this post was submitted on 09 Nov 2023
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Yup, it’s hard to predict what the mix will look like, but 100% solar would be a very costly solution for sure.
I used to be very pro nuclear, and I still think it could have been a big piece of the puzzle, but I do worry we’ve missed the boat, it could’ve been the first wave of decarbonisation 20 (or more) years ago, I’m not sure how well it can compete growing from almost nothing now with the renewables eating all the easy money. nuclear plants need to run 100% to be successful, and renewables have dropped a bomb on the concept of baseline demand. Maybe as we kill gas we’ll have to start giving massive bonuses to on demand power that isn’t pumping co2, but the absolute lid on that market is the price of storage, which is high enough now, but will drop, it’s unclear how long the gap for nuclear will exist there.
Certainly willing to be wrong though, there’s lots of unknowns with nuclear, quite possibly it could be multiple times cheaper if only we’d invest into it properly.