nuclear-news

Nuclear power won’t kill renewables – quite the reverse

Roger Sowell , Sowell’s Law Blog 22 July 15   “……I would not anticipate the nuclear power industry being able to kill renewable energy, in fact, quite the opposite is very likely to occur. Most forms of renewable energy have a decreasing unit cost over time, most especially wind turbines over the past decade. Meanwhile, nuclear-based power has an increasing unit cost. The only examples I can find where nuclear power plants can be built for approximately $4,000 per kW are those countries where labor rates are still very cheap, such as China.

But, labor costs increase over time so that small advantage will disappear. Finally, the grid-storage problem has been solved technically, with under-sea storage and hydroelectric power as described by MIT. As offshore wind-turbines decline in installed cost, and the under-sea storage costs also decline with experience, truly sustainable and inexhaustible clean power on demand will finally exist. The electricity may not be too cheap to meter (the big lie of nuclear power), but it will be relatively cheap and not subject to price increases due to fuel availability.  http://sowellslawblog.blogspot.com.au/

July 22, 2015 - Posted by Christina Macpherson | 2 WORLD, business and costs