Australian news, and some related international items

NextEra Energy finds that small nuclear reactors (SMRs) really are the biggest boondoggle of all

 There were a couple of interesting developments in June in regards to electric power. One was that NextEra Energy issued its Investor Conference Report 2022 to its stockholders. Another was a paper from Stanford University, “Low-cost solutions to global warming, air pollution, and energy insecurity for 145 countries,” (LCS study) by Mark Z. Jacobson, et al. Looking into them is rather interesting.

The first of these makes very clear that in the opinions of the people running NextEra Energy, combustion
generating sources and nuclear power are getting too expensive. Furthermore, their opinion is that the most expensive of these, at least in the late 2020s, will be small modular nuclear reactors (SMRs).

We should make clear, just in case anyone doesn’t know, that NextEra is hardly anti-nuclear. While it is already the biggest investor in renewable energy in the US, it does own seven nuclear reactors, including the one at Seabrook. Electricity from new, near-firm solar and wind plants is a good deal less expensive than electricity from existing nuclear plants.

Let’s state this clearly: We are paying extra for electricity from nuclear plants, even after they have been paid down, and even though the sun can shine and the wind can blow almost all the time, because of really cheap battery storage. Put another way, it would be cheaper to close the nuclear plants and replace them with new renewable facilities.

 Clean Technica 4th Oct 2022


October 6, 2022 - Posted by | Uncategorized

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