's biggest unfinished nuclear plant and abandoning any plans to complete the twin-reactor facility.
In OHIO, nuclear was surrounded by bribery, corruption & a RICO trial.
Former chair of Ohio’s utility regulator indicted in nuclear bailout law scandal
Three years later: The fallout from SC's $9B nuclear fiasco continues
https://energycentral.com/.../three-years-later-fallout...
FROM: Eyre Peninsula Renewable Energy Initiatives
'A Cost of building Australia's future energy needs
Source: CSIRO
The latest modelling of all energy sources, released by CSIRO on Thursday, includes data from a recently scrapped project in the US that was showcasing nuclear small modular reactors (SMRs) as a way to fight climate change.
The latest modelling of all energy sources, released by CSIRO on Thursday, includes data from a recently scrapped project in the US that was showcasing nuclear small modular reactors (SMRs) as a way to fight climate change.
The draft GenCost 2023-24 report, out for consultation over summer, shows that while inflation pressures are easing there has been a recalculation on SMRs that puts them out of reach.
Real data on a high-profile six-reactor power plant in the US has confirmed that the contentious technology costs more than any energy consumer wants to pay.
Project costs for the Utah project were estimated at $18,200 per kilowatt, but the company has since disclosed a whopping capital cost of $31,100/kW, prompting its cancellation in November.
In contrast, under existing policies the cost of new offshore wind in Australia in 2023 would be $5545/kW (fixed) and $6856/kW (floating), while rooftop solar panels are calculated at a modest $1505/kW.
The GenCost report is an annual update of the costs of electricity generation, energy storage and hydrogen production, which attempts to build in the transmission and integration costs.
As a benchmark, the final report for 2024 will guide government and investor decisions about how to meet climate pledges and create the lowest-cost electricity grid for Australians.'
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