Antinuclear

Australian news, and some related international items

Australia’s dwindling nuclear lobby pushes on, blind to the economic realities

Nuclear Power Is In Crisis As Cost Overruns Cripple Industry Giants, New Matilda.,  By  on February 26, 2017 “……….Shellenberger recently noted that: “Radical breaks from past designs sometimes work in industries that require little up-front capital, like Internet companies. It’s now clear that they are deadly when it comes to nuclear.”

nuke-spruikersSmThose comments refer to APR1000 and EPR reactors, which are just modified versions of long-established, conventional reactor technology. The likelihood of genuinely radical Generation IV concepts coming to the rescue is minuscule in circumstances where the inability to build a handful of conventional reactors on-time and on-budget has brought industry giants ‒ with decades of experience and tens of thousands of employees ‒ to their knees.

Yet Australia’s dwindling but determined group of nuclear lobbyists continue to press the case for Australia to take the lead developing Generation IV reactor types. So Australia ‒ a country with virtually no relevant expertise and even less experience ‒ should take the lead developing Generation IV reactors despite the fact that four global giants face crippling debts due to cost overruns building a handful of conventional reactors?

That proposition is beyond stupid and it was completely rejected by the SA Nuclear Fuel Cycle Royal Commission last year.

The Royal Commission said: “[A]dvanced fast reactors and other innovative reactor designs are unlikely to be feasible or viable in the foreseeable future. The development of such a first-of-a-kind project in South Australia would have high commercial and technical risk. Although prototype and demonstration reactors are operating, there is no licensed, commercially proven design. Development to that point would require substantial capital investment. Moreover, electricity generated from such reactors has not been demonstrated to be cost competitive with current light water reactor designs.”

On conventional nuclear power, the Royal Commission concluded that “on the present estimate of costs and under current market arrangements, nuclear power would not be commercially viable to supply baseload electricity to the South Australian subregion of the NEM from 2030 (being the earliest date for its possible introduction)”.

The dwindling nuclear lobby will continue with their beyond-stupid promotion of Generation IV reactors, and they’ll continue peddling misinformation about renewables, but there’s no longer any reason why the rest of us should pay any attention. https://newmatilda.com/2017/02/26/nuclear-power-is-in-crisis-as-cost-overruns-cripple-industry-giants/

February 27, 2017 - Posted by | AUSTRALIA - NATIONAL, spinbuster

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