R
Rick C
Guest
I wonder if we (the global "we") will continue to build nuclear power facilities much longer. It just seems like the cost and risks are untenable and the tax payers are picking up the tab for the overruns. From a recent article about US nuclear power.
"The high cost of constructing plants has made it difficult for nuclear power to compete with other energy options in the United States, particularly natural gas. The high cost of nuclear power has led to a significant decline in the construction of new plantsâwith just one plant, Watts Bar 2, entering commercial operation in the past 20 years.
"In 2017, two South Carolina utilities abandoned two unfinished Westinghouse AP1000 reactors due to difficulties in equipment manufacturing, significant construction delays, and cost overrunsâleaving just two other AP1000 reactors under construction, in the state of Georgia. These reactors have also faced delays and cost overruns. The original cost estimate of $14 billion has risen to $23 billion, but construction is proceeding, given the promise of government financial support for these reactorsâthe first of their kind in the United States."
The European projects aren't faring much better.
The Russian nuclear barge...
"A 2016 OECD Nuclear Energy Agency report said that electricity produced by the plant is expected to cost about US$200/MWh, with the high cost due to large staffing requirements, high fuel costs, and resources required to maintain the barge and coastal infrastructure."
This is around double what consumers pay for electricity in the US.
The Hinkley facility in the UK...
"EDF Energy said the construction cost for Hinkley Point C in Somerset had climbed by between ÂŁ1.9bn to ÂŁ2.9bn from the companyâs last estimates and is running the risk of further delays.
As a consequence, the total cost has risen from ÂŁ19.5bn to between ÂŁ21.5bn and ÂŁ22.5bn."
Other sites in the EU are not doing much better...
"EDF is using the same reactor design at the Olkiluoto nuclear project in Finland and at Flamanville in France, where costs have also spiralled by billions of euros."
At least at Hinkley the costs will be borne by the shareholders in the plant, not the rate payers... so they say. But in the future...
"The government has confirmed plans for consumers to begin paying for new nuclear reactors before they are built, and for taxpayers to pay a share of any cost overruns or construction delays."
Even in China costs don't seem to be under control...
"According to the World Nuclear Association, China's Institute of Nuclear and New Energy Technology at Tsinghua University expects the cost of a 655 MWe HTGR to be 15-20% more than the cost of a conventional 600 MWe PWR.3
A 2016 report said that the estimated construction cost of China's demonstration HTGR is about US$5,000/kW â about twice the initial cost estimates."
"The World Nuclear Association states that the cost of the demonstration HTGR is US$6,000/kW."
This is actually cheap compared to the other reactors, but still is a lot more than expected.
How can nuclear become a useful addition to our energy generation if we can't control the costs? It is much cheaper to just build wind or solar and provide for backup generation.
--
Rick C.
- Get 2,000 miles of free Supercharging
- Tesla referral code - https://ts.la/richard11209
"The high cost of constructing plants has made it difficult for nuclear power to compete with other energy options in the United States, particularly natural gas. The high cost of nuclear power has led to a significant decline in the construction of new plantsâwith just one plant, Watts Bar 2, entering commercial operation in the past 20 years.
"In 2017, two South Carolina utilities abandoned two unfinished Westinghouse AP1000 reactors due to difficulties in equipment manufacturing, significant construction delays, and cost overrunsâleaving just two other AP1000 reactors under construction, in the state of Georgia. These reactors have also faced delays and cost overruns. The original cost estimate of $14 billion has risen to $23 billion, but construction is proceeding, given the promise of government financial support for these reactorsâthe first of their kind in the United States."
The European projects aren't faring much better.
The Russian nuclear barge...
"A 2016 OECD Nuclear Energy Agency report said that electricity produced by the plant is expected to cost about US$200/MWh, with the high cost due to large staffing requirements, high fuel costs, and resources required to maintain the barge and coastal infrastructure."
This is around double what consumers pay for electricity in the US.
The Hinkley facility in the UK...
"EDF Energy said the construction cost for Hinkley Point C in Somerset had climbed by between ÂŁ1.9bn to ÂŁ2.9bn from the companyâs last estimates and is running the risk of further delays.
As a consequence, the total cost has risen from ÂŁ19.5bn to between ÂŁ21.5bn and ÂŁ22.5bn."
Other sites in the EU are not doing much better...
"EDF is using the same reactor design at the Olkiluoto nuclear project in Finland and at Flamanville in France, where costs have also spiralled by billions of euros."
At least at Hinkley the costs will be borne by the shareholders in the plant, not the rate payers... so they say. But in the future...
"The government has confirmed plans for consumers to begin paying for new nuclear reactors before they are built, and for taxpayers to pay a share of any cost overruns or construction delays."
Even in China costs don't seem to be under control...
"According to the World Nuclear Association, China's Institute of Nuclear and New Energy Technology at Tsinghua University expects the cost of a 655 MWe HTGR to be 15-20% more than the cost of a conventional 600 MWe PWR.3
A 2016 report said that the estimated construction cost of China's demonstration HTGR is about US$5,000/kW â about twice the initial cost estimates."
"The World Nuclear Association states that the cost of the demonstration HTGR is US$6,000/kW."
This is actually cheap compared to the other reactors, but still is a lot more than expected.
How can nuclear become a useful addition to our energy generation if we can't control the costs? It is much cheaper to just build wind or solar and provide for backup generation.
--
Rick C.
- Get 2,000 miles of free Supercharging
- Tesla referral code - https://ts.la/richard11209