this post was submitted on 21 Mar 2024
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Nuclear power is still the most expensive way to produce electricity by a large margin.
It is not.
And there is no large margin.
Referencing several sources that consider a vast array of power generation technologies, from offshore wind to biomass, terrestrial wind, solar, gas, coal and nuclear, and nuclear energy has high start up costs and it's also not the cheapest per megawatt of power. It's basically middle of the road on most of the stats I've seen.
Solar, by comparison, has had a much higher LCOE as recently as 5-10 years ago. Most power construction projects take longer than that to plan and build, then operate for decades. Until the last few years, solar hasn't even be a competitor compared to other options.
Beyond direct cost nuclear has been one of very few green energy sources, the nuclear materials are contained and safely disposed of. Unless there's a serious disaster, it's one of the most ecologically friendly forms of energy. The only sources better are hydroelectric, and geothermal. The only "waste" from nuclear is literal steam, and some limited nuclear waste product. A miniscule amount compared to the energy produced.
Last time I checked, all of the nuclear waste that's ever been produced can fit in an area the size of a football field, with room to spare. For all the energy produced, it's very small.
Yet, because of stuff like Chernobyl and Fukushima, everyone seems to hate it.
I live in Ontario, Canada, our entire power infrastructure is hydroelectric and nuclear. I'm proud of that.
Nuclear isn't the demon that people believe it is.
No. And pretending it is longer for solar is false too. https://www.lazard.com/media/2ozoovyg/lazards-lcoeplus-april-2023.pdf
Thanks, that LCOE reference shows that nuclear is on par with several other technologies.
It thoroughly disproves the point that it is more expensive "by a large margin". At most it's a bit more costly than some things, but it's also not far off from some other options, so it's definitely not expensive... At least not by a large margin.