this post was submitted on 01 Aug 2023
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The cost of the power it generates in 50 years aren't lower than the day it opens. If you amortise the cost of the plant over its life nuclear is stupid expensive per watt produced. It's expensive enough that renewables + storage is cheaper. Renewables + storage is also a lot quicker to build than nuclear.
Even after the uptick in cost of renewables in the last year (which was dramatic) they're still the cheapest new build power (even accounting for the integration costs). As an example here's the most recent annual csiro report on energy costs by type. It doesn't include full scale nuclear today because it's known to be unviable, but even 2030 projections on "if smrs are commonly deployed at scale" they're predicted to be a lot more expensive than renewables with integration costs.
https://www.csiro.au/en/research/technology-space/energy/energy-data-modelling/gencost