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Bill Gates-backed nuclear contender Terra Power aims to build dozens of UK reactors::A Bill Gates-backed clean energy player is hoping to build dozens of nuclear reactors in the UK and will compete with global rivals.
Nuclear has never been competitive in terms of cost against the alternatives, first coal and gas, now renewables. In fact, nuclear is only getting more expensive. I really don’t understand why you want to pay more for power than is necessary. I don’t.
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Well, the idea is to save the planet.
But it’s a waste of resources, remember money is a token used to distribute production potential and reconsider it - all those people and resources could be allocated to other more efficient projects.
Nuclear in twenty years or solar, wind, trains, more efficiently insulated buildings, localized and ecologically sustainable infrastructure and industry before the end of the decade?
Get those tokens elsewhere IMO we should go for Both nuclear And renewables. We are not alone in the west.
We need to compare the cost of nuclear against firm renewables, including storage (developing technology) and long-distance transmission (location-dependent political/technical challenges).
Comparing against coal and gas is meaningless unless we include the atmospheric cleanup costs.
In places where this has been studied extensively renewables with storage are still the cheapest by a long way. Australia has the whole state of South Australia (plus Tasmania) as a test case. SA has transitioned to almost 100% renewable supply in under a decade.
We have a cost effective, distributed, redundant, easy to build solution. SMRs are not proven in cost or reliability. They should be studied and trialed, but not at the expense of acting responsibly today.