A lot of people are betting serious money that they will cheaper, more flexible, faster to build, and safer. Including me - I'm working in the industry, and I think they might very well be future backbone of energy production. But there's a real possibility when all this shakes out that SMR's only advantage will be their flexibility. And that might be enough. A major issue with gigawatt scale nuclear is that it's fra…
Why should consumers choose expensive nuclear powered electricity when cheap renewables, or stored renewables are available?
They don’t and now capacity factors crater.
Leading to what was once seen as ”baseload” plants being forced to become peakers. And running a nuclear plant with those fixed costs as a peaker/firming becomes stupidly expensive per MWh produced.
See this Australian ”baseload” coal plant forced into a peaker role or be decommissioned.
https://www.abc.net.au/news/2024-10-13/australian-coal-plant...