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.
Profitable compared to what, that provides base load?
If energy prices are too high, industry suffers. If you let the price rise, maybe China just eats your lunch.
What's the option value vs risk of gas price rises? Gas sets the marginal price of electricity in Italy today for 60% of the year [1]
[1] <a href="https://www.terna.it/DesktopModules/AdactoBackend/API/directdownload/get?file=Terna_2025_Annual_Report_8de9f199b1840f9.pdf" rel="nofollow">https://www.terna.it/DesktopModules/AdactoBackend/API/direct...
"However, the electricity system remains significantly exposed to gas price
volatility, which in 2024 determined electricity prices for more than 60% of the hours."
Nuclear power plants need to be taken offline for multiple weeks to months at a time for refueling and maintenance over their lifespans making them a poor fit for base load without extremely costly redundancy in a small country.
I had a discussion with ChatGPT about this concern. When comparing a modern EPR (European Pressurized Reactor) to a modern coal or natural gas thermal power plant, the required maintenance cycles look fairly similar. For the nitpickers/tomato throwers (I see you!): I am using EPR because it is state-of-the art for nuclear power, and I am specifically using the term "modern" for thermal power plant because the newest ones (China, Japan) are nearly at the frontier of efficiency possible for that type of electricty production.
Roughly: EPR runs for 18 months, then requires 1-2 months of maintenance (which includes refuelling about one third of its fuel assemblies). A modern coal or natural gas thermal power plant runs 12-18 months, then requires 1 month of maintenance.
Next, I could not resist as other commenters already mentioned it. You wrote: "small country". As the Aussies say: Yeah, no. Italy is 300,000 sq km. That is not small. If compared to the United States, it would be the fifth largest state.
Finally, why does it seem that all discussions about electricity production on HN always devolve into the "Base Load Wars"? For me, it is starting to feel like a meme. (Are there LLM troll bots trained to enter HN discussions and make a bunch of "base load" arguments?) Seriously, can someone please create a text-based role playing game that revolves around a future society locked into eternal "Base Load Wars"? (See: PhD Simulator[1])
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.
barrkel · · focus · HN ↗
If energy prices are too high, industry suffers. If you let the price rise, maybe China just eats your lunch.
What's the option value vs risk of gas price rises? Gas sets the marginal price of electricity in Italy today for 60% of the year [1]
[1] <a href="https://www.terna.it/DesktopModules/AdactoBackend/API/directdownload/get?file=Terna_2025_Annual_Report_8de9f199b1840f9.pdf" rel="nofollow">https://www.terna.it/DesktopModules/AdactoBackend/API/direct... "However, the electricity system remains significantly exposed to gas price volatility, which in 2024 determined electricity prices for more than 60% of the hours."
Retric · · focus · HN ↗
throwaway2037 · · focus · HN ↗
Roughly: EPR runs for 18 months, then requires 1-2 months of maintenance (which includes refuelling about one third of its fuel assemblies). A modern coal or natural gas thermal power plant runs 12-18 months, then requires 1 month of maintenance.
Next, I could not resist as other commenters already mentioned it. You wrote: "small country". As the Aussies say: Yeah, no. Italy is 300,000 sq km. That is not small. If compared to the United States, it would be the fifth largest state.
Finally, why does it seem that all discussions about electricity production on HN always devolve into the "Base Load Wars"? For me, it is starting to feel like a meme. (Are there LLM troll bots trained to enter HN discussions and make a bunch of "base load" arguments?) Seriously, can someone please create a text-based role playing game that revolves around a future society locked into eternal "Base Load Wars"? (See: PhD Simulator[1])
[1] <a href="https://research.wmz.ninja/projects/phd/index.html" rel="nofollow">https://research.wmz.ninja/projects/phd/index.html
Retric · · focus · HN ↗
There are 70 countries larger than Italy, Russia is more than 50x the size.
America the 4th largest country is still 20x the size of Italy.