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.
> country, not Russia, China, Japan, France, USA
Are you serious when putting France in this list? Nuclear is such a cash cow here that EDF manage to make profits even while being forced by the regulator to sell a big fraction of its nuclear capacity below the operating cost and buying it back to them at market price! (We're talking about a multi-billon subsidies scheme, look for ARENH).
And that is despite (rather legitimate IMHO) regulatory constraints that have no equivalent in any other industry.
France is in that list (hello i'm from france too) because construction is heavily subsidized and decommission is overall not happening, not planned, and more or less not even approaching the planning stage. The few decommissions that are taking place are decades late and billions over budget.
It's not industry secret that if you count the entire life cycle, nuclear is the most expensive (in terms of euros) energy we have. Does that mean it's a bad investment? Not necessarily. If you're an ecologist, it's a bad investment because it takes us in the wrong direction (more energy consumption) instead of going the way of degrowth. Also, the nuclear industry is very much in bed with the military industrial complex, which is something you may be concerned about.
And that economic analysis does not even account for how "stolen" the uranium we use is. If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive. TBH, i haven't followed developments in the last years in regards to french neocolonialism collapsing in sub-saharan africa, but here's a small article from 6 years ago: <a href="https://infokiosques.net/IMG/pdf/uranium_de_la_francafrique-fil-2020-12p-2.pdf" rel="nofollow">https://infokiosques.net/IMG/pdf/uranium_de_la_francafrique-...
It's not subsidized, quite the opposite EDF is subsidizing its competitors through ARENH.
> It's not industry secret that if you count the entire life cycle, nuclear is the most expensive (in terms of euros) energy we have.
It's not. It only appears expensive compared to other decarbonized means because the calculations never take the opportunity cost of intermittency. Wind and solar are only cheap because you never count the price of the back-up plan in the cost (and also because magnets and solar panels are bought for cheap from China). If you count the price of running an actual grid all year long then it suddenly becomes the most efficient option after hydro and that's why France has among the cheapest electricity in Europe. The German Energiewende is the canonical example of what the theoretical calculations leave out. It should have been cheaper and less carbon-heavy in the end, but instead hundreds of billions have been spent to get only expensive and high-emission electricity in the end.
>And that economic analysis does not even account for how "stolen" the uranium we use is. If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive.
Come on, the Uranium coming from Niger is a just a fraction of the consumption:
<a href="https://www.connaissancedesenergies.org/questions-et-reponses-energies/dou-vient-luranium-naturel-importe-en-france" rel="nofollow">https://www.connaissancedesenergies.org/questions-et-reponse...
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.
stymaar · · focus · HN ↗
Are you serious when putting France in this list? Nuclear is such a cash cow here that EDF manage to make profits even while being forced by the regulator to sell a big fraction of its nuclear capacity below the operating cost and buying it back to them at market price! (We're talking about a multi-billon subsidies scheme, look for ARENH).
And that is despite (rather legitimate IMHO) regulatory constraints that have no equivalent in any other industry.
selfhoster1312 · · focus · HN ↗
It's not industry secret that if you count the entire life cycle, nuclear is the most expensive (in terms of euros) energy we have. Does that mean it's a bad investment? Not necessarily. If you're an ecologist, it's a bad investment because it takes us in the wrong direction (more energy consumption) instead of going the way of degrowth. Also, the nuclear industry is very much in bed with the military industrial complex, which is something you may be concerned about.
And that economic analysis does not even account for how "stolen" the uranium we use is. If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive. TBH, i haven't followed developments in the last years in regards to french neocolonialism collapsing in sub-saharan africa, but here's a small article from 6 years ago: <a href="https://infokiosques.net/IMG/pdf/uranium_de_la_francafrique-fil-2020-12p-2.pdf" rel="nofollow">https://infokiosques.net/IMG/pdf/uranium_de_la_francafrique-...
stymaar · · focus · HN ↗
It's not subsidized, quite the opposite EDF is subsidizing its competitors through ARENH.
> It's not industry secret that if you count the entire life cycle, nuclear is the most expensive (in terms of euros) energy we have.
It's not. It only appears expensive compared to other decarbonized means because the calculations never take the opportunity cost of intermittency. Wind and solar are only cheap because you never count the price of the back-up plan in the cost (and also because magnets and solar panels are bought for cheap from China). If you count the price of running an actual grid all year long then it suddenly becomes the most efficient option after hydro and that's why France has among the cheapest electricity in Europe. The German Energiewende is the canonical example of what the theoretical calculations leave out. It should have been cheaper and less carbon-heavy in the end, but instead hundreds of billions have been spent to get only expensive and high-emission electricity in the end.
>And that economic analysis does not even account for how "stolen" the uranium we use is. If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive.
Come on, the Uranium coming from Niger is a just a fraction of the consumption: <a href="https://www.connaissancedesenergies.org/questions-et-reponses-energies/dou-vient-luranium-naturel-importe-en-france" rel="nofollow">https://www.connaissancedesenergies.org/questions-et-reponse...