I wonder if we (the global "we") will continue to build nuclear power facil ities 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 art icle about US nuclear power.
"The high cost of constructing plants has made it difficult for nuclear pow er to compete with other energy options in the United States, particularly natural gas. The high cost of nuclear power has led to a significant declin e in the construction of new plants?with just one plant, Watts Bar 2, entering commercial operation in the past 20 years.
"In 2017, two South Carolina utilities abandoned two unfinished Westinghous e AP1000 reactors due to difficulties in equipment manufacturing, significa nt construction delays, and cost overruns?leaving just two other AP
1000 reactors under construction, in the state of Georgia. These reactors h ave 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 reactors?the fir st 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 mai ntain 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
st estimates and is running the risk of further delays.
Other sites in the EU are not doing much better...
"EDF is using the same reactor design at the Olkiluoto nuclear project in F inland and at Flamanville in France, where costs have also spiralled by bil lions of euros."
At least at Hinkley the costs will be borne by the shareholders in the plan t, not the rate payers... so they say. But in the future...
"The government has confirmed plans for consumers to begin paying for new n uclear 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 a nd New Energy Technology at Tsinghua University expects the cost of a 655 M We 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 demonstr ation HTGR is about US$5,000/kW ? about twice the initial cost esti mates."
"The World Nuclear Association states that the cost of the demonstration HT GR is US$6,000/kW."
This is actually cheap compared to the other reactors, but still is a lot m ore 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 p rovide for backup generation.