Even France, with one the most mature and well run nuclear power programs is concluding that the next wave of power investment makes more sense to make in renewables instead of nuclear.
I suspect we will solve our problems with renewables + storage (which are still rapidly declining in cost).
Flamanville, the first EPR in France, was schedule to start running in 2012 for a construction cost of 3.3 billion EUR. It is now expected to start producing electricity in 2020 for a construction cost of 10.9 billion EUR. Emphasis on expected...
https://www.technologyreview.com/s/612564/chinas-losing-its-...
The economic comparisons are ending up that Renewables and even Renewables+Storage is much lower to even costs, at a much lower risk profile. And if you watch energy company investments in renewable and divestment in nuclear projects - the companies studying the matter in detail seem to be choosing the same direction.
https://pris.iaea.org/PRIS/CountryStatistics/CountryDetails....
The originally proposed construction schedule for Flamanville 3 was 4.5 years. That was a very aggressive schedule. Even reactors completed before Chernobyl, e.g. Cruas 3, took more than 5 years:
https://pris.iaea.org/PRIS/CountryStatistics/ReactorDetails....
The most modern operating French reactor, Civaux 2 (construction started 1991), took 11 years:
https://pris.iaea.org/PRIS/CountryStatistics/ReactorDetails....
Generation III reactors like the EPR and AP1000 were supposed to be simultaneously faster to build and safer due to standardization and careful design. The actual experience of building EPR and AP1000 reactors has torpedoed the "faster" part of that justification. The troubled, prolonged builds have also killed the original lower cost projections.
At this point the the original cost and schedule estimates for EPR and AP1000 projects alike look so optimistic that they were basically fraudulent. These projects were troubled even before Fukushima aroused a new wave of anti-nuclear sentiment among the public.
I still believe the empirical evidence that nuclear power is a very safe way to generate electricity. I also believe the empirical evidence that nuclear reactors are expensive and slow to construct. "Generation IV will be safer and faster to build" -- ok, for a while I believed those same claims about Generation III. The next time I'll believe those claims about a new reactor design is after it has already entered commercial service.
https://www.bloomberg.com/news/articles/2018-12-10/french-po...
This conclusion from the same French agency has been the result since 2015, with prices of Renewable alternatives making that predicted result more and more solid.
How long till we solve renewable production/storage problems? How long to refine those solutions to the point where it takes 7.5 years to deploy the solar equivalent of the Bruce Nuclear Generating Station?
The time between then and now is the amount of years the world will be burning coal.
For bonus points, even if the cost were exactly the same per unit of power, do a cost analysis of which costs more to implement under the different project timelines, using different financing scenarios?
We should also spend a lot of money working on storage solutions, but with the planet at stake it doesn't seem smart to put all our eggs in that basket.
https://www.greentechmedia.com/articles/read/lightsource-sol...
https://www.energy-storage.news/news/jp-morgan-buys-into-10....
Costs are going down, but MSRs look a lot cheaper than conventional nuclear too, so if we're going to look to the future let's do it with both.
No, there isn't. A problem isn't solved until a solution has been fully implemented.
There is a difference between that and the time it takes to identify a solution in principle.