> Afaik, nuclear energy is more expensive only because it is regulated far beyond what any other form of energy for the same level of risk.
This is a (very) common misconception.
A MIT study found that safety and regulatory increases contributes less than 1/3 of the cost increase in nuclear plants since 1975 (after adjusting for inflation):
Since many of the researchers are in the Department of Nuclear Engineering at MIT, they are able to go through and connect the cost changes to specific motivations and check these connections by looking at patents and journal papers that describe the ideas driving these changes.
Some of the driving factors are definitely regulatory. After the Three Mile Island accident, for example, regulators "required increased documentation of safety-compliant construction practices, prompting companies to develop quality assurance programs to manage the correct use and testing of safety-related equipment and nuclear construction material." Putting those programs in place and ensuring that documentation both added costs to the projects.
But those were far from the only costs. They cite a worker survey that indicated that about a quarter of the unproductive labor time came because the workers were waiting for either tools or materials to become available. In a lot of other cases, construction procedures were changed in the middle of the build, leading to confusion and delays. Finally, there was the general decrease in performance noted above. All told, problems that reduced the construction efficiency contributed nearly 70 percent to the increased costs.
https://arstechnica.com/science/2020/11/why-are-nuclear-plan...