this post was submitted on 09 Nov 2023
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Also according to the guardian the project had massive cost overruns increasing the costs by a factor of five:
https://www.theguardian.com/australia-news/2023/nov/09/small-modular-nuclear-reactor-that-was-hailed-by-coalition-as-future-cancelled-due-to-rising-costs
To answer your idea solar costs on a MW bases 30times less today, with falling prices. Solar runs something like 20-25% of the time and you need storage, but that is still much much cheaper then this nuclear plant would be. So you are really wasting money going for nuclear today.
Exactly. Nuclear is quite expensive compared with wind, solar, and short-term storage. The only place new nuclear might make sense is as a competitor for longer-duration storage, and then only if it's able to come in more cheaply than people know how to build it.
Nowadays a big problem with nuclear is that as almost no new reactors are built the expertise to build them has disappeared so it always leads to these huge cost overruns.
@MrMakabar @huginn @climate
Small modular nuclear reactor?
Not in my back yard, thanks. Not that these industries tend to ask.