nuclear-news

The News That Matters about the Nuclear Industry

Thorium nuclear power is not going to be cheap

Windpower ,January 21, 2015 Paul Dvorak Most commentary on energy is really a commentary on the cost of energy……..In contrast, pick up an article about the promise of thorium nuclear reactors and you likely won’t see one dollar sign. What gives?  Thorium reactors may well be the power source of the future but the technology will cost something. But how much?

One way to answer the question is to Google it. A recent search pulled up this edited Best Answer from Yahoo:     Japan thinks it can make a thorium prototype reactor for $300 million. The UK estimates that the first thorium production plant would cost £1 billion. France has invested € 1 million investigating corrosion problems found when a test reactor in the U.S. was shut down in 1969 after four years of operation. Generally, it’s believed that $300 million would be enough for small thorium power plant.

We assume a small plant means about 200 MW.

Another way to get a handle on thorium-reactor costs would be to examine the cost of conventional reactors , such as the Vogtle units in Georgia….

The first two units are rated for a total of 2,400 MW. That is a large plant.

But during Vogtle’s construction, capital investment jumped from an estimated $660 million to $8.87 billion. Additional regulations and a redesign brought the jump in capital costs.

Unfortunately, the nuclear industry has a history and habit of building plants that cost much more than their original estimates. Even though lower construction costs are claimed as a thorium-reactor benefit, when the first cost figures for one make headlines multiply them by at least five for a better estimate. But you have awhile to wait.

For at least the next 10 years, natural gas and onshore wind-generated power will provide the least expensive, most reliable, and fastest-to-production source of power. http://www.windpowerengineering.com/policy/environmental/will-thorium-power-cheap-wind-power/

Advertisements

October 9, 2017 - Posted by | 2 WORLD, thorium

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: