October 6, 2014 2:37 am
Nuclear Power Costs Billions More Than Promised By Conan Milner, Epoch Times | October 1, 2014 “……Smaller Scale Other types of power plants are at risk of time and cost overruns as well, but experts say nuclear plants are particularly vulnerable to this problem. They require an enormous investment upfront and take longer to bring on line.
For the past 50 years, the nuclear industry has pushed for bigger units in an effort to spread costs over a larger number of kilowatt hours. But some are calling to shrink the scale with small modular reactors: compact, factory-fabricated designs that require less initial investment, and are easier to assemble than conventional units.
The United States has approved small reactor designs, but Bradford is not impressed.
“There really is no basis for optimism,” he said. “The only cost studies—they hardly even deserve the name studies. They’re provided by the vendors.”
Schneider said these smaller reactors might be a better fit for the changing electricity market, which increasingly favors a horizontally integrated system and a more eclectic approach to energy generation.
“It’s hard to imagine a huge plant whatever the source, but especially nuclear in such a new environment,” he said. “But it’s very clear the biggest problem the nuclear industry has besides cost is the time factor. Small modular reactors will not be available for a long time—for decades. We need solutions in the short term—the next 20 years.”
“It’s very interesting to see the Financial Times reporting about the U.S. market saying that wind and solar can now compete without subsidies with gas. Where is nuclear in that comparison? And that is now, not something that we have to develop over decades.”http://m.theepochtimes.com/n3/990670-nuclear-power-costs-billions-more-than-promised/
Posted by Christina Macpherson
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