I've seen quite a few SMR proposals over the last couple of years and not a single one that dared to address the whole cycle from deployment to eventual decommission as a function of the total revenues - costs to operate. Most of these projects seem to be made to bilk investors or governments rather than to actually produce power. The day Italy produces the first KWh that is net profitable to the operators without counting subsidies I will be highly amazed, and that's assuming they get to operational in the first place.
I agree, I tell everyone who will listen that no country, not Russia, China, Japan, France, USA etc has ever made nuclear power profitable. And you can't blame it on the environmentalists in China and Russia.
That being said, many countries consider it a national security issue not to be held hostage to foreign oil.
If your trying to argue that 417 operating reactors and 377 GW of operating nuclear capacity at end-2024, producing roughly 2,600–2,700 TWh/year, about 9% of global electricity isn't profitable at all and that somehow all that money is just lit on fire not generating profit/value? Bold claim -- the ecosystem is about $300-500 B/year globally per isn't profitable?
How can the scientific progress of developing nuclear power + medical isotopes and the entire value chain associated with that development, incredibly long lived assets, nuclear fuel development not have been profitable? The fact that you have baseload generation that supports the entire grid?
What part of the equation are you talking about - at what part of the project life cycle? Are you trying to say they were built and weren't profitable the minute the switch turned on?
jacquesm · · focus · HN ↗
asmodeuslucifer · · focus · HN ↗
That being said, many countries consider it a national security issue not to be held hostage to foreign oil.
boringg · · focus · HN ↗
If your trying to argue that 417 operating reactors and 377 GW of operating nuclear capacity at end-2024, producing roughly 2,600–2,700 TWh/year, about 9% of global electricity isn't profitable at all and that somehow all that money is just lit on fire not generating profit/value? Bold claim -- the ecosystem is about $300-500 B/year globally per isn't profitable?
How can the scientific progress of developing nuclear power + medical isotopes and the entire value chain associated with that development, incredibly long lived assets, nuclear fuel development not have been profitable? The fact that you have baseload generation that supports the entire grid?
What part of the equation are you talking about - at what part of the project life cycle? Are you trying to say they were built and weren't profitable the minute the switch turned on?