> Also got to kill the stupid environmentalists (only the stupid kind
It's always funny watching the pro-nuke crowd try to find who to blame for the current market drought.
Anyone who has any experience in the power industry knows precisely why this is occurring. Overnight CAPEX is too high, there's a decided lack of long-term funding available, and lifecycle costs keep cropping up, as this article points out. Worse, as we learned the hard way in the early 1970s, building very large plants has the effect of depressing the local spot price for power, which screws with your economic projections. So when one runs the numbers, nukes are simply too expensive and risky in a market of cheap wind and natural gas, both of which cost anywhere from 1/4 to 1/2 less than even the newest plants, can scale out across several orders of magnitude, and go from paper to electrons in about two years.
The big engineering firms are well aware of this problem, of course, and have been trying to design their way out of it for a couple of decades now. Unfortunately, no one fully agrees on what that solution is. As we learned yesterday, B&W's gamble on small reactors has ended, there's basically no ongoing research on lifters or fast reactors, and so we're left with what are basically updated versions of the same machines that we put in in the 1960s. Safer? Yes. Easier to build? Likely. Cheaper? No, actually, they cost about *four times* what they used to.
And that's what's killing nukes.
But for the True Believers, its all someone else's fault. In spite of denigrating a group of people who's greatest contribution to public debate is the whiff of patchouli, apparently the "stupid environmentalists" are apparently so effective they can wipe out the combined efforts of some of the largest engineering companies in the world, the largest government in the world, and the largest power industry in the world. Wow! If that's the case, maybe you shouldn't be insulting them in public!
Of course others realize the utter ridiculousness of the argument that "stupid environmentalists" are the cause of the nuke industries woes. So the point fingers at everyone else, from the big banks, to wall street in general, to the EPA, to other forms of power. It's very common to see nuke supporters talking about how bad everything else is.
Look, here's the bottom line: no one wants this overpriced product. That's why it's not being built. End of story.