this post was submitted on 20 Nov 2024
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There is really no reliable way to calculate the long-term costs for solar and wind because production is dependent on international supply chains and international energy prices. Even fossil fuels can prove pricier than expected over time due to supply shocks (like what Germany experienced in 2022-today).
Often the transmission lines and opportunity cost of so much land usage isn't included in the LCOE of renewable. You also can't run certain important industries on unreliable energy sources like solar and wind. Even being initially long to build and pricey, nuclear is the best investment to ensure uninterrupted, invariable baseload power for a very long time.
The US builds plants rather idiosyncratically, instead of using a standardized cookie-cutter model, and the sector is overregulated. In Japan and China, nuclear plants take only a few months longer than gas-powered plants to be up and running. Just north of the US, Ontario province in Canada successfully commissioned 20 CANDU plants in 22 years. They have been on schedule with all their refurbishments too.
And let's not forget that renewable need to be renewed. They rely on smooth international production and supply chains. Good luck getting cheap solar panels if the South China Sea or Taiwan Strait become a free fire zone.
If we want to talk about the real problem with nuclear energy, the key issue is nuclear weapon proliferation, which is enormously underplayed even in serious scholarship on civilian nuclear programs, but it's not a pressing concern when it comes to nations who have nuclear weapons or operate under a nuclear umbrella.
There are quite a few reactor designs that can operate on non-weapons-grade stuff and even can use spent fuel from other reactors.
Saying "it's overregulated" in the US is a bit dangerous. Other countries do seem to do better at it though.