One Reason I Don't Like Nuclear Energy 11 March 2021 at 6:22PM in Green & ethical MoneySaving 4 replies 181 views

NigeWick

"analysts and others have issued inaccurate estimates of the levelized costs of electricity (LCOE) for coal, natural gas and hydro power plants which are used to direct trillions in investment, creating a growing global financial bubble around conventional power plants with dynamics that are similar to the subprime mortgage housing bubble that led to the Great Recession."
I borrowed this from the latest Tony Seba information package. Coal is already nearly dead, gas isn't far behind and even hydro power is allegedly (I believe him) going to be affected by falling wind, solar and storage costs.

What the graph is saying is that the estimated output for conventional energy generation by TPTB is constant. The actual output is shown to be going down and will continue to do so.

What do you people think?

Coastalwatch

That's a damning case for Nuclear going forward if it proves to be correct. Presumably the figures upto 2020 can be referenced somewhere, while I'd love to know what the figures beyond are based upon?

Could prove mighty helpful in resisting new builds of nuclear around the country!

NigeWick

Coastalwatch said:

That's a damning case for Nuclear going forward if it proves to be correct. Presumably the figures upto 2020 can be referenced somewhere, while I'd love to know what the figures beyond are based upon?

Could prove mighty helpful in resisting new builds of nuclear around the country!

Obviously, this is the American case but I'll wager it will be similar everywhere. I've been following what Tony Seba has to say and he's been spot on so far.
https://www.youtube.com/watch?v=udJJ7n_Ryjg&ab_channel=RethinkX

ed110220

Another interesting graphic showing the evolution of nuclear power over the past 10 years or so:-

Nuclear generated 97 TWh more in 2019 than 2009. Non-hydro renewables generated 2169 TWh more (more than 22 times as much!). Unfortunately gas and coal increased by nearly as much. For comparison the UK's electricity supply was about 262 TWh in 2019.
Nuclear is simply too expensive, too slow to build and too financially risky (high risk of major delays or cost overruns causing unwillingness of banks etc to lend for its construction, or demanding excessive interest rates).

EVandPV

Here's another reason.
(Excellent tv series btw, if anyone hasn't yet seen it.)

https://youtu.be/s9APLXM9Ei8