Earlier quoted context omitted.
It doesn't exist industrially because there's no need for it. Uranium has been incredibly cheap for decades. But the cost of fuel is such a small factor in the cost of nuclear energy that you could 10x the fuel costs and the LCOE wouldn't move much at all. LiFePO4 batteries still need lithium, and any wind turbine > 1MW requires literally tons of copper. These solutions are simply too material intensive, ie not energ…
> It doesn't exist industrially because there's no need for it. Uranium has been incredibly cheap for decades. But the cost of fuel is such a small factor in the cost of nuclear energy that you could 10x the fuel costs and the LCOE wouldn't move much at all. That's a great way of saying 'I believe the capital and operational costs for nuclear are at least 5x as much as renewables and will stay that way'. Fuel is $166…
Yes, and it still ends up being a better energy source IMO because you don't have to build millions of individual machines. Further, I'd argue that those costs can come down much further and easier than trying to reduce material cost of renewables.
This source (https://help.leonardo-energy.org/hc/en-us/articles/360010919...) puts offshore wind at 6 tons per MW and nuclear at 0.7 tons per MW. I'm not sure if that is accounting for the fact that the location of wind farms are determined by where the wind is vs nuclear plants can be placed wherever. SMRs will help place generation even closer to demand.
Time for napkin math. If we want to convert half of our 490 exajoules of global annual fossil fuel energy to offshore wind energy (let's say all offshore so we can use a generous 50% capacity factor). Then we need 5.22 million offshore wind turbines (3MW each), which will require 94 million tons of copper. That's 11% of all the copper we think exists on Earth. For one generation of wind turbines that will maybe last 25 years. Maybe. This is before we build ANY battery storage, which also needs large amounts of copper, not to mention lithium. It just doesn't make sense to me.
The same calculation for nuclear says we need 6 million tons of copper to replace that same 245 EJ, at a 95% capacity factor. Just 6% of the copper compared to wind. And those plants can go for 60+ years.
Solar PV is even worse than wind for utility scale energy because of its abysmal capacity factor. The main drawback for PV will be the amount of storage or overcapacity needed. So unless we get a miracle breakthrough in energy storage soon, I don't see how wind/solar can scale to replace most of our fossil fuel energy. I'm not against using wind/solar in numbers that make sense. They will definitely be part of the solution, just not the main components IMO.