Re:All Applications for Nuclear Energy at COP26 Rejected
by driest on Sunday October 31, 2021 @04:18AM
(#29055379)
You do realize that batteries are not the only method of energy storage? In fact, there are lots of better ways to store excess energy from renewables over longer periods of time, but power to gas was mentioned as an example that works everywhere, and can use abundant existing storage and distribution systems.
Lets add a reference to get some actual numbers to play with: The US Energy Information Administration has published a report reasoning about the levelized cost of electricity (LCOS) for new power plants of different energy sources [1]. According to page 8 of this report, the LCOS of one megawatt hour of nuclear energy is around 69 USD, while solar is around 33 USD and onshore wind is 37 USD.
If you factor in a 50% loss in converting the renewable energy to gas and back to electricity you end up in the same ball park as nuclear, but without the proliferation, safety, and waste problems.
[1] https://www.eia.gov/outlooks/aeo/pdf/electricity_generation....
Wind and solar aren't that much cheaper (or actually usually much more expensive), when you include the batteries that are required for them to operate as the entire grid. Right now they can only displace SOME not ALL of the energy generation of a country (unless you have huge natural resources of hydro or geothermal energy that can act as that base load). Nuclear is needed for that baseload, or tons and tons of batteries. Taken in that respect Nuclear is cheaper than solar and wind, for that purpose. Grids will eventually need to go somewhere around 80% solar/wind and 20% nuclear/geothermal/hydro (+/- 15%).