Earlier quoted context omitted.
> Renewables make the net-demand curve (demand - renewable generation) very lumpy which generally favors dispatchable (peaker plants, batteries, etc.) generation over baseload. Even without renewables in the equation, the demand side of the curve is already extremely lumpy. If you're only affordable when you're operating near 100% of the time (i.e. "baseload") you simply can't make up the majority of power generation…
This is not how nuclear works. Nuclear sets a low price that corresponds to its cost, then lets more expensive marginal energy sources set the final price. Nuclear can by the way be modulated +20%\-20%, which makes it quite flexible in real condition. See https://www.rte-france.com/en/eco2mix/power-generation-energ... as a proof - nuclear generation in France can go from 25GW to 45GW during a day. New small modular r…
This may be an accurate description for fully-depreciated nuclear plants, but it doesn't reflect the economics of new-build nuclear at all. You have to consider both operating and capital costs. Nuclear plants are cheap to operate once built, but those operations have to pay off the capital costs. If the load factor is low, then each unit of generated power has to bear a higher portion of the capital costs. If your capital costs are very high, then you either need a very high load factor or very high spot prices to bear those costs.
> Nuclear can by the way be modulated +20%\-20%
Net demand on CAISO can go from about 2 MW to 30 MW in the summer. 20 MW of that ramp occurs over just 3 hours. I'm sure you can build nuclear plants that ramp that fast, but you need a lot more than the range you're mentioning here. Regardless, I'm not making an argument about the physics of nuclear power plants, just the economics. Expensive plants generally need high load factors to pay off the capital costs.
> nuclear generation in France can go from 25GW to 45GW during a day.
Most of France's nuclear plants are old and thus fully depreciated. The only one built recently (Flamanville Unit 3), is a good example of the bad cost trend in nuclear. While this was a bit cheaper than Vogtle Units 3 and 4 in the US on a dollars per nameplate capacity basis, at 19 billion euro it's still very expensive (and also way over budget).
France also has high rates of curtailment, which is not necessarily a huge problem for them since so much of their generation is already carbon-free, but it does suggest they're already hitting the limits of their ability to ramp production up and down. Whether this is an engineering problem or something to do with the structure of their electricity market is a bit unclear to me
> New small modular reactors promise great improvements, as they can be pre-built in factories, require limited maintenance, lower risk, and as a result much lower cost per MW.
This has been the promise for years, but so far the low costs have yet to materialize and they are estimated to have a higher LCOE than traditional plants. Currently only 2 are actually operational, a demonstration plant in China and a floating power plant using adapted ice-breaker reactors in Russia. There are a few more in the pipeline, but they are all at least a couple years out from actually producing power.