Earlier quoted context omitted.
And your "everyone knows" is an "appeal to the people" falacy. The grid operator in the UK certainly thinks it is possible to have a 100% renewable grid. Although I guess that the political situation in the USA precludes a rational policy. Every argument turns into a culture war sooner or later. The opposition is criticised for moral weakness (child slave battery) whilst your own side are blameless victims.
WOW you're going to use the UK as an example for renewable energy right now??? Have you been paying attention at all? https://www.theguardian.com/business/2022/oct/05/uk-prepares... https://www.reuters.com/business/energy/uk-wind-solar-builde... https://www.theguardian.com/environment/2023/mar/01/uk-effor... https://www.theguardian.com/business/2023/feb/21/energy-cris... https://e360.yale.edu/features/africa-europe-s…
Georgia nuclear plant begins splitting atoms
201–205 of 205 posts
Re: Georgia nuclear plant begins splitting atoms
#202Earlier quoted context omitted.
Utilities are generally paid for by the users regardless of their cost. Investors are typically insulated in so far as the project completes, which is completely normal. It’s not like there’s some sort of call provision on a bond that asks for more money from the bond holder if the project costs more. Typically you would simply issue more bonds. Instead of issuing bonds and paying interest on those out of utility bil…
Depends on if you have a regulated or open electricity market. You describe a regulated market. On the other hand, Europe by and large operates on a marginal pricing open market with utilities providing the transmission grid and stabilization services. In that market the investors take the losses. Unless huge state subsidies are brought out like Hinkley Point C leading to the government guaranteeing a strike price of…
what's being described is a regulated natural monopoly, standard economics. No economist would recommend unregulated natural monopolies.
marginal pricing would not pay for a transmission grid, and utility investors would not agree to build or maintain a grid without it being paid for. Marginal pricing refers to the cost of electricity given the grid, where there is no extra amount covering the cost of extra grid capacity.
Re: Georgia nuclear plant begins splitting atoms
#203Earlier quoted context omitted.
Take the 20% cost reduction the last two generations lead to. That would change Flamanville 3 from exorbitantly expensive to exorbitantly expensive. The French nuclear program as a whole has had a huge negative learning curve. The more they've built and learned the more expensive they have become. Sure you can brush of 20% with a lot of money down the drain, but that does not make it in any way economical.
At the end of the day, the cost of reactors built when there was large scale serial production was considerably cheaper than they are now: https://www.sciencedirect.com/science/article/pii/S030142151... The "negative learning curve" both in France and in the USA happened as the pace of reactor construction slowed. The "negative learning curve" you're referring to is actually the loss of the economies of scale.
You can't just post evidence of the opposite to your claim and then repeat it.
Re: Georgia nuclear plant begins splitting atoms
#204Earlier quoted context omitted.
WOW you're going to use the UK as an example for renewable energy right now??? Have you been paying attention at all? https://www.theguardian.com/business/2022/oct/05/uk-prepares... https://www.reuters.com/business/energy/uk-wind-solar-builde... https://www.theguardian.com/environment/2023/mar/01/uk-effor... https://www.theguardian.com/business/2023/feb/21/energy-cris... https://e360.yale.edu/features/africa-europe-s…
The issues ovet winter in the UK were caused by gas supply concerns and low availability of French nuclear power. I am not really sure why you think that is the fault of the renewable industry. But anyway I pointed to the UK because the grid operator has a plan to deliver 100% renewables. But it doesn't need to be reached immediately and may never be reached. It is not a binary thing. The brilliant thing about electr…
Re: Georgia nuclear plant begins splitting atoms
#205Earlier quoted context omitted.
Absolutely not. You might want to look up where that cobalt for batteries comes from as well and how much recycling actually gets done.
In 2023 stationary storage batteries don't use cobalt. Stationary storage batteries are expected to last 25 years. Given that we've only been doing stationary storage batteries for about 5 years, it's not really surprising that they aren't being recycled.