Thats all correct BUT until reasonable information is provided by Dutton we can review in line with other countries experiences,
All true.
But as I stated compare and cost like for like. Otherwise it’s just supposition.
afterall, I doubt we know of some revolutionary tech that noone in the rest of the world knows about hence we will likely use a similar approach to overseas. I'm taking western countries here, not 3rd world as obviously cost of labour / construction etc will differ wildly.
There are different types of reactors
Editor's note: This article was originally published on March 27, 2012. It has been revised, updated and republished. Nuclear energy accounts for almost 50% of the Carolinas electricity with zero carbon emissions.Through the fission process, our highly...
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I’m not a nuclear scientist so I’m not sure what will be used or is fit for purpose.
So we've already been through Hinckley C - not going to be in operation for a number of years still, expected to cost around 46bnGBP for 3.2GW of power. Roughly $87bn for 3.2 GW of nameplate capacity, so in the region of $27bn per GW of nameplate capacity
In the US (Georgia) they have recently completed Voglte-3 and Vogtle-4, again massive cost over runs and that 2.6GW powerplant is estimated to have cost around about US$30bn, so roughly $45bn, or around about $17.5bn per GW of nameplate capacity.
As far as I know it won’t be Hinckley C. I also doubt will it be Vogtle types.
More talk around the use of SMR’s as I have said previously. In some locations multiple SMR’s as that’s what the design is for, depending on the base/peak load requirements.
I've seen articles that you've posted that seem to indicate a cost of about $8.5bn on 1 plant, either these costs are wildly understated or are going to produce such little power that it really isn't worth it, the point being that if you are going to go nuclear that you'd expect a significant proportion of your baseload would come from it, so any talk about small production levels would be miles wide of the expectation.
I only post what I can find.
I’d rather a complete study of the required draw, sizing, type and ancillary grid requirements be done. Rather than a “costing” to satisfy those who want the costings, size, type immediately.
It needs to be as thorough as possible, with scientists, economists, technical, power utilities, etc all playing a part.
It wont or shouldn’t be done just to so it’s “out there now”
The costings will be pulled apart by all and sundry, so it needs the right people to come together to work out all the requirements needed. It’s the most responsible way for any project.
It would be like asking Albanese or Chris Bowen for the total costings for renewables, Grid batteries, the massive inverters, the poles and wires required to achieve net zero. When that will be all ready and when will all the coal fired generators be shutdown.
Or will there be backup gas fired generators as a standby? Or how much will gas will be bought or stored for a strategic reserve?
Can they put dollar figures and exact timelines to totally renewable now? How much taxpayers money has been spent on renewable energy grants, subsidies and other programs? How much more taxpayers money will be required? Will the taxpayer subsidise any replacement solar or wind turbine farms when at the end of the lifespan? That is an ongoing cost for renewables. They have a limited life.
If they don’t know, vote NO (eh Brodders)
So when doing the LCOE costings, they need to take into account that solar and wind farms, especially those offshore wind farms will have a life of perhaps a quarter or a third than that of a nuclear reactor. So to get the true cost, ie that Illawarra offshore wind farm instead of being “ $10billion” multiply the replacement by 3 or 4 or 5, depending on the life of being in saltwater/air. If it has a 20 year lif versus 60/80 years for a nuclear reactor. I’m only guessing years and figures here. But I’m sure people get the gist ofit.
So that one off shore wind farm for to cover 60 years (for arguments sake) $10b initially, then maybe $$3 or 4 or 5billion or with inflation $10billion?? I don’t really know.
There still a lot of variables either way.