this post was submitted on 22 Aug 2023
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The thing that worries me about nuclear power is that it takes something like 7 years to build, and renewables are on a declining cost curve. If you finish building your reactor 7 years from now and you can't compete with other forms of power generation, what do you do with that asset? Nobody will buy it, you can't sell the product. That's not even accounting for the payback period of it either.
I'm just a layman so I'm sure there are nuances I'm missing and I think we need all options on the table when it comes to moving away from fossil fuels. That said it seems like a very risky thing to be investing in to me.
A lot of that is because a) protests, formalities, FUD and b) lack of scale (each plant is built as one of a kind). Same for price.
With a bigger scale the construction and prices would lower significantly (as with anything done at scale), but for that we have too much populism, fear and emotional driven propaganda and gullible voters. Nuclear power always had the potential to fix the humanity energy needs relatively simply, it's sad how we got to this point.
Do you really think giant energy corporations give a shit about what people think? If nuclear made financial sense we would be building new nuclear, and damn the protestors. This idea that protesters and NIMBYs are the only thing standing in the way of a glorious nuclear future is absolute nonsense.