Re:Michigan could provide $300M to reopen nuclear power plant
by Schroedingersat on Tuesday April 18, 2023 @02:18AM
(#35610551)
Energy and emissions wise it's still fine even using a filthy open pit mine fuelled by coal and diesel in Nigeria.
An order of magnitude worse than the shills claim, but still fine.
Much worse for locals than imaginary cobalt mines for LFP batteries though.
Nuclear has never been economically viable. It's been subsidized, enormously, for close to a century as the stepchild of the "defense" nuclear weapon and propulsion industries. It continues to get more expensive, whereas wind/solar/energy storage are plunging in cost.
Nuclear would also still require energy storage because it can only fulfill base load; nuclear takes days to change power levels, and running at anything other than full capacity drastically impacts its economic viability.
You can point to research all you like. US power companies are buying wind, solar, and energy storage. Not only are they not buying nuclear, they're shutting down plants because they are not economically viable.
It's funny how HN is all "free market!" when it comes to things like renewables and decarbonizing transit (ie "why muh tax dollars going to this?!")...but nobody seems to acknowledge that the nuclear industry is massively subsidized and Biden is proposing throwing billions more at the industry because of lobbying.
Also, that paper was published four years ago, which means it was based on even older data, and the cost of renewables and energy storage is plunging while nuclear goes up in cost...