https://quillette.com/2022/01/27/why-environmentalists-pose-...
Nuclear has a place to do what the French did, massive subsidies to achieve a national security motivated energy independence. With renewables at the fore front that argument does not exist anymore. Now nuclear only exists to share an industry base with naval reactors in submarines.
Contrast that to any other kind of power generation, and the regulatory uncertainty alone is enough to sink any interest in spending a large amount of money up-front on something so uncertain.
> By the mid-1970s it became clear that nuclear power would not grow nearly as quickly as once believed. Cost overruns were sometimes a factor of ten above original industry estimates, and became a major problem. For the 75 nuclear power reactors built from 1966 to 1977, cost overruns averaged 207 percent. Opposition and problems were galvanized by the Three Mile Island accident in 1979.[48]
> Of the 253 nuclear power reactors originally ordered in the United States from 1953 to 2008, 48 percent were canceled, 11 percent were prematurely shut down, 14 percent experienced at least a one-year-or-more outage, and 27 percent are operating without having a year-plus outage. Thus, only about one fourth of those ordered, or about half of those completed, are still operating and have proved relatively reliable.[53]
https://en.wikipedia.org/wiki/Nuclear_power_in_the_United_St...
As said, the only enemy nuclear faces is it's own economics.
Ah yes, the magical private capital, we should trust in it's infinite wisdom and do no national policy or planning ourselves.
Thats why the greatest infrastructure projects, like tbe hoover damn or interstate highway system, or Netherland barrier system for holding back the sea, are all private capital, right?
The auctions for off shore leases for wind power are getting up into nuclear power range. This does not include the constructions of them. The capital exists, it simply seeks alternatives which can actually bring a profit.
"New York Bight Offshore Wind Lease Auction Smashes Offshore Energy Record with $4.37 Billion in High Bids"
https://gcaptain.com/new-york-bight-offshore-wind-lease-auct...
Good luck trying to auction the possibility of building a nuclear plant.
Yeah private capital is great at cookie-cutter projects, like buying factory-made pre-built windturbines or solar panels and operating them, this a low-risk operation and every bean-counter can model it's profitability in excell. But when it comes to developing new types of solar panels and suddenly without government research dollars there is zilch.
It is also nowhere to be seen when we need actually risky and difficult projects like build a massive hydroelectric damn or multi-gigawatt power storage which will be required to support these renewables. It is nowhere to be seen in Tidal and Geothermal, which you can't buy premade from a factory in China. It is also useless in keeping reserves of grain, gas, or any other critical resource.
So why should anyone take seriouslty this point about private capital if it only contributes in areas of least concern?
If the human race was sitting around for private capital, we'd have gone extinc by now.
> As of Oct. 2021, ERCOT had about 1100 MW of grid-connected battery storage in service with a pipeline of 4,000 MW by March 2023.
https://www.power-eng.com/energy-storage/batteries/texas-add...
The point is that nuclear is not risky or difficult. It is simply awfully inefficient.
The risky nuclear move, which states should take, is investigating the possibility of supercritical CO2 turbines and similar technologies. That is to get away from the dead end of boiling water into a steam turbine which haven't have not been economical for 40 years.
First steam turbines was out competed by gas turbines and now gas turbines themselves are having a hard time competing with the solid state components of PV or an axle right into a generator for wind turbines.
Turns out environmentalists of the 20th century are directly responsible for global warming.
But as airplane crashes became rarer the more we flew, so will nuclear accidents the more we build and use nuclear power plants. The ones we have are a very old and early technologuy.
The French famously had some negative learning by doing in their nuclear build out.
> The French nuclear case illustrates the perils of the assumption of robust learning effects resulting in lowered costs over time in the scale-up of large-scale, complex new energy supply technologies. The uncertainties in anticipated learning effects of new technologies might be much larger that often assumed, including also cases of “negative learning” in which specific costs increase rather than decrease with accumulated experience.
https://www.sciencedirect.com/science/article/abs/pii/S03014...
So how do we reduce gas use the most, building $X Billion nuclear or $X Billion solar, wind and batteries? The expert consensus is the latter.
Where can this expert consensus be found? I don't think this is accurate
A readable summary of the latest info is "Electrify": https://www.rewiringamerica.org/electrify-the-book