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Wishful thinking: the basis of new nuclear economics

GreenWorld

Generation IV reactors are not going to save the nuclear power industry. Generation IV reactors are not going to save the nuclear power industry.

That nuclear power’s miserable economics are pretty much killing the industry, especially in the western world, is a reality acknowledged by virtually everyone at this point. After the first burst of reactor construction from the late 1960s until the early 1980s collapsed under the weight of multi-billion dollar cost overruns and lengthy schedule delays, a decade ago the industry argued it had learned and incorporated its lessons and the result would be a nuclear renaissance.

But before even a single reactor launched by this renaissance has begun operating (for a “renaissance that began more than a decade ago, this in itself is a telling point), bloated, untenable costs and delays from Georgia to Finland have again put the kibosh on the notion of any meaningful nuclear expansion in the west. And even in China, where transparency in economic…

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March 29, 2016 - Posted by | Uncategorized

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