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Italian parliament votes for return to nuclear energy

817 pointsby 19h agoapnews.com
646 comments
18h agoHN ↗

It is sad that this has become a topic of the culture wars. Nothing good comes out of this, certainly not a rational weighing of the pros and cons of nuclear power.

I’m particularly interested in how they plan to finance reactors in a grid dominated by solar. I wouldn’t be surprised if they legally allow the building of new reactors but then fail to find investors. But perhaps they plan on using them as some sort of strategic assets and will just run them at a loss?

18h agoHN ↗

Time and demographics are also a component. Italy is old, has worker shortages for living wage work (and is currently issuing ~500k work visas over three years to attract labor to the market), and a new nuclear generator takes at least ten years to build. Each year, an additional 1TW of solar will be deployed globally. Solar panel prices have fallen by around 20% every time global capacity doubled.

https://ember-energy.org/countries-and-regions/italy/

49% of Italy’s electricity was generated from low-carbon sources in 2025, below the EU average of 71%. As of 1 January 2026, Italy was aiming for 69% of renewable electricity generation by 2030. For the country’s latest renewables targets, see our 2030 Global Renewable Target Tracker.

https://app.electricitymaps.com/map/zone/IT/fifteen_minutes

Record 2026 summer heat impaired nuclear generation in France, Romania, Hungary, and Bulgaria, so I'd be curious how they intend to solve for that as the climate continues to warm (reduced capacity factor from reduced output due to cooling constraints impairs the economics).

France to Upgrade Heat Wave Modeling After Record Nuclear Curbs - https://news.ycombinator.com/item?id=49790006 - September 2026

Europe's Heatwaves Are Putting Nuclear Power Under Pressure - https://news.ycombinator.com/item?id=49466909 - August 2026

Bulgaria's Nuclear Plant Plans First Output Cut Due to Low Danube - https://news.ycombinator.com/item?id=49376860 - August 2026

Record heat is drying up Europe's major rivers, as these striking images show - https://news.ycombinator.com/item?id=49283344 - August 2026

Bloomberg: Hungary Casts Doubt on Nuclear Plant Expansion After Danube Low Levels - https://www.bloomberg.com/news/articles/2026-08-13/hungary-c... - August 13th, 2026

Italy to issue half million non-EU work visas over next three years - https://www.reuters.com/world/italy-issue-half-million-non-e... - June 30th, 2025

18h agoHN ↗

I’m particularly interested in how they plan to finance reactors in a grid dominated by solar.

Solar is 15% - a lot but not yet dominated. Solar works at day and demand is also highest during the day so solar should not be an enemy of nuclear.

18h agoHN ↗

It is actually an enemy of nuclear, economically. Solar is so cheap, it will naturally grow until it satisfies 100% of the daytime load. This pushes nuclear off the grid during the day - it’s power costs too much. But nukes need to be running and selling at 100% 24/7 to have any chance of breaking even.

This is what the OP means - they make no economic sense on most modern grids.

17h agoHN ↗

Citation:

France's EDF Warns Solar, Wind Surge Straining Nuclear Fleet Costs - https://news.ycombinator.com/item?id=47037839 - February 2026

https://web.archive.org/web/20260217122120/https://www.edf.f...

Related:

Wind and solar generated more power than fossil fuels in the EU for the first time in 2025 - https://ember-energy.org/latest-updates/wind-and-solar-gener... - January 22nd, 2026

Wind and solar overtaking fossil fuels in 2025 can be largely attributed to a staggering rise in solar power. Solar grew by more than a fifth (+20.1%) for the fourth year running. It generated a record 13% of EU power in 2025, above both coal and hydro. This trend was widespread: all EU countries saw growth in solar generation compared to the year before, amid a huge expansion in EU solar installations. Solar provided more than a fifth of electricity in Hungary, Cyprus, Greece, Spain and the Netherlands. Renewables provided nearly half of EU power (48%) as unusual weather conditions caused hydro generation to fall by 12% and wind by 2%, but boosted solar generation. Wind remained the second largest EU electricity source at 17% of EU power, generating more than gas. Signs of a structural shift are clear across the EU, as wind and solar generated more electricity than all fossil sources in 14 of the 27 EU countries in 2025. Over the past five years, wind and solar have experienced massive growth (from 20% in 2020 to 30% in 2025). Fossil fuels have fallen from 37% to 29% in the same period, while hydro and nuclear remained stable or slightly declined.

https://ourworldindata.org/grapher/installed-solar-pv-capaci... (installed solar energy capacity goes brrr)

18h agoHN ↗

We need to increase energy output by an order of magnitude in order to upgrade civilization to the next level. Does solar offer a pathway to doing that today, once you account for the costs of battery storage?

Nuclear, moreover, keeps us on the tech tree for space exploration. I don’t think solar is going to lead us to fusion or antimatter powered spaceships.

17h agoHN ↗

To produce 10x the current power demand with nuclear you’d need breeder reactors or perhaps thorium unless you want to run out of fuel rather quickly. That’s not what is being proposed here.

I also don’t believe that fission, fusion or antimatter are on the same branch of the tech tree.

15h agoHN ↗

I also don’t believe that fission, fusion or antimatter are on the same branch of the tech tree.

I mean, you need to radiation-harden your structural materials and electronics for both fission and fusion, and some hypothetical antimatter reactor is probably using an evolutionary version of EM confinement techniques from fusion.

But, yes, fission reactors are ultimately kind of ooga-booga (put a pile of metal in some water and run a steam engine) that's hard to characterize as on track for something sci-fi like an antimatter reactor.

17h agoHN ↗

Total world energy usage is about 1/10,000 what the sun provides. Bumping that up an order of magnitude means 1/1,000 instead. Seems reasonable for solar.

I don’t see research into fission power doing anything useful for spacecraft. The big bottleneck right now is getting stuff to orbit. The rest is easy, relatively speaking. And getting stuff to orbit is not practical with nuclear unless you use something like Orion, which has some downsides to put it mildly, and is already doable with 1950s tech.

14h agoHN ↗

Civilisational levels are defined by orders of magnitude in energy use.

8h agoHN ↗

Practically, at the current rate of CO2 emissions we’re going to be needing that electricity to do carbon capture eventually

5h agoHN ↗

If you're asking why we would want to progress as a species, I suppose that's a rather subjective question. I like the idea of materially improving the lives of humans. That includes scientific discoveries, curing ageing and other diseases, space exploration and interplanetary colonisation, material abundance like unlimited food, etc. We don't achieve this unless we make major technological advancements, and this requires major new sources of energy.

17h agoHN ↗

Is musk's stream of consciousness leaking?

17h agoHN ↗

I don't think we should let musk appropriate nerdy space dreams.

Hand him the nerds and you'll hand him the future, for better or worse.

17h agoHN ↗

Getting us to a Star Trek future shouldn’t be a politically polarized issue.

16h agoHN ↗

Star Trek is a socialist society.

Getting the tech without the social change first (e.g. what Musk et al are going for) gets you a Cyberpunk dystopia, not a post-scarcity utopia.

16h agoHN ↗

You’ve got it backwards. The Star Trek universe is depicted as originating out of a recognizable United States. Warp Drive was of course, invented by a Musk-like individual in Montana, not a committee or government. Cochrane is depicted as having no particular moral philosophy and as having invented warp drive in pursuit of profit. It’s very clear that post scarcity came first and the socialist/military model came afterwards.

It’s notable that while Roddenberry had various humanist philosophies, TOS and TNG more than anything resemble the U.S. military officer culture, reflecting his Air Force service. You’ll see the exact same culture if you walk into an officer’s club at the U.S. Naval Academy.

15h agoHN ↗

I would not want to walk in pajamas on a sterile spacecraft and deal with new aliens every week.

9h agoHN ↗

Only a tiny fraction of the Federation's population is part of Star Fleet. There are only a few thousand star ships scattered over thousands of light years. Crew complements are rather small, so at most a single-digit million people are on Star Fleet ships. That's comparable to the size of just the current US military personnel but the Federation has hundreds of planets and many billions of people.

17h agoHN ↗

Sir I'd like you to step out of the car and breathe into this Kool-Aid detector.

Planets aren't going to be colonized like colonies were on this Earth. Economic growth and prosperity have decoupled not only from fossil fuels, but it's no longer a function of energy consumption in general. Humans simply do not flourish without the Earth ecosystem. The future you paint here is only credible to 13 year-old boys who just finished their third Jerry Pournelle book.

17h agoHN ↗

The future you paint here is only credible to 13 year-old boys who just finished their third Jerry Pournelle book.

My mom is in her mid 70s and grew up reading Jules Verne and H.G. Wells as a child in Bangladesh. She still imagines a Star Trek future is inevitable. If anything it’s Gen Z that has a small and narrow vision of what’s possible.

9h agoHN ↗

Some of us don't share your faith in technological progress.

And sometimes I think Star Trek did more damage to the world than Das Kapital did.

15h agoHN ↗

It isn't about space travel. The AI boosters use it as a pretext for powering more data centers.

10h agoHN ↗

And the nuclear power boosters, especially the SMR fans, are riding in the data center slipstream. All kinds of debunked ideas have seen a chance for revival in the AI bubble.

I'm no fun because I've spent a lot of time doing critical path analysis in projects. A lot of planned data centers will never power up because the lead time for gas turbines is a few years now. You can't expect the first SMR to power a data center to come online with in 10 years. And while Bloom has done impressive work making a credible methane fuel cell, they have only a slim chance of scaling up their production to power the big Oracle data center in New Mexico.

There is an exasperating amount of BS to call out on this planet even before we get to wild promises of what's going to be put into orbit or on the moon or on Mars,

14h agoHN ↗

This is not how people are expected to converse on HN.

13h agoHN ↗

We should be able to call out bullshit if we see it.

16h agoHN ↗

upgrade civilization to the next level

What does that even mean? Will we have no more wars? Will we overcome capitalist ownership structures? Will we save our planets ecosystems from extinction? Will we finally be able to eradicate hunger and homelessness?

Or are we just talking more fancy gadgets for the rich at the expense of all of the above?

13h agoHN ↗

What does "Upgrade to the next level" even mean? What next level? Where is the dividing line? Why should we, beside all other concerns there are?

18h agoHN ↗

certainly not a rational weighing of the pros and cons of nuclear power.

Nuclear has no real cons other than time/cost of deployment, and it should be a no brainer for a place like Europe without significant energy resources. Once the power plant is built, it provides 50+ years of nearly free energy. It's that or buying gas from Russia.

18h agoHN ↗

Cost and time seem like a pretty important con to me.

17h agoHN ↗

Yes no real cons if we exclude the small con of being completely economically unviable.

17h agoHN ↗

How about nuclear fuel still being dependent on either russia or us? and that is just one reason.

14h agoHN ↗

Conspiracy hat time: I think this is the main reason it's being pushed so hard. The US and Russia feel threatened by the rise of renewables and will do anything to get countries dependent on them again.

12h agoHN ↗

This isn't right, in fact one of the main reasons for building nuclear power plants is independence from politically unstable places like Russia and the Mideast.

6h agoHN ↗

There are some better mines in different areas of course, but it is available across most of the planet. Processing it is way harder than finding a source of it, but that is also a solved problem, you just gotta put in the capital to build it.

3h agoHN ↗

It's really a conspiracy. Ore is available in plenty of countries. Enrichment is done locally by orano+urenco amd fuel elements made by framatome

It would also not make sense considering china is the largest builder and they also sell most of vre

17h agoHN ↗

it should be a no brainer for a place like Europe without significant energy resources.

The uranium needs to be regularly replaced. Europe currently imports virtually all of the uranium used by its nuclear power plants. While Europe has some decommissioned uranium mines, they would have to be reopened, but the known deposits are estimated to cover less than the 50 years you cite, at current levels of nuclear production (much less when expanding production).

So if this is about energy independence rather than cost, I’m not sure that it would be such a great win.

17h agoHN ↗

Idk we can import uranium from lots of places; i think currently mostly from Canada.

But I just don’t get why it’s being discussed at all - its obviously so much more expensive and time consuming to build than the alternatives

17h agoHN ↗

Nuclear fuel rods get used for 1-2 years before they need to be replaced. This is much longer than it takes to burn a shipload of liquefied natural gas, though it's much shorter than it takes for solar panels or grid scale batteries to need replacement. Both nuclear energy and renewable energy are less sensitive to supply shocks than fossil energy, even if Europe doesn't reduce the percentage of its energy needs that depend on imports.

17h agoHN ↗

Yes, but the parent was implying 50+ years of nothing to worry about once a plant is built.

15h agoHN ↗

It would cost a bit more is the worst case if you had to build your own centerfuges, uranium is not all that rare. And a single ship could carry a decades worth of fuel (not that I recommend a decade of fuel on a single ship), so even if shipping was costly it would be cheap compared to the actual fuel refinement. You couldn't Hormuz a uranium fuel supply because it doesn't take thousands of ships or miles of pipeline to deliver.

So maybe not worry free, but if you are able to run nuclear reactors for power to start with, obtaining fuel for them in any scenario shouldn't be impossible. You got atleast a year or two lead time between refuelings, and it might be able to be stretched a little longer in an emergency. And even more time if you hold some in reserve.

17h agoHN ↗

Australia and Canada are top producers of uranium ore, and uranium ore is a small fraction of total lifecycle costs. Given a ~2 year refuelling cycle and the possibility of stockpiling uranium, this is very far from an interruption to oil and gas flows - which you need a continuous supply of. Security isn't just a function of autarkic raw material supplies.

3h agoHN ↗

There are many more deposits to explore, like Sweden. And we can start doing purex+mox recycling to extend operation further

17h agoHN ↗

Cost of deployment is a massive consideration in our not-yet-post-scarcity society.

It takes billions to certify a nuclear power plant, and it takes billions more to re-certify it every few decades, to say nothing of the costs of modernization.

To be clear, I consider myself generally pro-nuclear power, but let's not ignore the massive upfront and ongoing capital and operational costs that really undermine this idea that it's free power.

14h agoHN ↗

What if we just skipped the certification?

17h agoHN ↗

Nuclear has no real cons other than time/cost of deployment

... and cost of operation and the fact that you have radioactive material you need to securely and safely store for quite a bit (which no one has figured out yet)

13h agoHN ↗

and the fact that you have radioactive material you need to securely and safely store for quite a bit (which no one has figured out yet)

It's perfectly figured out. Just entomb it in concrete and store it on site. All spent nuclear fuel to date combined would quite comfortably fit in an average Walmart parking lot. It's a complete non-issue. And if we'd get really desperate, the spent fuel could be re-enriched.

3h agoHN ↗

Opex is low. Storage is figured out. See onkalo or hundreds of others for forever toxic chemicals

16h agoHN ↗

Nuclear has no real cons other than time/cost of deployment,

That's not true. It's extremely expensive to operate for one, so expensive in fact that nobody in the private sector wants to do it without having nation states basically guarantee profits for the lifetime of the plant or accept all liability. Which in several countries means that he operator is the nation state. Like in France.

The profits are guaranteed by collecting extra taxes from the population, not by increasing the price of electricity. Which is why people believe France has cheap electricity when they really don't.

Also of course each nuclear plant carries a nonzero chance of a trillion dollar incident (we've had two so far) as well as a nonzero chance of millions of casualties. Both these cons are entirely unique to nuclear power plants. No hydro plant, solar plant, wind farm, coal, oil or gas plant can cause as much damage as a nuclear plant.

t's that or buying gas from Russia.

Not at all, there are many options (including buying gas from someone else). Some options got viable so recently people still haven't realized it. Like batteries. They're cheap now, you know, and China can build as many as we want. China has also caused a severe drop in the cost of hydrolyzers, used to create e-fuel. E-fuel means you can use solar power in winter and during night, which removes the remaining weakness of renewable sources. Europe should spend every eurocent in that direction instead of nuclear. That's the path to true energy independence.

And anyway, europe still gets 70% of it's nuclear fuel from Russia. How is that better than gas?

12h agoHN ↗

Also of course each nuclear plant carries a nonzero chance of a trillion dollar incident (we've had two so far) as well as a nonzero chance of millions of casualties. Both these cons are entirely unique to nuclear power plants. No hydro plant, solar plant, wind farm, coal, oil or gas plant can cause as much damage as a nuclear plant.

The Banqiao dam failure killed 250,000 people in a single incident. Pollution from coal plants running normally causes 1 million premature deaths per year. The deepwater horizon spill was a $100 billion disaster with an environmental impact greater than any nuclear incident. The Centralia fires in PA are still burning after over 60 years and lead to a town being abandoned. Nuclear is not uniquely risky by any rational metric.

4h agoHN ↗

The Banqiao dam failure killed 250,000 people in a single incident.

The incident was a typhoon that caused 60 dam failures in a densely populated area prone to flooding. Estimates range from 26000 to 240000 people dead, but rationally one has to assume the typhoon would have caused some damage in these areas even without the dams.

So claiming this was a single hydro dam causing 250 000 dead is hardly rational.

If you live in a narrow valley downstream from a dam you are aware of the danger. You as an individual can take action to protect yourself. If you live upstream by even 10 feet you are in no danger at all from the dam.

With nuclear, people in Scotland are in danger from a plant in the Ukraine, can't do anything to protect themselves from it, and have to live with the consequences for 30+ years. That's much worse by any metric.

Deepwater horizon was bad, but nowhere near as bad as Chernobyl or Fukushima. Also it wasn't a power plant, not even indirectly as oil is mostly used for transportation, not electricity. Chernobyl and Fukushima were power plants.

So again, there is just no comparison between nuclear plants and any other power plant. Nuclear really does have a unique level of risk.

Risk is often defined as consequence x likelihood, and for nuclear the consequence is immense. Meaning effort has to be spent keeping the likelihood extremely small, in order for the risk to be low.

This has to be accepted and considered in any discussion about nuclear power. Pretending it doesn't exist is not rational.

3h agoHN ↗

It's cheap to operate. See https://www.kkg.ch/de/uns/geschaefts-nachhaltigkeitsberichte...

The statement about getting 70% from Russia is total bullshit

What non zero chance of millions of casualties? Chernobyl, a shit design that weren't allowed in the west even then is estimated to kill about 4k in total. In Fukushima the number is zero or 1 deaths from radiation due to low dose. And that's old gen2 reactor striken by tsunami and earthquake

I've seen what antinuclear europe does to remove the weakness of renewables - subsidies for new gas peakers in Germany

5h agoHN ↗

Oh it has tons of cons:

1. It's the most expensive form of electricity;

2. Even that cost is only obtained by accounting tricks, basically arguing the life of the plant is 60 years;

3. The true cost in the last 30 years just isn't known (eg Hinkley Point-C);

4. Processing of uranium ore into fuel creates is an unsolved problem when it comes to waste byproducts eg UF6;

5. Processing and storage of spent fuel is an unsolved problem. No, you can't just stick it in a cave. Most spent fuel requires active cooling for years, possibly decades;

6. Long term investment in maintenance is super-important and something that particularly private companies are incredibly bad at as evidence by the infrastructure management of every private utility in the US;

7. They take 15-25 years to build, typically, if you're anyone but China. Who know how cheap the alternatives will be by then? Look at solar's price collapse;

8. SMR does not work and will not work. It's a myth sold to government to siphon grants;

9. The cost of a catastrophe of a single plant is many orders of magnitude higher than any other power plants. Examples: Chernobyl, Fukushima. And yes I can already feel the hand-waving away of "outliers";

10. No nuclear power plant has ever been built without significant government subsidies; and

11. No nuclear power plant pays the true insurance cost. Those costs will ultimately fall onto the taxpayer who will typically enjoy none of the proits.

4h agoHN ↗

No nuclear power plant pays the true insurance cost.

Do fossil fuel plants pay co2 costs, or insurance costs for killing the planet? Well, it wouldn't make any sense, since it's not accidents that kill in that case, but the steady state.

The radiation from coal power alone (excluding accidents) kills more people every single year than nuclear power has killed in its entire existence (even including accidents).

17h agoHN ↗

Nuclear power plants are uninsurable in the private market. There is no natural investor base for a product that is uninsurable. Unless you are an imagining a culture war where real capitalists are fighting corporate welfare queens, it's not a culture war issue.

17h agoHN ↗

It is sad that this has become a topic of the culture wars. Nothing good comes out of this, certainly not a rational weighing of the pros and cons of nuclear power.

For at least the past decade, about all I've seen argued about nuclear is that it is not economical. I've been arguing that for around 15 years now.

16h agoHN ↗

People have been arguing nuclear is too expensive and soon renewables will be so cheap they will push fossil fuels out of the grid for 30 years, if not more. Meanwhile during those 30 years, while waiting for the price of renewables to drop sufficiently, the world has built massive amounts of fossil power generation and emissions have been going up and up.

That being said, it seems finally solar+wind+storage+a little bit of other stuff is becoming cheap enough that it's starting to make a dent in the emissions. Which is fantastic, don't get me wrong. But it's also sad we've lost decades.

16h agoHN ↗

And nuclear has still sat there being too expensive and solving nothing, proving the point, but apparently this is evidence of the opposite.

16h agoHN ↗

My argument was that while waiting for renewables to become cheap, we could have built nuclear instead of fossil capacity and avoided a shitton of emissions. The Messmer plan being an existence proof that such a thing would have been possible.

7h agoHN ↗

Renewables passed nuclear a long time ago. If the economics of renewables weren't making sense, the economics of nuclear were worse.

3h agoHN ↗

It can happen like in Sweden with proper guarantees

18h agoHN ↗

Rather than reviving the large reactors of the past, the government is focusing on small modular reactors, or SMRs, and other advanced technologies that supporters say could be safer, more flexible and quicker to build.

The legislation does not authorize the construction of any reactors. Instead, it creates the regulatory foundation needed before future projects can be proposed, assessed and approved.

Giant step for SMRs. I'm hopefull for greater NATO collaboration regarding energy security if SMRs prove commercially viable.

18h agoHN ↗

I don't understand why people are so bullish about SMRs. 25 years ago we were trying to increase reactor size and testing breeders, no we want smaller reactors, for what reason?

18h agoHN ↗

I always thought it was about commoditization: sure a SMR might cost 10x more per watt in theory but if you can reliably roll them off the production line without having to redesign each iteration and without the cost overrunning by 10x, it pays for itself.

17h agoHN ↗

A theory with a lot of leaps that is in no way guaranteed. But it’s a nice idea

17h agoHN ↗

It will reliably cost only 10x, and it theory it will roll of a production line.

The AP1000 reactors at Vogtle were explicitly marked for the modular construction as a key selling feature, which would reduce time and cost. It came out 20B over budget and 7 years late.

17h agoHN ↗

It's a great story: in theory you can produce modular components of a full scale nuclear power plant in a controlled environment. In theory.

In practice the production line wasn't as controlled as it needed to be and ended up delivering modules that needed significant rework. That caused modules to be delivered and ready out of order. In other words they bought a lot of project management complexity that was hidden behind the theory of modularity.

SMRs are turning out to be even more expensive than conventional nuclear power plants, which are so expensive compared to renewables that even without a risk premium they are uncompetitive.

17h agoHN ↗

Vogtle, Hinkley Point C- are all one off constructions and have very expensive regulatory compliance requirements

AP1000 (reactor as Vogtle 3/4) in Taishan is estimated to cost $4M-6M /MW compared to $15M/MW+ at Vogtle. if Chinese safety standards seem lax, South Korea does regularly reactors at $4-6M/MW range.

Even Flameville 3 in France was significantly cheaper than Hinkley point C (same reactor type), which infamously required some quite ineffective Fish speakers. The EPR2 series (6 reactors) in France is expected to cost considerably less than Flameville did.

Key to cheap nuclear - SMR or otherwise is regular construction. SMR makes regular construction more likely as each plant is not a $10-20B+ capex that is a tough sell to tax payers particularly when it inevitably overruns, SMR also potentially have a bit less regulatory hoops to jump through due to their smaller size.

17h agoHN ↗

Look at the proposed EPR2 subsidies. It is interest free loans and €100 per MWh on top of that, while assuming large learning effects.

They are admitting Flamanville 3 like costs before they have even started building.

16h agoHN ↗

Overnight costs do not get impacted by guaranteed purchase price or subsidy for it neither does it include interest rates. It is a specific aspect of the TCO.

Nobody is saying nuclear is cheap it is not - we will be building a plant once in while for pure strategic reason no matter the cost anyway. The point is construction cost comes down per MW with higher frequency of plant building, and this is the case SMRs, we can get cheaper construction both Per MW and overall TCO in absolute dollar terms relative to large plants with SMRs.

17h agoHN ↗

Are we prepared to play kingmaker and pick one SMR design to standardize on so that those can ride their theoretical learning curve (assuming we get enough buyers)? Because politically that doesn't seem likely, and I think we'll end up with the units that do get contracted to be spread across multiple firms, none of which make it out of the expensive first few units.

Even Flameville 3 in France was significantly cheaper than Hinkley point C

Per wikipedia: initial cost estimate €3.3 billion, cost in 2020 (6 years before it was done) €19.1 billion, so 5.8x the budget. Supposed to enter operation in 2012, entered in 2026 "only" 14 years late.

These are terrible results.

That EPR2 series are "expected" to cost less says absolutely nothing. Flameville 3 was expected to cost 83% less too, and I except that if they swindle people for the money to build it we'll see it'll be just as much of an overrun.

The nuclear industry seem absolutely incapable of sticking to a timeline or budget. And any one of these failures should have been disqualifying. But they get to do it over and over again.

16h agoHN ↗

That is why even Flameville 3 was cheaper than Hinkley point C, not that it was cheap.

Flameville 3 is the first reactor for France in 21st century and suffers the frequency problem I am arguing. It was a path finder therefore only one was ever ordered. EPR2 is 6 under construction and France does have a track record of doing it consistently at scale for cheap(by nuclear standards).

The Asian giants all do it for cheaper because they build regularly, Japan (post Fukushima policy direction notwithstanding) and South Korea achieve overnight numbers of $5-6M/MW or less, so does China.

Regular construction is key, to the industry having a chance, without SMR that is never realistic anymore.

14h agoHN ↗

The most annoying thing about Hinkley Point C is that after all the delays and investments, the electricity it generates won’t even be cheap. £133/MWh!

Right now we have politicians arguing that a £90/MWh strike price for offshore wind - where the construction of the wind farm is entirely encapsulated by the strike price - is expensive.

17h agoHN ↗

Still doesn't make sense. We could have standardized the old reactors too.

Radioactive material and a bit of water.. there's no reason to design those things a hundred times. France actually did that.

France is still shutting down its plants because the rivers are too warm in the summer. As for floating SMBs in the harbour, I don't think climate change will be kind to this idea.

17h agoHN ↗

You can’t standardize manufacturing of multi billion dollar facilities. Economies of scale just don’t work that way. Even residential housing has the same problem. There’s too much variation in on-site construction.

17h agoHN ↗

New suburb housing developments in North America typically use a handful of floorplans that are customized very slightly across many homes specifically so they don’t need hundreds of unique designs

15h agoHN ↗

Also the majority of changes someone might want with stud frame construction are simple and require 10 seconds of drawing to show the framer.

The whole point of stud frame construction is that you can do basically whatever you want because it is overbuilt and all the connections and joints simple.

14h agoHN ↗

Right. So why don’t we see residential construction costs fall with this standardization? Because wright’s law / economies of scale don’t work when you are doing all the assembly on site.

17h agoHN ↗

Single family homes are very much standardized. You get doors in one of 6 widths (IIRC), and they are all the same height (closet doors are a different height, but otherwise standard). You get windows in a few dozen sizes. You get your wall studs in one of two lengths. And so on.

There is a lot of variation of layout possible within the constraints of the standard. However the vast majority of the hard work is done in a factory to standard sizes, and the onsite work is just final assembly to easy to change specs, so there would be no advantage to a standard.

17h agoHN ↗

Floating nuclear plants next to a city sound like a recipe for disaster

17h agoHN ↗

France is still shutting down its plants because the rivers are too warm in the summer.

That's because French nuclear power plants are designed to be directly cooled by river water instead of using cooling towers.

The biggest nuclear power plant in the US (Palo Verde Generating Station in Arizona) is cooled by evaporating the treated wastewater, in the desert.

17h agoHN ↗

All these extra methods of preserving water adds cost, to a technology where paid off plants are struggling. Let alone ruinously expensive new builds.

16h agoHN ↗

At least these installations don't need to deal with radioactive material directly, so they will have the same financial infact as similar improvements to, say, coal-fired power plants.

16h agoHN ↗

They don't materially affect the cost of a nuclear power plant. Cooling towers or evaporating ponds are not expensive. Coal and gas power plants also use them.

You just can't easily retrofit them onto an _existing_ power plant.

17h agoHN ↗

We were still learning about flaws and failure modes of nuclear reactors. Designs kept evolving to try to address these. We never got to the passenger airliner model where we had systematically eliminated nearly every failure mode and could produce this on an assembly line.

7h agoHN ↗

They were already safer than coal...by several orders of magnitude. A Chernobyl level disaster every single year would have killed fewer people than coal power. The level of safety you are describing has literally killed millions of people.

Commoditizing the existing reactors of 40-50 years ago would have lead to a dramatically better world than we currently live in, with cheaper power, essentially defeated climate change, better air quality, and fewer premature deaths associated with that air quality.

2h agoHN ↗

The designs didn't evolve, the requirements did. That's going to happen to SMBs too.

You build 10, someone is concerned about a flaw, you build the next 90 differently. Oops!

16h agoHN ↗

We could have standardized the old reactors too.

Yes, but the potential market for GW-size reactors is fairly limited.

Now, whether the market for any of these SMR reactors is large enough that any of them will be able to see any of these supposed economies of scale is a big question.

14h agoHN ↗

You can in theory build a SMR next to a data centre, so I guess we’ll find out

2h agoHN ↗

Yes, but the potential market for GW-size reactors is fairly limited.

It is not. There are roughly 200 >1GW reactors.

The US just doesn't want Chinese reactors and vice versa. The same problem will haunt SMBs.

17h agoHN ↗

Wright’s law is the only way to reduce costs. It’s a generalization of Moore’s law. The more of anything you build the cheaper it gets. Most products get 10% - 20% cheaper every time total production volume doubles. The most obvious example right now is rockets - launch costs are going down exponentially because we (SpaceX mostly) are doing so much of it we are finally getting economies of scale. SMRs will too, but only if they become popular. It’s a little bit of chicken and egg, but the economics are clear. If lots of people start using SMRs they WILL get cheap. And it’s a form factor where it’s plausible lots of people will.

17h agoHN ↗

That's another interesting theory, but Wright's law doesn't mitigate many other disadvantages of SMRs: the need for multi site security; the need for on-site technicians at more sites; the need to build grid hook up to more locations, etc. There's a reason reactors grew to a certain size, no smaller and no bigger. Ignoring that lesson has a high price.

17h agoHN ↗

There is no economic case for SMR that you couldn't make for a larger one with a massive benefit of economies of scale. SMRs are - in my opinion - a dead end, larger reactors could work well but will be delivered later and likely will still not be profitable on a KWh basis when compared to an equivalent installed base of solar and wind and will most likely be deliver much, much later.

17h agoHN ↗

Prefab & faster construction possibilities would be a big one.

17h agoHN ↗

Large reactors require unobtanium-class material engineering. Only a few companies in the _world_ can make large reactor vessels.

In contrast, SMRs are being sold as something that you can weld together in your garage and use them as a replacement for your water heater. And you don't need all those large containment structures and gigawatt-scale turbines.

This makes it much easier to get funding, as you don't need to show that you have a firm agreement with all the suppliers.

I don't like this at all, but it _might_ result in us regaining some experience in building nuclear power plants.

17h agoHN ↗

after voters *twice* rejected it in national referendums

Democracy is just lovely.

Have your citizens answer to a straightforward question on a topic twice, have them reject it, both times.

And the government will still go its way.

I'm not against nuclear per se, I'm just baffled at the "democratic" process.

17h agoHN ↗

Shouldn't people be allowed to change their minds?

A party can lose three election, and if they win the fourth, they still get into power.

17h agoHN ↗

The referendums were in 1987 and 2011, respectively. Asking once every 15+ years seems fine, the population changes and opinions change.

It’s much less frequent than the usual democratic election cycle, where people are also allowed to reevaluate their positions.

16h agoHN ↗

Asking once every 15+ years seems fine, the population changes and opinions change.

But nobody asked, there hasn't been a third referendum.

16h agoHN ↗

It doesn't work that way in Italy. A popular referendum can only abolish an existing law, partially or fully. The general public cannot vote to adopt new legislation.

17h agoHN ↗

The government was elected by the people - if they disagree with this decision it will have consequences in the next election.

I think the public opinion and sentiment has changed quite significantly since 2011 when the last referendum was held.

The current Italian government is massively populist so they wouldn’t do this if they thought people would disagree.

I don’t see any problem with the democratic process here - sure it’s a flawed system but I believe it’s still the best we came up with so far

17h agoHN ↗

I am not debating the benefits of democracy, rather how there's no democracy at all if a referendum is not legally binding and a government can disregard the result.

6h agoHN ↗

The referendum is obviously legally binding, the laws they were about were abrogated as the vote requested and it's been 15 years since the last one.

Since then politics shifted, technology changed, the geopolitical situation changed, 10 million people died, 9 million people became adults that weren't before

If people are still against nuclear the same mechanism to call for a referendum to reject this law still exists and there's elections next year anyway.

5h agoHN ↗

Mind you the referendum vote was held only 2 years after the Chernobyl incident

17h agoHN ↗

I'm Italian and I'm super happy with this.

The referendum that made nuclear energy illegal in Italy was held right after the accident of Chernobyl; people voted with their gut, not with their mind.

Curiously enough, some Italian town signs still have a small sub-sign reading "denuclearized municipality" (example: https://live.staticflickr.com/1421/712461235_e46a2c7db5_z.jp... )

17h agoHN ↗

As someone who thinks nuclear is both less efficient and much more expensive than renewable energies - would you mind sharing a bit why this makes you happy?

Since all plants in Italy are closed since the 90s won’t it take decades and billions of tax euros to get them back operational again?

17h agoHN ↗

It's cheaper if you stop caring about safety, right? In the USA it's now illegal for reactors to have adequate shielding - "as low as reasonably possible" is officially "woke"

13h agoHN ↗

"as low as reasonably possible" is a massive overkill.

US killing the linear no-threshold model is a good thing. LNT model assumes that absolutely no amount of radioactivity is safe, which is provably wrong.

It has nothing to do with safety if the model that required "as low as reasonably possible" is bullshit per se.

The maximum allowed annual radiation dose for US radiation workers is 50mSv/year. It's just 16x the global average background radiation. And that's the average. In reality it's more like 5x - 25x.

For cancer specifically we're seeing marginally increased risk at 100 mSv/year, but it doesn't really become worrying enough until we're at 300-500 mSv/year.

1h agoHN ↗

And is it reasonable to get their doses that low?

17h agoHN ↗

About the last question, i don't think the old plants will play any part in this eventual return.

17h agoHN ↗

Fair - but using new (unproven) technology imo only increases the cost/time/risk overall?

2h agoHN ↗

Then just build GenIII+ PWRs like most other countries.

17h agoHN ↗

The idea is to go to new-generation SMRs, not revive decades-old plants, which is actually impossible.

17h agoHN ↗

Aren’t SMRs essentially unproven? I think only Russia and China built some working facilities, and the rest is still under construction.

I mean anything could happen but seems like a long shot

17h agoHN ↗

They are, but if the country has a law forbidding you from doing anything, things cannot move forward. If they'll not work, of course they won't be built. And large classic reactors are unlikely to be built either, even with this new law.

17h agoHN ↗

Gotcha - yea I think it’s a good idea to try out these things. I just hope it doesn’t become a ideological fight to make something work at any cost to fit a certain narrative (same goes for renewables of course)

14h agoHN ↗

In a nutshell, yes.

The argument is that small-scale nuclear reactors have been built for military and scientific applications so the tech is not especially novel.

What I think is unproven is whether SMRs can be built and run safely while being cost-effective to other forms of power.

I wouldn’t be surprised, for example, if it actually costs less to build and run one full-scale reactor than it does for multiple SMRs of the same output.

That doesn’t mean they won’t have a use.

13h agoHN ↗

Yeah, the issue isn't knowing how to build small reactors, it's whether you can do so with enough economy of scale and learning to make it cheaper than conventional nuclear.

And I personally have switched from bull to bear on that. I was rooting for NuScale but they're hitting the same thing as everyone else.

Meanwhile, battery storage has been on an insane cost reduction curve.

12h agoHN ↗

This is a key point to many things. Need to identify the difference between technically viable and economically viable.

It is the same argument I make for Starship. Technically, yeah it should work. The economics of of going to Mars, not so sure about that.

11h agoHN ↗

If they can get Starship reliable enough, it'll definitely be successful even if it never goes to mars.

But despite SpaceX's huge successes with Falcon, that doesn't prove they'll cross the finish line with Starship. Falcon and specifically the Merlin engine made just about every choice they could in favor of risk reduction rather than the best possible performance. It was a continuation of work that Tom Mueller did while at TRW.

With Starship they're in more uncharted territory, especially the re-entry concept, and the engine has been designed under the opposite philosophy of trying to push limits.

2h agoHN ↗

Countries should definitely evaluate LMRs (Large Modular Reactors) too. Most countries need large amounts of carbon free energy, not small amounts. And nuclear power plant economics have profited in the past from making larger, more powerful reactor units.

But yeah their most modern nuclear power plant was a BWR 4 with Mark II containment, which would probably not be worth modernizing instead of building a new GenIII+ PWR from scratch that lasts a century.

17h agoHN ↗

It’s not either or, you need both. We haven’t solved energy storage so renewables can’t be the only source of energy. If you look at Value-Adjusted Levelized Cost of Electricity (VALCOE) it changes the calculation quite a bit. We have negative energy prices a few times per year in Europe as it is.

17h agoHN ↗

We’ve solved both. The research has moved on from VALCOE to whole system modeling. Including transmission, storage, backup, firming and modeling it hour by hour.

Studies are converging on renewable energy systems being cheaper in climates ranging from Australia to the Nordics:

Some recent ones:

Finland, 2025: nuclear scenarios 71–84% higher system cost; unrestricted least-cost optimization builds zero new nuclear. https://www.sciencedirect.com/science/article/pii/S036054422...

Denmark, 2026: system-level LCOE including storage, flexibility and system integration; renewables substantially cheaper than nuclear. https://www.sciencedirect.com/science/article/pii/S036054422...

Australia, CSIRO + AEMO GenCost 2025–26: whole-system modelling including transmission, storage and firming; renewables + storage remain the lowest-cost net-zero pathway. https://www.csiro.au/en/research/technology-space/energy/Ele...

16h agoHN ↗

I'm interested in why people think this is wrong, in case this is the reason for the downvotes.

15h agoHN ↗

Because what is true for these 3 countries is not true for all countries. There are counter-examples where nuclear is cheaper.

In most countries which don't have the advantages of Australia or Finland, you do need a mix as the OP was saying

14h agoHN ↗

Usually comes down to industry energy needs.

13h agoHN ↗

I didn't downvote but it's nonsense, nobody can sustain a winter with batteries and other storage.

I only checked the first paper and it doesn't seem talk about what would happen if a 3 weeks bad wind event would happen in winter, and a rough look at the figures makes me think it just wouldn't work at all. I didn't check the other papers.

And the proof is in the pudding anyways, if it's that cheap and feasible to do, well let's see who's doing it.

13h agoHN ↗

It is Simon Michaux that throws out the figure that you need 2TWH of storage to make it through he worse of Winter.

https://www.ecoshock.org/2024/02/why-renewables-cannot-power...

I think he points to a valid point but completely over plays his hand. Everyone that has argued these kinds of points have brought valid arguments but have completely under estimated the pace of change.

Do keep in mind that Michaux is a fan of being a little contrarian. He likes the attention it being to him.

He might be right, and him pointing to the issues may actually be something that helps us avoid these issues. Generally, knowing about a problem is a much better position than being slammed by something you didn't anticipate.

I tend to think long term we are going to a much lower energy world, that we made the mistake of building a world and our expectations to the paradigm of fossil fuels. But I also think that we are not going back to the stone age and that renewables will do better than the pessimists. Good chance we will hit a reasonable mid-ground even if it means living standards change, possibly a smaller, slower but more intentional world. It may be nice even if it means you can no longer get a slab of Coke for an hours wage.

9h agoHN ↗

I think the complete opposite, we are going towards a high energy world, I expect the current electric grid to be multipled by 3, both to replace petrol and add new usage on top.

Which makes the whole "we'll build renewables and storage" sounds even more unrealistic

5h agoHN ↗

They just model the weather hour by hour. But you’re made up scenario is of course impossible to cover.

2h agoHN ↗

OP (ViewTrick) is very well known in the online nuclear energy community. He is the moderator of the NuclearEnergy subreddit where he regularly bans people for saying positive things about nuclear energy.

11h agoHN ↗

I do a lot of work in this space, including all that modeling you mentioned. "Solved" is a bit of an overstatement. The system works, and it can work with renewables+storage (modulo total supply of BESS is not there yet). However, there is high tail risk to not having steady baseload power.

And, even under ideal conditions, baseload is still quite hard. Especially in Southern Europe (e.g. which has quite a bit less land than Australia, and less wind than the nordic countries).

Fundamentally, I agree that it boils down to cost, and the people writing $XXB checks are generally pretty good at financial modeling. If nuclear makes sense, and the regulations allow it, they will build it. However, it's fighting against a highly variable, zero-marginal-cost renewable market with something that is high capex. Same reason people don't build new coal in the US despite certain politicians trying to popularize it.

My guess... If it does take off, either it will have to be wildly cheap (unlikely), or there are geopolitical concerns about the gas backup that Italy currently relies on so heavily to make the renewables work.

4h agoHN ↗

I love renewables, especially solar with batteries, but I definitely see the tail risks of not having some amount of independent base load, for which nuclear seems like the best fit. The tail risk could materialize from different sources; could be an asteroid, nuclear war, weird weather patterns etc. nuclear would chug along in most of these conditions. So if I would be a policy maker or decision maker, I would definitely invest in nuclear and maintain an industry regardless of the initial cost. I would try to make it as cheap as possible.

3h agoHN ↗

This is having decided that we must waste money and resources on new nuclear, and trying to rationalize it.

We fix tail risks when we encounter them. Not by envisioning your pet ones to make your solution fit.

2h agoHN ↗

We fix tail risks when we encounter them

You're suggesting to start fixing the issue after the blackout happens?

2h agoHN ↗

Building the only dispatchable source of zero CO2 emissions electricity is not a waste of money.

5h agoHN ↗

Until one day a volcano wakes up and decides no one can have sunlight for a few months.

Edit to add: heh, the CSIRO eh? That bastion of truth.

5h agoHN ↗

Or do you mean half the French nuclear fleet offline due to corrosion and cracking issues? Or the majority of the Eastern European due too hot or low rivers? Or half the Swedish fleet multiple times the last couple of years?

Please do tell what is wrong with the CSIRO GenCost.

4h agoHN ↗

There are scenarios where either can fail, that’s why it’s smart to have a multi pronged energy strategy. Maintain strong industries for being able to do both renewables and nuclear in house so you can hedge the tail risks of either of them. Not everything needs to have the most economically efficient model. As we’ve seen with the supply chain problems they happened during Covid, some things are more important than absolute cost.

3h agoHN ↗

"Multi pronged" works when different technologies complement each other. The problem is that renewables and nucelar power competes for the same slice, a battle nuclear loses with a mile. Any grid will include emergency reserves. But those optimize for lowest possible CAPEX and higher OPEX. Since they sit idle most of the time.

Nuclear power has the opposite spread of ruinously expensive CAPEX and acceptable OPEX.

I would say the pandemic shows that you do not need to account for every possibility. Humanity is amazing at adapting itself and finding new solutions to the problem at hand, rather than wasting all our resources trying to prevent the next made up disaster.

This is why we model with 10 year winters, X00 year floods or similar. Fix reasonable problems, leave the tail risk as tail risk. The worst that happens are rolling blackouts until the grid adapts, which is no different than any other outage due to grid maintenance or someone cutting a cable with a digger.

3h agoHN ↗

Valcoe paper is written by the founder of antinuclear movement in Denmark(which led at ti becoming one of the highest coal burners), has wild assumptions about hydrogen getting basically free for firming

Australia's weather is different from what we got in Europe. And let's not pretend many of aemos estimations are already obsolete due to increased costs of transmission and hydro storage that are huilt.

Dk still has worse emissions vs france/sweden, just like SA

If you don't like nuclear, you'll have gas peakers, like Germany

2h agoHN ↗

Germany made their electricity both very expensive and high CO2 per joule.

17h agoHN ↗

Whether it's more expensive or not depends on how you measure "cost", and including intermittency and storage costs for renewables seems to favor Nuclear in many cases[1][2]. Based on real-world examples of countries that traded one for the other, like Germany, renewables look quite bad economically. I know there's a lot of hand waving about how this has to do with how electric auctions work, but this seems like a convenient excuse.

[1] https://www.sciencedirect.com/science/article/abs/pii/S03605...

[2] https://en.wikipedia.org/wiki/Cost_of_electricity_by_source#...

17h agoHN ↗

Thanks for sharing those links, very interesting.

I guess ultimately the nuclear vs renewables discussion is coloured a lot by feelings nowadays.

Resources like this help a lot to form a more nuanced understanding grounded in reality - but otoh I have to admit that a lot of this goes over my head - like even trying to understand how the economy works around this is mind boggling complex. I’ll need a deeper look to understand it better and build a more informed opinion tbh

16h agoHN ↗

Two words: base load

And no you’re not solving it with a buffer (batteries or any kind of other energy storage for that matter)

16h agoHN ↗

Can you use more than 2 words in your explanation next time? Reciting known talking points offers little.

16h agoHN ↗

The fact that nuclear is good at the easy part of power production is not a point in favor of nuclear. Grids are built to peak needs; any grid that can handle peak load can handle base load.

16h agoHN ↗

Is there something unique to Italy that makes it an intractable problem? Where I live we've been able to shift a huge amount of our fossil fuels over to batteries in a relatively short time. It's nice that nuclear has power production 24/7 but it seems unnecessary when there's already a glut during the daytime

13h agoHN ↗

Six words: base load generation is economically obsolete

16h agoHN ↗

can you link to data to prove the economics are bad?

11h agoHN ↗

If it's actually inefficient, there's no need to have laws against it.

10h agoHN ↗

I don’t follow that logic. Because there was a law against its efficient?

5h agoHN ↗

I wonder why China has brought 27 nuclear reactors online in the past 10 years, with another 36 actively being developed.

5h agoHN ↗

It doesn’t matter what you think. What does the data tell us?

Won’t it also take decades and cost billions to roll out renewables to the extend that they can even put a dent in total energy usage? So I don’t see how that is even an argument.

3h agoHN ↗

Because both are needed if you don't like gas. Fossils take even more billions so it's ok

14h agoHN ↗

Anywhere on this map. And you'd call it earthquake-proof, and when the next earthquake causes Fukushima 2, you just blame the contractors or something.

13h agoHN ↗

I think that there are plenty of blue areas on that map

7h agoHN ↗

wow, seems like Italy and Turkey are few places where you _would not_ want to go back to nuclear. Wild. I guess the old geezers approving this wouldn't even live to see the first meltdown anyway.

5h agoHN ↗

That doesn't look good, and that's before you filter by proximity to a large river (that doesn't run dry in summer).

I would say near Pisa, on the Arno River.

5h agoHN ↗

Scroll up. There was one in Trino, Piedmont, which I imagine will be among the first sites to be considered.

Judging from the map, Piedmont, Liguria, Trentino, Tuscany and Basilicata have good sites.

3h agoHN ↗

For a point of comparison, I understand the Fukushima plant survived the mag 9 earthquake just fine - but got damaged by the ensuing tsunami. Specifically, the water flooded the diesel generators for emergency cooling - and it went downhill from there.

Is the Italian coastline at high risk of tsunamis as well?

2h agoHN ↗

Just like with skyscrapers in Taiwan, we can and have built earthquake-resistant nuclear power plants before. Fukushima only failed due to the tsunami water shorting transmission lines and the emergency generators. It withstood the earthquake itself fine.

17h agoHN ↗

I've seen quite a few SMR proposals over the last couple of years and not a single one that dared to address the whole cycle from deployment to eventual decommission as a function of the total revenues - costs to operate. Most of these projects seem to be made to bilk investors or governments rather than to actually produce power. The day Italy produces the first KWh that is net profitable to the operators without counting subsidies I will be highly amazed, and that's assuming they get to operational in the first place.

17h agoHN ↗

I agree, I tell everyone who will listen that no country, not Russia, China, Japan, France, USA etc has ever made nuclear power profitable. And you can't blame it on the environmentalists in China and Russia.

That being said, many countries consider it a national security issue not to be held hostage to foreign oil.

17h agoHN ↗

China, Russia and the USA all have massive and vested interests in fossil fuels. In the US for example we’ve been subsidizing the everloving hell out of fossil, eroding regulations that would hold them accountable for externalities…

…and then people wonder why nuclear isn’t competitive. When you hold one thing under a microscope because “radiation” scares people, we end up with millions dead per year from air and water pollution due to fossil fuels.

16h agoHN ↗

I am someone who knows, hence my disgust. Time to learn about the radioactivity of coal fly ash and how carefully that’s managed.

16h agoHN ↗

Oh, I know and am in favor of shutting coal down asap and before nuclear. But you seem to imply handling radioactivity is not a big problem compared to fossils, but I believe it is, considering how faulty and corrupt individual humans are, or corporations or government bodies doing the oversight.

16h agoHN ↗

I believe burning coal realease far more Uranium and radioactive material than nuclear ever did. Listing the plane crashes over the last century wont buldge the statistics of the safety of this mean of transportation.

16h agoHN ↗

Did I imply anywhere anyhow that I am a fan of coal?

I just don't think it is a good idea to replace something dirty with something else dirty that is indeed quite safe if all goes well, but is horrible if something goes wrong.

Italy has lot's of sun and wind (and geothermal potential).

14h agoHN ↗

Everything is a comparison to what exists, not your dreams. The alternative to coal today isn't just renewables, and thinking in those absolute terms is in large part what's handed the fossil fuel lobby decades of default victories.

We don't have time for perfect solution, do all of what you said AND THEN ALSO MORE.

13h agoHN ↗

"We don't have time for perfect solution"

Exactly. You can buy and deploy solar, wind and batteries as much as you want now. If you care about strategic independence, build factories for them.

But a nuclear reactor takes a long time to get build. And is likely way more expensive. If italy manages to do it fast and cheap - other countries will follow, but I believe it when I see it.

17h agoHN ↗

China also? How is that? China is a big importer of oil, and is heavily burning coal (more than 50% their energy mix), that is also partly imported. They are fighting for a cleaner energy not because they are green but because they don't want to be dependent on imports, and some people even accuse them of undercutting solar panel pricing to get all the world market.

They are installing nuclear power like no other country (1 GW yearly since 2014), and Wikipedia says that 50% of all nuclear capacity being built is in China (https://en.wikipedia.org/wiki/Nuclear_power_by_country): 37 new reactors, followed by India with 6 and Russia, Egypt and Korea with 4. USA and France, which are both pro-nuclear or nuclear neutral, are building 0 reactors. But yeah, China has interests against nuclear power.

You are not helping your case by spreading misinformation and calling other people misinformed by making a strawman ("radiation scares people"). I am against nuclear (or rather not pro-nuclear) because it is not economically sound, because it is massively subsidized by Governments for the private sector to profit.

16h agoHN ↗

If china that is the number one producer of solar panels and batteries is investing in nuclear perhaps that shows that indeed it's not such a bad bet? Specially taking into account the military applications of such capabilities.

It would also seem that investing into it may perhaps render significant gains into the future as R&D becomes more involved with actual running systems and funded (skin in the game?)

It seems the only ones who lost by abandoning their nuclear programs were European countries (specially Germany) in detriment of Russia and other Oil trading countries... It's even probable that much of the "bad press" nuclear has had for the past decades was in fact instigated by oil-producing countries doesn't it?

16h agoHN ↗

Coal's share of electricity production in China fell below 50% in 2026 for the first time ever. This is despite idling nat gas plants due to the war in Iran messing up shipments.

Nuclear's share of electricity in China is below 4% and dropping. They do not use a significant amount of nuclear. That this insignificant amount of nuclear is more than any other country is quite telling.

10h agoHN ↗

Quite telling, but then so is climate change and it's not exactly hard to understand the motives of those who want(ed) to deny it for power and profit. We should be listening to their wise advice on this topic... why?

16h agoHN ↗

China has some coal reserves but overall they're a major net fossil fuel importer. They're quite short of crude oil and natural gas reserves relative to demand. This is a serious national security risk which is why they've been rapidly electrifying their economy and building solar, nuclear, and hydro power plants (along with coal fired power plants).

16h agoHN ↗

I never claimed that China is "going green" (whatever that means), merely that they're gradually reducing their dependence on imported fossil fuels.

15h agoHN ↗

Maybe emissions fell because industrial activity fell instead? Maybe oil and gas have been used less because the cost has risen. Maybe that explains coal as well depending on how it is used. I’m speculating coal might be used in the production of steel - what if that product is highly tariffed in the US and EU so China had to cut back?

China is “greening” but we should be skeptical that it’s out of some lofty moral goal. If it was they wouldn’t be hoarding the production of rare earth minerals and would be freely giving away technology for the sake of the planet.

14h agoHN ↗

Oh you're correct, the same thing is happening in India without any of the nonsense fanfare.

https://www.carbonbrief.org/analysis-coal-power-drops-in-chi...

https://www.carbonbrief.org/wp-content/uploads/2026/01/span-...

You can see the same dips hit at the same time for the same reason.

In terms of Chinese coal though there's a reason boosters always talk about percentages and not absolute number... one goes down, but the other keeps rising. Even if China continues on the current course in terms of tonnage burned they won't reach "peak coal" until at least 2030.

14h agoHN ↗

Your own link says the following:

After the first three quarters of the year, China’s CO2 emissions in 2025 are now finely balanced between a small fall or rise, depending on what happens in the last quarter.

And then goes on to describe how the largest drop (3%) is happening at a time when it just happens that fuel is increasingly expensive and scarce, shipping is increasingly expensive and slow, and the global economy has spent months grinding increasingly towards a terrible outcome.

People might as well brag about their incredible weight loss journey through amputation.

8h agoHN ↗

That's 50% of electricity, but not 50% of energy. Coal still provides ~80% of energy IIRC (roughly 10% is carbon-free and growing faster than the US). China burns so, so much coal, while much of the world has shifted to natural gas, which has much less carbon per energy.

1h agoHN ↗

You don't recall correctly. Coal is also 50% of energy. It's used a lot for heating, but that is dropping rapidly. It's used in manufacturing, but that is also doing rapidly, except for steel. It's not used for transportation.

15h agoHN ↗

China can be going green while also refusing to constrain it's economic growth on the short term.

When you actually build things, throwing up a coal plant for 10 years because you need it while you grow your solar and battery industries or wait for reactors to cover your base load is just sensible.

All narratives about China always have this static world baked into them: "they're currently like this, and that's all they'll ever be". But China develops fast. Shenzhen was a farming village by a ditch. 10 years ago buying a Chinese car was inconceivable - I took delivery on one yesterday, etc.

At some point in the very near future China is going to hit a cross over point on their emissions and they'll start falling fast because reactors + renewables will be building out fast enough they'll want the coal plants gone - no one likes ruling over a polluted wasteland.

Edit: it can also be the case that they don't care at all about going green...but renewable energy technology is the most sovereign possible energy security. No one can take away your access to the sun.

14h agoHN ↗

Fossil is flat or declining. Everything else is skyrocketing.

17h agoHN ↗

Why the myopic focus on profitability? Only one nation has succeeded in making healthcare profitable, please tell us how that has led to the best outcome for society?

16h agoHN ↗

Because for healthcare profit isn't a motive to begin with (or at least, it shouldn't be) and there aren't many different alternative sources for it either.

16h agoHN ↗

Healthcare is profitable like schools are, or roads, or public transportation, or sanitary systems: the goal is for us a society to live better.

When something is profitable in the sense that a few oligarchs make more an more money, I see it as a bug, not a feature.

15h agoHN ↗

Neither it is for nuclear. It fixes the externality

16h agoHN ↗

Because for power creation there are alternatives, but for healthcare there aren't. Renewables are cheap now and they also solve the sovereignty issue. Ideally we could use land currently dedicated to energy crops to install solar panels that operate at a significantly higher efficiency.

16h agoHN ↗

Many countries do not have the raw materials to build solar, wind turbines, and batteries so it doesn't solve the sovereignty issue.

15h agoHN ↗

Once you have a solar panel you can't be cut off from using it. It's not like oil where you need regular deliveries forever.

15h agoHN ↗

Sure, but when your existing ones break or you need more you can have issues.

3h agoHN ↗

You als can't be cut if you stockpile uranium for a decade or 2

14h agoHN ↗

That's like saying oil-producing countries aren't sovereign unless they also manufacture oil drills and pumps and pipes and tanks.

The sun is an oil well. Panels are drills or pumps. Batteries are oil tanks.

Not having oil drill and oil tank factories in your country isn't a critical energy sovereignty issue.

12h agoHN ↗

They don't need to make things themselves, they just need to have the capability to make it themselves to be sovereign.

If you get cut off from global oil trade while having oil in the ground but no ability to make drills, what use is the oil? If you want sovereignty then it is critical to have the ability to make drills, tankers, etc in your country if you rely on oil.

This is no different than solar panels, wind turbines, batteries, etc when it comes to renewables. If you don't care about sovereignty then great, you are good to go. If you do, then you need to be able to handle everything yourself otherwise you are always going to be reliant on other countries.

13h agoHN ↗

An awful lot more countries in the world have the potential to sovereign manufacture relatively simple renewables than the massive engineering in reactors

13h agoHN ↗

I am not talking about manufacturing but the resources necessary to build them.

16h agoHN ↗

And in a society that hasn’t made health care profitable (Italy), I waited 12 hours, literally on the floor, with a broken arm and covered in my own blood, before I was seen after a motorcycle accident.

I literally would’ve been better off flying to New York. I still have scars and nerve damage from the incredibly poor care in Italy’s medical system.

In the US, I was rushed into the ER in an ambulance and seen immediately after a car hit me while I was bicycling — and that was just because they were worried about the speed at which the accident occurred. They had me patched up within the hour. I was fine, road rash and sore for a couple weeks.

There’s no silver bullet here, but I’m very sure that healthcare is not a good analogy for nuclear power.

I’m also very sure that anyone that advocates for government healthcare should try actually using it in one of these countries. I hope you enjoy waiting and long-term adverse health effects from poor, delayed, and inaccessible care.

16h agoHN ↗

I’m also very sure that anyone that advocates for government healthcare should try actually using it in one of these countries

I actually do since I'm Italian lol

Don't get me wrong, what has happened to you feels at best a bad practice, at worst something that goes on the news or that has a legal proceeding afterwards. I've known people with good and bad experiences, I can't complain too much about it. Can I ask in which region? Italian Healthcare is somewhat region-dependant

15h agoHN ↗

This was at the Ospedale San Carlo di Nancy in Rome.

14h agoHN ↗

Understood, never had to deal with healthcare in Lazio region

13h agoHN ↗

Uhhh, some nerve damage, news worthy? Ho qualche dubbio al riguardo.

Fellow italian here, let's not act like our third rate ERs never leave people suffering for hours without caring that it may have lasting consequences. I understand it's partially due to understaffing, but this is the reality. My dad had this happen to him as well. Thanks

15h agoHN ↗

I had an non urgent injury in Spain last week. Went to A&E and was seen by a doctor, x-rayed, and given advice and the results within 90 minutes. I paid zero euros for that on top of my taxes. Maybe it's an Italian problem... And for sure Spain has its own issues as well, but private is not always necessarily better.

15h agoHN ↗

I've lived in Spain a couple years ago. I've seen the quality of its health care. Its easily 20 years behind the US and that's being charitable. The family that lived next to me had a man who had the exact same break I had had 20 years before. He had worse, more primitive care than I did in the US decades before. I had to explain to them why it was a bad idea for him to sit in his wheelchair all day because nobody in the Spanish system seemed to know how to care for a simple broken leg. You got what you paid for...

PS Spanish taxes are absurdly high...insurance in the US is still cheaper than the difference in taxes between the two countries. All that and an actual working economy and energy system.

15h agoHN ↗

Sometimes it works — but the overall quality, speed, and care outcomes remain, on average, very poor when compared to the US.

The price is only good if you ignore the outcomes and what you’re paying on the backend through taxes.

14h agoHN ↗

I waited 12 hours, literally on the floor, with a broken arm and covered in my own blood, before I was seen after a motorcycle accident.

So literally just a broken limb. Non-life threatening, can wait. Sorry, triage is a bitch. Some patients will literally die within minutes/hours if not actively treated. Go figure.

In the US, I was rushed into the ER in an ambulance

The second they dispatch an ambulance, you owe them how much exactly these days? $5000?

14h agoHN ↗

A broken limb, fractured elbow, deep cuts/lacerations/abrasions on my legs, elbow, and arms. I was in pain, my wounds were filled with gravel and dirt, and I just closed my eyes and laid on the floor and disassociated for twelve fucking hours. My girlfriend was losing her shit trying to advocate for me.

Subjectively applied, uncaring triage that leaves people poorly cared for is exactly what happens when you lack sufficient capacity, aren’t paying your staff enough to care, and staff's incentives aren’t sufficiently tied to their outcomes.

My father, an ER doctor in the US, was losing his shit over their quality of care when I FaceTimed him afterwards.

Your lack of compassion is also exactly what produces these kinds of systems. Who cares about the actual outcomes or the affected individuals, as long as your ideological ideals aren’t challenged.

The second they dispatch an ambulance, you owe them how much exactly these days? $5000?

My insurance covered all of it. The driver’s insurance reimbursed my own.

And even if they hadn’t, I’d rather be in the hole financially than spend 12 hours in pain and have persistent issues caused by free health care doing a hack job putting me back together.

The US healthcare system isn’t perfect, but I’ve got at least another four decades left on this planet, and the cost of US healthcare is nothing compared to the cost of living out those decades in a body that’s not as healthy as possible.

13h agoHN ↗

I’d rather be in the hole financially

You don't have the slightest clue what it means to be poor and in a financial hole. Like, it's impossible to explain to you.

13h agoHN ↗

Count me in. I'd rather be poor in the worst neighborhood (or village) in Nigeria but healthy than in a European mansion and unhealthy. Feel free to tell me all about how I can't understand, champion of the proletariat.

15h agoHN ↗

Power is an input. If it isn’t profitable it needs to be subsidized from elsewhere.

Healthcare is the same. It just turns out subsidizing it from wages works because healthy people are more productive.

Profitability isn’t a hard limit. But if something isn’t internally profitable, it requires an external partner to get going.

17h agoHN ↗

What exactly does it mean for a powerplan in china or russia to be profitable?

16h agoHN ↗

The same thing it means anywhere else?

Any argument that environmentalists run amok is the sole cause of nuclear's failure to launch has to address the fact that these two places, where environmentalists are a lot more likely to get a club to the head than a say at the table, are largely not expanding their nuclear power that much versus, say, solar in China.

16h agoHN ↗

Profit is not everything.

That being said, many countries consider it a national security issue not to be held hostage to foreign oil.

Spot on. That, plus... peak oil.

16h agoHN ↗

Peak oil was supposed to have happened decades ago but current projections put it well past 2050. Demand for oil is going to fall due to electrification long before we run out of sufficient oil production capacity.

It is clear at this point that peak oil was another failed Malthusian projection. I don't think peak oil is guiding much national policy aside from the national security aspects.

15h agoHN ↗

Yes. There's all kind of hydrocarbons that aren't economic or barely so, like oil shale or shale oil, with is rock with a stain on it.

Interestingly, Venezuelan extra heavy sour crude oil is not profitable to use at $55 a barrel, the price before the Iran war, but is profitable when it's over $90 a barrel.

It's easy to make money when someone else pays the costs but you get to keep the revenue.

14h agoHN ↗

This is wrong. The peak of conventional oil is documented around 2007. Since then, Europe's economy has been slowing down (if you look at physical indicators like how much is transported by trucks or what surface is being built each year, not artificial ones like the GDP).

Global peak is estimated to be around now (a few years ago maybe?).

16h agoHN ↗

But many nuclear power plants in europe are running on russian uranium - so I don't get the argument that you are "hostage" to foreign oil just to become "hostage" of foreign uranium.

Something like wind and solar combined with batteries would be a more sovereign form of energy generation that is (as a bonus) more decentral and less prone to attacks.

16h agoHN ↗

Plenty of uranium available from Canada, Australia, and Namibia

FWIW Russia produces less than either Kazakhstan and Uzbekistan

16h agoHN ↗

Even in Spain we have Uranium, but the politicians made it illegal to mine it, lol (I wanna cry)

15h agoHN ↗

Why? Isn’t it in the national interest of a government to preferentially use foreign sources of uranium to preserve domestic sources?

15h agoHN ↗

It should be in the national interest. But every nation is determined to let Russia have the last resources in 30 years by boycotting Russian oil and gas.

As we hear downthread though, we'll have warp drives by then.

15h agoHN ↗

there is a strong environmental reason for this without even considering that there are plenty of alternatives to nuclear energy that do not require destroying the environment, because everything has consequences. destroying entire ecosystems puts many species at risk, mining requires huge amounts of water, money, and often involves legal slavery. plus, the extraction and processing process releases significant amounts of CO2 due to heavy machinery and refining. So thankfully, your country took a good decision

14h agoHN ↗

Mining uranium in Spain would destroy environment and involve legal slavery?

13h agoHN ↗

Slavery is obviously not an issue in a country like Spain, but any kind of mining operation here seems to be heavily opposed by the people that live around the potential sites, for environmental reasons.

14h agoHN ↗

Mining isn't a great argument against nuclear. Uranium fuel has an incredibly high energy density so a relatively small amount of high grade ore can be converted into a large amount of electricity so even when compared to the one time input from mining required to produce all of the components that go into making a PV installation it can still perform favourably. Uranium mining is also transitioning away from open pit mines to using in-situ recovery where a liquid solution is injected into a uranium ore formation to dissolve the uranium before recovering the solution, about 55% of current uranium production uses this method already.

7h agoHN ↗

The only alternatives to nuclear are coal and LNG

Or starting with solar more 20 years ago.

13h agoHN ↗

canada has raw uranium. russia runs the centrifuges, im pretty sure on canadian uranium, too

has fossil fuels been profitable? or just had most of the costs externalized? same with solar and wind - the negatives have been written off as free, whereas the environmentalists from russia have pushed to make sure that nuclear has every possible cost counted against it

13h agoHN ↗

Canadian reactors don't use enriched uranium. Also many countries have centrifuges - Germany, Netherlands, Japan, Brazil, and of course all the nuclear armed states. Further, enrichment plants can be built anywhere.

16h agoHN ↗

Wrong uranium you can easily stock for 10years inadvance

15h agoHN ↗

Maybe don't keep it all in one spot, though.

15h agoHN ↗

Nuclear power plants refuel on yearly cycles.

That's plenty of time to source alternative uranium supplies presuming you haven't stockpiled.

Plus: Australia has an absolute ton of the stuff.

15h agoHN ↗

Nuclear fuel is available from lots of countries, including Canada and Australia, plus deposits in Europe that aren't being minted because uranium is very cheap.

Plus you can stockpile it super easy.

9h agoHN ↗

Refueling nuclear power plants only happens fairly rarely. You hold your customer hostage a lot less if you say “ha! Next time in 8 years time when you need to refuel, we won’t sell the goods to you!” as compared to literally turning off the gas tap.

6h agoHN ↗

You can easily store 10 years worth of uranium, unlike gas and oil.

4h agoHN ↗

Many is how? Why are people spreading such bullshit? Only a subset of plants, mainly VVER are dependent on Russia, albeit that'll change too.

Russia is ore importer itself and Orano+Urenco have enough capacity to satisfy most of Europe, both expanding.

Decentralized is not guaranteed. You mostly deploy ren in productive areas, see northern offshore, or that most of Ukraine's ren were in the South. Guess what happened to that. France has a decentralized grid too- many plants scattered around the country, each with multiple units

3h agoHN ↗

Uranium is not rare. You can even extract it from sea water.

Russia's is just cheaper.

But it accounts for 5% of the cost of a produced MWh, so if it had to be generated otherwise, we'd know how to do it.

16h agoHN ↗

Yes, thank you. Eroi ist the only thing which matters from a hard physics stand point.

15h agoHN ↗

That’s just not true.

An energy source with an EROI of 20 but which requires thousands of highly skilled people to tend it is going to lose to an energy source with an EROI of 15 that sits in a field and just works for 30 years.

14h agoHN ↗

30 years is generally the guarantee for some minimum output so it's the floor too... could still be outputting 60-70% of original spec for 50 years

4h agoHN ↗

Sure but all the residual stuff needs als be considered.

14h agoHN ↗

It turns out that economic cost of labor and inputs also factors into energy considerations. It's rather soft thinking to ignore them, and leads to very bad conclusions.

4h agoHN ↗

Sure labor amount is strongly correlated with EROI

1h agoHN ↗

Why use a bad metric when one can use the actually relevant metrics?

I see this from nuclear advocates when they talk about "energy density". Energy density (or EROI) are only relevant insofar as they affect cost. Why not just use cost? (The answer is that cost isn't giving the nuclear advocates the answer they want, so they have to lie and use some substitute metric.)

14h agoHN ↗

Some people have irrational exuberance around nuclear technologies, and the numbers in that overly long explanation are an example of that. $5B for 1GW of nuclear?! HAH!

There's a systematic bias among all energy professionals to both vastly underestimate the cost of building nuclear, and overestimate the cost of solar, wind, and storage.

Go back 5 or 10 years, look at the numbers projected, and it's just wild. I've never seen any other industry where there's such a mass hallucination among people that otherwise consider themselves "serious people."

14h agoHN ↗

Look at LFSCOE instead of LCOE. The electric grid can absorb a bit of intermittency relatively cheaply, but then you need to account for the system costs.

13h agoHN ↗

Or LACE, or Lazard's "Cost of Firming Intermittency" or whatever metric you want...

The systematic bias against renewables and irrational exuberance around nuclear is true across all of those metrics.

Even people that make their living on renewables underestimate how quickly it gets cheap. Jenny Chase, famous for pointing out that people underestimate the pace of solar technology, also underestimates solar technology.

And the skepticism of batteries is similar. I can't tell you how many nuclear advocates have said in past years that grid-scale batteries are impossible because of "physics." Yes literally "physics" that they can't quite seem to cite.

It's just a continual shifting of goal posts as people's systematic bias against batteries are again and again disproven by actual deployments and costs.

13h agoHN ↗

I've seen "just slap a battery onto a steel mill to make it work with solar." So what? People on every side are saying dumb things. The required restructuring of the grid makes wind + storage + peaker plants + solar not so dominant as you picture it. Some countries can have it cheaper without nuclear, some can't.

1h agoHN ↗

Yes literally "physics" that they can't quite seem to cite.

Those arguments typically assume Li-ion batteries will be used for seasonal storage, which is a completely clown argument.

6m agoHN ↗

I've yet to see any serious engineer make the argument that Li-ion batteries will be used for seasonal storage. I've more often seen it used as a straw man argument against renewables.

1h agoHN ↗

One can account for those with more detailed optimization/simulation, and if you do so you find nuclear still doesn't compete.

14h agoHN ↗

He mixed some units there, mostly by translating Chinese costs into OECD/USA costs. China does indeed take 5 years to build a reactor. That's what happens when you build a couple a year for decades. After 20 years, that might be true in the OECD/USA too, but for now you are looking at over 10 years, $10B/GW, and over 8% interest.

None of that is the real issue though. The real issue is for at least 8 hours a day, but probably more like 16 hours a day, renewables can generate power at well under 1/2 the price of what he calculated. So they won't sell the 9 units of power he forecast - it will be at best 4.5 units, and the nuclear plant even at his optimistic assumptions never makes money.

If you look at South Australia [0] - they are at 80% renewables now. At 80%, the average wholesale is cheaper than what nuclear can supply. The percentage will go higher, probably to around 90%..95%. They are and will achieve that with very limited (ie, cheap) storage.

But obviously that isn't 100% - so it becomes a question of what can fill the gap of 60 days or so a year the cheapest. Nuclear has no hope. Generating and storing ammonia using excess renewables and burning it when needed is one of the most expensive forms of energy available - but if you only need to do it for 60 days a year, it is still far cheaper than nuclear, because nuclear's primary cost is it's interest bill, not fuel.

The good professor paints gas fuel cost as a disadvantage. But when you are only burning it 60 days a year, then compared to paying nuclear's interest bill 365 days a year it's cheap.

[0] https://www.energymining.sa.gov.au/consumers/energy-grid-and...

14h agoHN ↗

This really should be a top level comment. It accurately explains the broken economics of nuclear, and is the real reason effectively no nukes will be built going forward. Not the usual tired points about regulations and safety fears and Chernobyl or whatever

13h agoHN ↗

To be fair South Australia is:

* Incredibly sunny

* Incredibly sparely populated

* Functionally winterless

Like it's the perfect setup for solar.

Somewhere like Denmark, Japan, even the US Northeast does not have those.

13h agoHN ↗

Precisely. France built out its current nuclear fleet over decades. The first reactors were expensive, but then costs came down. Of course, then they stopped and are now trying to restart again with new reactor models. It's been expensive and it's not clear they'll start building en-mass again.

7m agoHN ↗

France's reactors became successively more expensive as the need for more layered safety features was exposed. The first generation (CP0, CP1, CP2) was quite inexpensive, the P4 and P'4 designs were already more expensive and the N4 was yet more expensive.

At this point I think if you want inexpensive nuclear, you just have to accept some risk. Going from 99.9% safety to 99.99% adds just too much complexity to remain economically viable.

13h agoHN ↗

This must at least partly be region-dependent right?

In the darker northern parts of Europe, the German transition to renewable haven't really been a cost-saving success story (right?).

From my (very) casual Swedish vantage point, the wind build out here was a very government subsided race to zero marginal prices that barely helped anything?

9h agoHN ↗

Most of Finnish wind capacity was built without subsidies. The demand was saturated at ~25% of total generation, after which the market started building solar. Wind power is more cost-effective at these latitudes, but solar generation is currently more valuable, as it correlates less with existing renewables.

8h agoHN ↗

That only makes sense if you're burning hydrocarbons to heat your homes; about 1/3 of total energy use is space heating. Shifting to heat pumps and more wind before wasting money on solar panels at high latitudes is better ROI on energy independence and carbon reduction.

7h agoHN ↗

Heat pumps already became popular a long time ago. Electricity is so widely used for heating, that the difference in electricity consumption between the coldest winter days and July nights is almost 2.5x. While there are some old legends of Finnish (or maybe Sami) wind wizards, we still haven't figured out how to generate wind power on demand.

In any case, it's up to the market. If you believe it's possible to make money with wind / solar / nuclear power in Finland, you should be able to get permits in a reasonable time. Right now, those building solar are investing more than the others.

13h agoHN ↗

Which should we expect will find more cost reductions in the next couple decades? Nuclear or battery storage?

Looked at it that way, I'm skeptical of all these new nuclear projects. No one has made SMRs work economically, yet we're seeing incredible improvements in batteries, and there's enough unexplored chemistry possibilities we don't have a reason to think we're near the end of the road on that.

5h agoHN ↗

Indeed. Cost of nuclear is static or climbing. Renewables are cheaper and falling. Batteries are about the same, and falling.

If a western country starts building nuclear today, they will have something to show for it in ten years at the earliest. Renewables and batteries are already cheap, and getting cheaper, so it seems like a very silly bet. Especially in a place like Italy with excellent sun and lots of space.

1h agoHN ↗

There's also very interesting work on non-battery storage technology. The one that has gotten my attention is Standard Thermal's "hot dirt" thermal storage technology. I don't know where they are in crossing the chasm on this, but the theory looks very promising, with capex as low as $0.10 per kWh of thermal storage capacity. This promises to make 600 C heat available 365/7/24 for a cost as low as $3/GJ, similar to heat from combustion of Henry Hub natural gas.

7h agoHN ↗

SA is at 168 gC02eq/kWh for 2025.

https://app.electricitymaps.com/map/zone/AU-SA/yearly

France is at 32 gC02eq/kWh for 2025.

So France's emission intensity is 1/5 that of SA.

SA has a population of 1.9 M. France is at 69.1 M. SA is physically larger than metropolitan France ( 983 km^2 vs 549 for France). It is very sunny. It is rich and solar has been subsidised for ages.

It is really ideal for solar.

But the emissions are still much higher than France.

Australia is ideal for solar in general and the government has been giving money to millionaires all over the country to put it on their roofs.

But most of Australia, with the exception of Tasmania that uses hydro, has fairly high emissions.

Australia's emissions have also been effectively flat for the past half decade :

https://www.abs.gov.au/statistics/measuring-what-matters/mea...

This is despite increasing solar.

5h agoHN ↗

So France's emission intensity is 1/5 that of SA.

True. But France is 70% nuclear plus 15% renewables, with the remainder 5% fossil. In 2026 South Australia was 75% renewables, and 25% CCGT (gas turbine - fossil).

So France is 5% fossil vs SA's 25%, and accordingly has 1/5 the CO2 intensity. No mystery there - and obviously has nothing to do with nuclear vs renewables.

SA says they will hit 100% renewable in next year. [0] I struggle to believe that, but 95% at some point seems likely given the price of CCGT.

[0] https://www.energymining.sa.gov.au/industry/hydrogen-and-ren...

1h agoHN ↗

China does indeed take 5 years to build a reactor.

I've seen it claimed that this figure is not equivalent to the time-to-build in West, as the clock starts later in the process. I don't know if that's true, but I've seen the claim.

16h agoHN ↗

Maybe you could give numbers because french nuclear industry is completely profitable. If you like numbers like me: there were more subsidies to wind and solar energy the last twenty years in germany than the price of the whole french nuclear program (300 billions) since its inception (250 billions since the 1974).

The reliability of french electricity benefits both France and Europe as a whole. I cannot say the same about what germany is trying to do.

15h agoHN ↗

The reliability of french electricity

Except for the winter of 2022 when more than half of French reactors were not running, which was especially critical because of the Russian War against the Ukraine. Coal reactors had to be reactivated in Germany so lights didn't turn off in France.

Or summer when reactors have to be shut down because the rivers are too hot or running low.

15h agoHN ↗

So many reactors off was a special event of delayed maintenance, things are done so that does not usually happens. And it's not true to say that Germany reactivated coal reactors for French lights.

Germany activated coal to reduce dependance on gas, and Germany exported energy to France because of the maintainances ; you know, the old correlation =/= causation.

That one occurence over 4 decades, I would say we can dare to call it pretty reliable

9h agoHN ↗

There were also issues recently where low river water levels forced reactors to reduce output and even shut down.

5h agoHN ↗

This has been happening for decades. It's pretty common in summer, which used not to be an issue since peak use is during winter.

This may come as an issue if air con develops fast, though.

3h agoHN ↗

Check out data this summer and tell me how many hours or minuts did France NET import power in all 3 months?

3h agoHN ↗

France net exported power this summer every single day and hour.

France net imported in 2022 less vs Germany net imported in 2024 in business as usual situation

Edf also announced yo add cooling towers to bypass old environmental laws, especially for Golfech

15h agoHN ↗

Anything is cheaper when you don't count all the costs.

In January 2017 a parliamentary committee reported: "The cost of decommissioning is likely to be greater than the provisions," the technical feasibility is "not fully assured" and the dismantling work will take "presumably more time than expected."

https://world-nuclear.org/information-library/country-profil...

11h agoHN ↗

There’s tons of costs associated with coal, oil, and natural gas extraction, processing, and use, which are neither priced into up front costs nor the price that customers pay for the product. If those were priced in, then fossil fuels would have to become more expensive. Those costs currently get diffused into various other areas and paid for by a wide net of payers, including both the customers and non-customers, and a big one is the government (taxpayer).

5h agoHN ↗

Just after your quote:

EdF responded that it "assumes full responsibility for the technical and financial aspects of dismantling its nuclear plants," and noted that it was currently decommissioning nine reactors, so had a good basis of experience. It also pointed out that its funds set aside for decommissioning were audited by the Ministry of the Environment, Energy and the Sea the previous month.

And, a little bit earlier, the article author's assesment:

There are well-developed plans for dismantling these (which have been shut down since 1990 or before) and work is progressing.

Please don't cherry-pick articles.

15h agoHN ↗

Why then was EDF nationalized in 2023? A year after making an €18B loss? Why was EDF forced to buy the massively loss-making Areva/Framatome in 2017? How will Flamanville 3 - the latest reactor - at a cost of €24B to deliver 1.6GW ever be profitable, given it will need to earn €138 per MWh over 60 years just to break even? This is over 2.5 times the average wholesale price of the market it will be selling into and twice the €70/MWh state mandated nuclear electricity price cap.

- https://www.powermag.com/flamanville-3-europes-hard-won-nucl...

- https://www.techniques-ingenieur.fr/actualite/articles/epr-d...

3h agoHN ↗

It was nationalized to force it build new reactors despite demand not growing enough

The 138€ is under pessimistic assumptions. Min profitability limit on the other hand is 9ct/kwh. But nobody denies fla3 was a failure.

You didn't understand the electric cap in France. It's a cap on profits. If edf sells at certain thresholds above 70€ due to market, the state will take extra profit. It's sort of like double CFDs for renewables except edf has no minimum compensation

12h agoHN ↗

You know when rivers run not-low? In winter when we need to heat all those freezing homes. Crazy how that works. Yup, it's not ideal in a summer heat wave... but that's precisely when solar can shine.

We need both until we've solved storage. There's no need for more false dichotomies and FUD.

12h agoHN ↗

We need both until we've solved storage. There's no need for more false dichotomies and FUD.

"Solar and nuclear are the only two options" is a false dichotomy, lol.

10h agoHN ↗

Of course it becomes a dichotomy if you add "only"

2h agoHN ↗

“We need both” implies both are needed, yes? That no other options satisfy said need?

3h agoHN ↗

Hungary and Romania made a mistake by not diverting earlier more river flow. France net exported every single day of summer

16h agoHN ↗

This is wrong, Germanies Konvoi where immensely profitable. The greens complained about these as money printing machines.

16h agoHN ↗

I am not sure what you mean by profitable here?

15h agoHN ↗

Yes, while we’re looking at expenses, add the military to oil.

14h agoHN ↗

I agree, I tell everyone who will listen that no country, not Russia, China, Japan, France, USA etc has ever made nuclear power profitable.

This is comparing to the base case of fossil fuels. But those have tremendous negative consequences.

11h agoHN ↗

Yeah but they get to dispose of their waste for free.

14h agoHN ↗

Is that because every country fails to adequately charge oil/coal/etc for its externalities? Are we essentially subsidizing oil, bringing the costs artificially low such that nuclear can't compete?

14h agoHN ↗

Yeah, let's not forget defence budgets that are spent to prop up oil availability too.

14h agoHN ↗

War would be so much harder w/o oil, yet we fight wars for oil. Hmmm.

14h agoHN ↗

Nuclear has several major cost problems if it's own. Insuring against a major accident is prohibitively expensive, the kind of inspection+maintenance regime that's necessary for safety isn't amenable to cost reductions. The list goes on. Basically:

Nuclear isn't similar to the things that grow cheaper as the operators gain experience.

14h agoHN ↗

Much if fhe inspections and standards aren't "necessary for safety" but the direct product of paranoia and lobbying. Nuclear is brutally overregulated, far, far beyond what's necessary to ensure safety, and that's where most costs come from.

14h agoHN ↗

Then why is the insurance for every single reactor public sector based?

12h agoHN ↗

Possibly because if there's a big accident, everybody in the region who gets cancer will sue, even if there's no detectable change to cancer rates.

13h agoHN ↗

Fukushima and Chornobyl happened directly for a lack of paranoia, regulation and lobbing. I hope that we don't commit the same mistake again.

13h agoHN ↗

Fukushima happened in a highly regulated (and correspondingly expensive) environment. Improving the regulation doesn't necessarily just mean adding more of it or tightening targets far beyond any useful range. Also, arguably the evacuations as a response to Fukushima caused more harm than the radiation would have, an example of paranoia as opposed to effective regulation.

(Chernobyl also happened because of paranoia but that was largely the Soviet's obsession with saving face to the point of hiding a design flaw from the operators).

Though, I will push back on the idea that this is exclusively why it's so expensive: Nuclear has plenty of other issues with cost beyond excessive safety targets.

3h agoHN ↗

Lot of health impact of Chernobyl disaster was also because of Soviet's obsession with saving face.

The biggest radiation dose to the population was not from breathing air filled with radio-nuclides, but from drinking locally produced milk and eating milk products and leafy vegetables. In the first days after explosion Iodine-131, with half-life 8 days, is the biggest source of radiation dose.

Had the Soviets informed the population not to eat local milk, leafy vegetables for 3 months, the health impact would be much smaller (also distribution of Potassium Iodide would help). In case of Fukushima accident, health protection was implemented.

https://en.wikipedia.org/wiki/Iodine-131

https://en.wikipedia.org/wiki/Nuclear_fission_product#Iodine

13h agoHN ↗

The human impact of those is a fraction of fossil-fuels. So it’s not fair to judge nuclear for being expensive if we don’t hold other fuels to similarly rigorous standards

13h agoHN ↗

No,

The reason that constant inspections are need is because radiation weakens everything. Since nothing is immune, everything can break prematurely and so everything must be inspected.

12h agoHN ↗

Nuclear is brutally overregulated, far, far beyond what's necessary to ensure safety, and that's where most costs come from.

Is this really true? We seem to have a pretty large disaster perhaps every 15-20 years (3 mile island, Chernobyl, Fukushima), which makes me think that it is either correctly- or under- regulated. Of course coal and oil are worse, but that’s not exactly a high bar…

12h agoHN ↗

Of course coal and oil are worse, but that’s not exactly a high bar…

It is what we want to replace with nuclear power, so that's exactly the bar we should jump over. So let's say it: all of these disasters did not cause even 1/1000 as many deaths as coal power plants.

11h agoHN ↗

Fukushima killled a couple of people? More died that day from car crashes.

7h agoHN ↗

In France after Fukushima nuclear plants that are 500 km inland had to be safeguarded against the risk of a tsunami.

6h agoHN ↗

Your 3 examples were all different regulatory regimes.

5h agoHN ↗

In Fukushima zero people died from radiation. If we regulated everything to a similar point (cars, planes, fossils), you'll start living like a monk. Fossils aren't just worse but orders of magnitude worse

11h agoHN ↗

See nuclear topic, scroll just like 2 turns to see once again someone claiming nuclear is the one technology in all of history that doesn't improve with technology.

6h agoHN ↗

Insuring against a major accident is prohibitively expensive

Isn't this the thing where you require something in one case but not the others?

If every oil drilling operation had to carry enough insurance to cover Deepwater Horizon and every hydroelectric dam had to carry a policy large enough for Banqiao and every solar panel factory had to insure against leaving Superfund sites that leak into the groundwater in some of the most expensive real estate in Silicon Valley then they'd be in trouble too.

the kind of inspection+maintenance regime that's necessary for safety isn't amenable to cost reductions.

People often say things like this and then if you actually have someone go through the existing process you find out that more than half of the labor is going to inspect things that aren't actually safety-related, or some corruption is involved which is quadrupling the cost because the contractor bribed a politician to make use of their services required by law or create artificial scarcity for something which is actually important but shouldn't cost as much as it does.

5h agoHN ↗

Insuring is dirt cheap. You don't insure against any nonsense but against most probable one.

Nuclear gets cheaper if you have several units built in same place and if you increase CF with various methods, incl higher enriched fuel

12h agoHN ↗

Yes, think about the US military budget.

I'd argue at least half of it basically functions as a petroleum subsidy.

And the other thing that people just simply do not understand is it's solar and wind are now cheaper than anything else, even if the subsidies are applied to them, and would be even more so if the trump tarrifs were eliminated.

The only justification in nuclear right now it's deglobalization and energy independence. But I would argue all the money you throw into nuclear for that, it's much better served simply building out solar and wind

10h agoHN ↗

That is clearly true, here and in other situations.

But, the public has made it clear they are unwilling to give up the implied subsidy the unaccounted externally provides.

2h agoHN ↗

Yes this is true. Once you include all subsidies nuclear is cheaper than fossil fuels. Much cheaper than coal and oil and slightly cheaper or on par with gas.

But, the same is true for solar and wind which starts off much cheaper than fossil fuels in the first place.

Most new build energy is renewables, that's what nuclear needs to compete with.

2h agoHN ↗

You can count only the pure costs of generation of single type of power plant. But the customers are also paying the costs of distribution, costs of backup and firming.

Is the customer 10, 50 or 500 km from the power plant?

Do I need to build a second backup power plant for each installed primary power plant, 100% backup capacity? Or 40%, or 20% backup capacity?

Costs of pumped hydro/battery energy storage.

What are the costs of CO2 emission? Europe 80 Euro per tCO₂, China/India 8, US zero.

13h agoHN ↗

why is profit the right descriptor?

wouldnt you instead count the net benefits to the whole economy from having that cheap and plentiful electricity?

13h agoHN ↗

country, not Russia, China, Japan, France, USA

Are you serious when putting France in this list? Nuclear is such a cash cow here that EDF manage to make profits even while being forced by the regulator to sell a big fraction of its nuclear capacity below the operating cost and buying it back to them at market price! (We're talking about a multi-billon subsidies scheme, look for ARENH).

And that is despite (rather legitimate IMHO) regulatory constraints that have no equivalent in any other industry.

12h agoHN ↗

Yeah I’m really confused why France is in that list (also, less so, but China - they have come a great way, further than almost any western country save France, I’m just unsure I’d the metric here applies evenly).

I’ll stand by the only reason nuclear power is unprofitable (in most cases) is because we decide it is unprofitable.

4h agoHN ↗

I'd consider power generation (solar, wind, nuclear) as strategically important and accept that it may need subsidies long term. If this allows the country a degree of independence from external shocks, it would be worth it.

12h agoHN ↗

Anything is cheaper when you don't count all the costs.

In January 2017 a parliamentary committee reported: "The cost of decommissioning is likely to be greater than the provisions," the technical feasibility is "not fully assured" and the dismantling work will take "presumably more time than expected."

https://world-nuclear.org/information-library/country-profil...

6h agoHN ↗

Decomissionning is a made-up issue: no other industrial activity is expected to return clean nature after they stopped operating, even mundane things like business offices real estate or highways wouldn't be economically viable if they had to provision for decommissioning.

You could clean up the high activity thing and let the buildings and their asbestos in place and nuclear decommissioning would still be more environmentally friendly than every other heavy industry.

4h agoHN ↗

no other industrial activity is expected to return clean nature after they stopped operating,

Oil and gas extraction platforms here in Norway, I believe.

4h agoHN ↗

no other industrial activity is expected to return clean

Does not mean it's a made up issue. That's classic whataboutism. Ecologists are not concerned just about nuclear activity, but precisely about the overall industry destroying our entire environment, and for whose profit?!

56m agoHN ↗

Funny how all that concern they have never manifests for wind and solar power.

Nor do I see a great deal of concern for manufacturing, as long as it is done somewhere else. If it done here: it is super dirty and dangerous, jobs no one wants. Elsewhere: what great opportunity for them to rise out from poverty. The fact that the environmental regulations are nonexistent, either never brought up or dismissed because we can't regulate another government.

3h agoHN ↗

Decomissionning is a made-up issue: no other industrial activity is expected to return clean nature after they stopped operating,

That is factually wrong. Coal mining has to re-naturalize the areas used for mining after the coal was removed.

And most industries are supposed to not just leave toxic waste and instead have a plan what to do with toxic waste products these days. And no, an empty building cannot be compared to radioactive waste.

1h agoHN ↗

You throw the radioactive waste in a breeder reactor and make more fuel out of it. It's really not that hard.

1h agoHN ↗

They consider the concrete around the plant's parking lot to be nuclear waste though (I'm not kidding, that's how the French regulations works).

3h agoHN ↗

Wind farms are expected to a account for it and it is routinely included in cost calculations.

6h agoHN ↗

Do you think it is cheap to decommission a large water power dam?

1h agoHN ↗

The only reason nuclear power facilities get decommissioned is because anti-nuclear politicians panic and force them to shut down. Sure, there's an ongoing cost of maintenance and replacement, but once you have a nuclear power facility, there's no reason for it not to continue generating power indefinitely. We're not going to stop needing or wanting more energy.

12h agoHN ↗

France doesn't have an answer for decommissioning costs.

11h agoHN ↗

technically speaking they don't have to be decomissioned and when they absolutely have to be I believe at that point we will have fusion which is only 10 years away.

11h agoHN ↗

Fusion has been 10 years away for the past 3 decades.

(I think fusion is great, by the way, but I just don’t believe any timelines at this point anymore)

11h agoHN ↗

That was infact the joke, but surely by the time this would need to be decomissioned we would have fusion power right? Some reactors we operate today are older than the oldest people on the planet!

8h agoHN ↗

Some reactors we operate today are older than the oldest people on the planet!

That is not correct.

7h agoHN ↗

Some reactors we operate today are older than the oldest people on the planet!

You might want to look that up, because I’m older than the oldest operating reactor.

3h agoHN ↗

My mom is older than any reactor that’s used for power generation.

9h agoHN ↗

There is no reason to assume that fusion will be a particularly cheap power source.

6h agoHN ↗

I see what you did there :D Good one, thank you!

10h agoHN ↗

What are these decommissioning costs?

The reactor vessel and the primary coolant loop.

All that steel can be vitrified and stored in stainless casks somewhere fairly indefinitely.

Or just buried. It doesn’t stay reactive very long.

The rest of the site is no different to any other electricity generator, and no different really to the average industrial manufacturing plant.

Everyone likes to just say ”decommissioning costs”, without actually thinking about what any of that means.

It’s not like every nuclear power site is a Chernobyl.

9h agoHN ↗

I remember reading about coal-fired power plants specifically in Poland, which exceed the radioactivity levels for nuclear plants. This because the burnt-off coal contains small amounts of radioactive elements, which form particles and drop off near the flue.

But of course there are no norms for max radioactivity levels at a coal power plant site.

3h agoHN ↗

Coal plants spread radioactivity because it concentrates all the radioactive elements naturally found in the coal into ash, much of which then gets released into the air, deposited on surfaces and breathed in, which is extremely harmful.

But if decommissioned properly, most of the ash inside the building can be collected and mixed into soil and bricks at a safe concentration not far above background radiation level.

In a nuclear power plant, there is no release of radioactive materials, but it’s possible for parts of the structure to absorb radiation and become radioactive itself, and that’s much harder to deal with.

4h agoHN ↗

Steel is not vitrified, only high level nuclear waste - spend nuclear fuel with highly radioactive fission products.

Steel is taken apart and measured, non-activated steel can be melted down and recycled. Activated steel has to go into storage, either low level nuclear or medium level nuclear waste.

The biggest concern for steel is cobalt. During manufacturing steel with very low cobalt content is usually used for nuclear applications, but there is still small amount of cobalt.

In reactor, under neutron radiation, stable cobalt-59 changes to cobalt-60, strong gamma ray emitter with a half-life of 5 years. So neutron activated steel has to storage for at least few decades.

When done not properly, this is a health hazard.

" Circa 1983, construction was finished of 1700 apartments in Taiwan which were built with steel contaminated with cobalt-60. About 10,000 people occupied these buildings during a 9–20 year period. On average, these people unknowingly received a radiation dose of 0.4 Sv. Some studies have found that this large group did not suffer a higher incidence of cancer mortality, as the linear no-threshold model would predict, but suffered a lower cancer mortality than the general Taiwan public. These observations support the radiation hormesis model, however other studies have found health impacts that confound the results. "

https://en.wikipedia.org/wiki/Cobalt-60#Steel_contamination

58m agoHN ↗

They have to be stored but storage isn't particularly difficult. Just don't built them into a structure where to close to people.

2h agoHN ↗

Have a look at this nuclear plant in Northern Germany that is in the process of being decomissioned since 1995. It's still not finished, suspected end date is now in the 2040s and is now projected to cost about 10B €. For a single plant.

https://de.wikipedia.org/wiki/Kernkraftwerk_Greifswald (you have to translate that page yourself, the English version doesn't contain the relevant information)

1h agoHN ↗

Yes, a lot of that is just waiting for the active parts to get less 'hot' though. But yes it's incredibly expensive and it's only going to get more so as we start caring more about pollution and proliferation.

1h agoHN ↗

Surely that's not because the people in power - the same people who have pushed trhough the decommissioning of these still functioning power plants - are want them to be expensive to decomission because it suits their agenda. Decomissioning costs can always be however high you want them to be but that doesn't mean that they have to be. Worst case you can just encase the whole thing in concrete until radiation levels naturally drop.

8h agoHN ↗

I saw a DW Planet A documentary about decommissioning a nuclear plant in Germany. They walked around the plant in some safety gear, but with their faces fully exposed and no breathing apparatus. They said the project was decades behind schedule and it was costing ten times as much as expected. The decommissioning process involved spraying water and gels on slightly radioactive materials from the factory to reduce their radioactivity to effectively zero. The process created much more radioactive material than there was in the first place, which then itself had to be dealt with. The cost of decommissioning is determined by the lobbyists for the companies that do the decommissioning. Voters have no idea what decommissioning should cost, and no one will ever question going over budget. It's a great business.

https://www.youtube.com/watch?v=QKIaRg3SdTw

5h agoHN ↗

Now check how decommissioning is going with Isar reactors instead of soviet ones

3h agoHN ↗

Would you like to provide some context?

3h agoHN ↗

The context is that all german reactors that aren't experimental or soviet are decommissioned on operators money without state financing.

The example of isar is particularly interesting - isar 2 is one of the latest that started decommissioning but is in much more advanced state vs others. Each operator does it as they wish. If you wait a bit more, rad levels drop so it's easier to decommission with less specialized equipment

7h agoHN ↗

Just declare that LNT is wrong and treat materials as non radioactive if they are less than half the radiation level associated with cancer. For the rest you can try and reuse them in new reactors if possible or store it in the same place as other nuclear waste.

15m agoHN ↗

We've got the technology to drill deep bore holes, kilometers below where water will move on any time relevant to human existence, where we could stick what small amounts of dangerous material is left.

Encapsulating the waste and burying it somewhere on an abyssal plain in the deep ocean should also be a pretty low-risk approach, the IAEA has looked into variations of that.

Like someone else said, I think it's all expensive because some people want it to be.

5h agoHN ↗

Why people spread such bullshit statements? Take Germany which enacted EARLY phaseout, yet all it's reactors are decommissioned on operator money except experimental and soviet units

4h agoHN ↗

" EDF Group assumes sole financial responsibility for decommissioning power plants. The cost is factored into operation from the start and included in the price of the kilowatt-hour. It is re-assessed every three years to take account of changing technical and financial assumptions, as required by law. "

https://www.edf.fr/en/the-edf-group/producing-a-climate-frie...

3h agoHN ↗

The 100% state owned EDF group take sole responsibility for the finances? What a relief for the taxpayers of France...

But at least the cost is factored in from the start. Those costs often double during construction but at least we know the decommissioning costs are factored into the fake numbers they use to get approval to start builds.

2h agoHN ↗

Taxpayers of UK are supporting wind energy producers using CfDs (Contracts for Difference).

UK Eighth Allocation Round are from 20 July to 7 August 2026, Offshore wind £113 /MWh, Onshore wind (>5 MW) £92/MWh

UK Government also awarded a CfD to Hinkley Point C nuclear power station, set at £92.50/MWh for a 35 year period.

https://en.wikipedia.org/wiki/Contracts_for_Difference_(UK_e...

2h agoHN ↗

You've quoted strike prices at the time, adjusted for inflation Hinckley is the most expensive of the three you quote. And it lasts nearly twice as long.

In fact this nuclear plant was the first use of CfD.

It's a great scheme because it (in theory) prevents cost blowouts being added to energy prices. Good incentives to get things built quickly and cheaply.

The actual price for Hinclkey is roughly a third higher than the CfD and that extra cost should be borne by the French taxpayers via EDF.

In reality they shifted some costs onto the next nuclear plant instead, working around the CfD and foisting the excess costs back onto the British tax/billpayer.

Obviously they refused to use CfD for the next UK nuclear plant because unlike wind power, they have no faith in it being completed anywhere near on budget. And if they bid the real cost it wouldn't get built in the first place.

So now UK taxpayers are paying in advance for a decade to get new nuclear built with no cap on cost.

4h agoHN ↗

And the world leaders don't have an answer for the cost to keep our atmosphere habitable due to using fossil fuels as hard as possible?

42m agoHN ↗

using fossil fuels as hard as possible?

All the data showing that it is still free. There is no cost, generally anthropogenic climate change is increasing the habitability of our atmosphere.

12h agoHN ↗

Yes, France is pretty much alone in making nuclear work. It's impressive. That said, it is alone.

IE, I don't see other nations reproducing the French institutions and culture that allowed this. Will France itself even continue them?

11h agoHN ↗

One can argue that Switzerland is doing a good job too. Also, it is profitable for existing plants for the next 60 years or so.

9h agoHN ↗

I am pretty sure anyone could make nuclear work by throwing lots of money around

5h agoHN ↗

The only money thrown around in French nuclear is handed out to EDF's competitors by EDF themselves as a compromise with the European Commission who didn't want EDF to reap to massive profits of the nuclear plants for itself (EDF has handed out around €100B over the past 15 years and still made a profit pretty much every year, despite massive forced investments in reaction to Fukushima).

5h agoHN ↗

Considering how much money is extracted from edf through dividends and in the past through arenh, it's the opposite - edf is subsidizing french state.

I'm sure edf would be happy to get 18bn/y in govt handouts like ren get in Germany through EEG

8h agoHN ↗

For some definition of "work". They don't seem to be able to build new nuclear plants now without massive cost overruns.

5h agoHN ↗

Sweden has been phasing out nuclear for 40 years, after a referendum where the people had the choice of "No nuclear!", "No nuclear", and "No nuclear". There was no "yes".

It's been phasing out nuclear since then.

Nowadays the Green party and the (formerly named) Communist party are the only ones against nuclear power, but thanks to the left block winning the recent election, they may push that one issue enough that they get to continue the destruction of our planet.

4h agoHN ↗

It's a strange affair when swedish leftists are the economically responsible parties and the right wing wants to use government subsidies to prop up an industry which is not economically viable compared to all the other electricity generating methods are cheaper and easier to implement.

2h agoHN ↗

[the two parties] conflate civilian and military use of nuclear energy

I would never associate these two parties with competence or intelligence, and there certainly are people who think that a power plant is basically a bomb.

But no, their rhetoric against nuclear power today is at least ostensibly environmental. Well, as it's becoming clearer and clearer to everyone that environmentally it's at the very least the least bad option, they are shifting into trying to make it about economics. Of course completely ignoring that they want to price in (like in this thread) insurance with nuclear, but don't want to price in environmental damage of the alternatives.

Between 1987 and 2006 "the thought crime law" made it illegal in Sweden to even think about constructing a nuclear power plant. https://sv.wikipedia.org/wiki/Tankef%C3%B6rbudet

How much does nuclear power cost? Well, it was literally illegal in Sweden to run those calculations until 2006. Could criminalizing thought for decades maybe drive up the costs, once the law is repealed?

New hydro dams?

Unlikely. It's already built out where feasible and economical. And besides, the Greens would block new hydro at scale because of their environmental impact.

How could the replace the current 25% of nuclear electricity?

Most common argument I see is "we'll just import it", which is just greenwashing since that comes from fossil fuels.

‘Peaceful’ Sweden once sought nuclear weapons.

I don't see the contradiction. USSR took 10% of Finland in living memory, hell that was just single digit years before Sweden started looking into becoming a nuclear state. The Baltics were under USSR control too, and during the cold war they (USSR) seized Swedish ships in international waters and killed and otherwise "disappeared" the crew.

I find the article you linked complete garbage. It's viewing 1940s defence choices through a 2020s post-nonproliferation treaties and post MAD game theory lens.

But even if we do that, would it be un-peaceful to have deterrence? Sweden preemptively surrendered to Germany in WW2 (a bit of hyperbole, and doesn't account for secret allies collaboration), rather than have the country destroyed. Having a nuclear deterrence would mean not having to surrender again, when the Russian comes.

Hopefully NATO membership has the deterrence without the drawback. But of course NATO wouldn't be NATO without its nuclear members. And with the US becoming unreliable, Sweden's defence is still backed by the nuclear agreement with France. So own nukes or not, at least by treaty Sweden still has nuclear weapons as deterrence. Is it really vital to discuss the operational control? If that's the sticking point, then fair enough. I'm not saying it's NOT a difference.

A better critique of Sweden is its relatively huge arms exports. But that too is not black and white. Si vis pacem, para bellum (if you want peace, prepare for war).

5h agoHN ↗

I don't see other nations reproducing the French institutions

Gaullism and strong governments are not in fashion these days. The main thing that made Messmer plan work was Messmer himself, a strong leader with the power to tell everyone to stfu and do it.

9h agoHN ↗

If nuclear is such a big cash cow, why is edf in huge debts, state owned and suffering from aged power plants having issues?

6h agoHN ↗

Because being a cash cow does not mean the cash will be reinvested by the owner. The owner might just milk the cow and use the money for other things.

6h agoHN ↗

Re debt: check how much debt the SV giants have. Debt isn't a bad thing per se, it's just how you finance investments.

Its has always been state owned, and it's much better for critical infrastructures to be so anyway.

suffering from aged power plants having issues?

There was one (1) instance if of a serious common issue between multiple plants found in 2022, unrelated to the age of the NPPs (the most recent were affected as well) which affected the exploitation for about a year. It was bad for a moment, but not that bad, it's like saying the automobile industry can't be profitable because the Tataka airbag problem happened. (And the corrosion issue was much less severe than the Tataka one!).

5h agoHN ↗

Couldn’t be because nuclear-hating bureaucrats have over regulated the industry?

3h agoHN ↗

No. Either it's profitable or it is not. It is not.

5h agoHN ↗

Because it isn't. EDF devt to EBITDA ratio is as healthy or healthier vs german eon/rwe. Debt is ok to have for big corpos, unless you think Apple is a failed company.

Over half of french fleet was already upgraded to have safety similar to gen3 reactors through great carenage.

France also set record production this summer vs prev ones

4h agoHN ↗

France is in that list (hello i'm from france too) because construction is heavily subsidized and decommission is overall not happening, not planned, and more or less not even approaching the planning stage. The few decommissions that are taking place are decades late and billions over budget.

It's not industry secret that if you count the entire life cycle, nuclear is the most expensive (in terms of euros) energy we have. Does that mean it's a bad investment? Not necessarily. If you're an ecologist, it's a bad investment because it takes us in the wrong direction (more energy consumption) instead of going the way of degrowth. Also, the nuclear industry is very much in bed with the military industrial complex, which is something you may be concerned about.

And that economic analysis does not even account for how "stolen" the uranium we use is. If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive. TBH, i haven't followed developments in the last years in regards to french neocolonialism collapsing in sub-saharan africa, but here's a small article from 6 years ago: https://infokiosques.net/IMG/pdf/uranium_de_la_francafrique-...

3h agoHN ↗

If you're an ecologist, it's a bad investment because it takes us in the wrong direction (more energy consumption) instead of going the way of degrowth.

Why would an ecologist have to be against more energy consumption? For climate change, what matters is energy from the sun hitting the earth vs. energy being radiated back into space. More energy consumption also doesn't necessarily cause more pollution of any kind.

3h agoHN ↗

You're redefining environmentalism with a very narrow and technical view. Goodhart's law does not only apply to computer science, but to ecology as well, and says that CO2 emission alone is not a good metrics.

I'm not saying energy consumption overall is a perfect metrics, but the degrowth movement is a philosophy / science that's not aligned on a specific metrics: https://en.wikipedia.org/wiki/Degrowth

2h agoHN ↗

The energy received is always the same as the energy radiated, its just the temperature increases to maintain that balance.

41m agoHN ↗

No. Temperature increases until balance is restored. Temperature is currently increasing, which means the planet is not radiating away as much energy as it is receiving.

1h agoHN ↗

The issue is not only climate change. More consumption means more consumer goods, more resource extraction, more transport, more waste

We have huge environmental problems ranging from ecosystem simplification, microplastics, etc. The answer is not to keep consuming as we are. We really have to stop the neoliberal system that's based on ever increasing growth and externalisation of environmental impact.

3h agoHN ↗

If you're an ecologist, it's a bad investment because it takes us in the wrong direction (more energy consumption) instead of going the way of degrowth.

What a horrible, nihilistic philosophy. Disgusting that anybody takes it seriously.

2h agoHN ↗

Taken to it's logical end it's quite literally just anti-human. Their ideal outcome is a suicide pact.

2h agoHN ↗

No, it's not a suicide pact. If it was just a suicide pact, they'd get it over with and leave the rest of us alone. It's a homicide pact, a genocide pact for the entire human race.

2h agoHN ↗

degrowth is compatible with increasing standards of living for 99.5% of people all the while being able to then actually preserve these standards up in the future.

our current model produces growth without proportionally increasing standards of living, and accepts that livelihoods will collapse all over Europe and Africa as it becomes increasingly hostile to agriculture due to climate change.

think of the viability of degrowth as a policy within the prisoners dilemma of global capitalism as you want, but please come up with a more serious critique that doesn't equally indigte the staus quo

2h agoHN ↗

And we have tried it too! There have been energy shocks before, where the price of energy spikes and causes corresponding drop in energy consumption, leading to degrowth.

They only talk about the benefits in the abstract, but not what an energy shock actually means. It means people can’t afford to pay for heating and freeze to death. It means factories close down because the inputs are too expensive. Construction stops because the raw materials (steel, concrete) are too expensive to manufacture, and people don’t have money to pay for new homes.

We have done all these things just in the last 4 years! So why should we do more of it instead of just building more renewable energy?

1h agoHN ↗

degrowth

Thanks for showing your true face. But no thanks for your anti-humanism.

38m agoHN ↗

It's interesting that they're feeling emboldened enough these days to not hide who they are and what their agenda is. That general movement had a slow motion replay of the Bolshevik vs. Menshevik action, where the moderates (like Patrick Moore, Michael Shellenberger) got purged, and after quite a long time of having an established, comfortable monoculture now they're starting to no longer feel the need to create fake narratives around why nuclear or mines are bad, now they're just straight up saying they want civilization to collapse. (Which is what would happen, there's never going to be any such thing as an orderly impoverishment)

Maybe it's for the best. If they're being honest maybe it'll clarify debates and positions.

1h agoHN ↗

construction is heavily subsidized

It's not subsidized, quite the opposite EDF is subsidizing its competitors through ARENH.

It's not industry secret that if you count the entire life cycle, nuclear is the most expensive (in terms of euros) energy we have.

It's not. It only appears expensive compared to other decarbonized means because the calculations never take the opportunity cost of intermittency. Wind and solar are only cheap because you never count the price of the back-up plan in the cost (and also because magnets and solar panels are bought for cheap from China). If you count the price of running an actual grid all year long then it suddenly becomes the most efficient option after hydro and that's why France has among the cheapest electricity in Europe. The German Energiewende is the canonical example of what the theoretical calculations leave out. It should have been cheaper and less carbon-heavy in the end, but instead hundreds of billions have been spent to get only expensive and high-emission electricity in the end.

And that economic analysis does not even account for how "stolen" the uranium we use is. If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive.

Come on, the Uranium coming from Niger is a just a fraction of the consumption: https://www.connaissancedesenergies.org/questions-et-reponse...

1h agoHN ↗

Energy cannot be created nor destroyed, it can only be transformed. This is the first law of thermodynamics and as far as I'm aware nobody has managed to refute it.

Finding better ways of controlling where energy comes from and where it goes, and doing it in a controlled way that has minimal impact on the surroundings is good (from an ecological perspective)- it is the most pure good an ecologist can hope for.

"Reduce, Reuse" has its place, but that place has to be in-line with also finding a way to balance our human needs with the environment.

I don't think reducing our energy consumption is realistic, many things that have a long-tail reduction in energy consumption have a huge up front cost.

For example, electric vehicles are a bitch to manufacture but are less impactful for the environment over a long term; and this is amplified if the energy that is produced to be used in the electric car has a minimal impact on the environment (Solar, Wind, Nuclear) - but nuclear plants have a huge up-front energy cost too.

I'll be forthcoming and say that I have a concern that over-reliance on solar and wind may have negative consequences on the environment too- harvesting wind energy from the atmosphere that animals may rely on, will likely impact the environment in ways we haven't thought about. However it's significantly better than coal and gas, and that's the marker we're going for: not perfect.. better.

Everything is bad at a certain scale after all, we just haven't hit that scale with our renewables- and because of this, on a baseline, I agree with you.

3h agoHN ↗

When EDF signed a fixed cost contract to deliver nuclear in England the CFO resigned.

It's currently double its original budget and likely to grow further.

The "profits" are from running decades old reactors that were never transparently costed.

2h agoHN ↗

When EDF signed a fixed cost contract to deliver nuclear in England the CFO resigned.

Yes, because they had to borrow at a 7 or 9% long term rate on the market (in the era of ZIRP!), which makes financing costs 70-80% of the overall final electricity price.

Of course that kind of deal was insane, but it says more about financing long term projects on the market than it says anything about nuclear as a technology.

The "profits" are from running decades old reactors that were never transparently costed.

EDF gave more in subsidies to its competitors through ARENH over the past 15 years than what the entire fleet costed.

French nuclear has been an indisputable financial success over the past 40 years (while giving France one of the cheapest electricity in Europe). Saying otherwise is just ignoring reality entirely.

2h agoHN ↗

Of course that kind of deal was insane, but it says more about financing long term projects on the market than it says anything about nuclear as a technology.

Well sure, but the alternatives aren't really affected by this, because they don't have to be planned and financed these such long time frames. So this is a problem for nuclear. The core technology seldomly is the deciding factor for these things.

12h agoHN ↗

This is false. Nuclear power plants are very profitable, if streamline the regulations that are choking them to death with bureaucracy and no safety.

12h agoHN ↗

I am generally of the opinion that nuclear power is not justified on the basis of base economics.

But I thought South Korea made a good swing at it, but I haven't kept up on things much

11h agoHN ↗

I’m curious why profitability is the concern here? I was under the impression that abundant clean energy would be of higher concern than profitability of energy companies - unless you mean that profitability concerns will reduce the willingness to invest and develop more nuclear?

I guess we could argue that these sorts of operations should be state owned?

11h agoHN ↗

Even if they are state owned, they should break even at least somewhere on paper. Explicit and bounded subsidies are very different from implicit, open-ended ones.

8h agoHN ↗

It's not. This whole discussion is confused because it's based on a misunderstanding of how electricity markets work. When states charge a captive customer base whatever nuclear project costs turn out to be, profitability is not a meaningful measure of economic attractiveness. Levelised cost of energy, or system cost of energy, under different regulatory and market regimes, is the relevant benchmark.

10h agoHN ↗

This statement is kind of wild.

If your trying to argue that 417 operating reactors and 377 GW of operating nuclear capacity at end-2024, producing roughly 2,600–2,700 TWh/year, about 9% of global electricity isn't profitable at all and that somehow all that money is just lit on fire not generating profit/value? Bold claim -- the ecosystem is about $300-500 B/year globally per isn't profitable?

How can the scientific progress of developing nuclear power + medical isotopes and the entire value chain associated with that development, incredibly long lived assets, nuclear fuel development not have been profitable? The fact that you have baseload generation that supports the entire grid?

What part of the equation are you talking about - at what part of the project life cycle? Are you trying to say they were built and weren't profitable the minute the switch turned on?

10h agoHN ↗

Why does it have to be profitable? Not everything is a publicly traded company with quarterly earnings reports.

You do things with it's output that are profitable instead.

8h agoHN ↗

And I’d argue if you’re saying we need to take complete end to end costs into account, oil isn’t profitable either.

If oil companies are ever on the hook for climate change, the bill will be measured in trillions.

7h agoHN ↗

TVO in Finland seems to have managed that.

https://www.tvo.fi/material/sites/tvo/sijoittajasivut/pwmzkr...

So profitable yes. Would the owners/investors have made more money if they just bought random stocks based on some index? Probably. But not a loss.

Technically as a Mankala principle company TVO will never make any profit or loss. Profit here is some imaginary “how much money would they have made if the energy was sold directly to the nord pool”

6h agoHN ↗

China is the only country on Earth that I would trust to build, manage and maintain nuclear power plants.

The point you're touching on is that nuclear power is expensive, so much so that not a single nuclear power plant has been built in the world without significant government subsidies. And even then the LCOE cost is basically the highest amongst all electricity sources. And it only gets that "low" by them pushing out the lifetime of the power plant, at least on paper, to 60 years.

As an example, Hinkley Point-C ("HPC") has that 60 year lifespan, a cost that has doubled since it was approved and a contracted electricity cost that is among the highest in Europe but I believe that contracted price only lasts 35 years. So what happens then? Likely because of increased costs of plant maintenance the costs are going to go way up.

But back to China. China is building over 30 nuclear reactors currently. It has largely standardized on two designs (rather than a unique design for each site). It owns the supply chain and the IP. And each project is getting cheap credit from the state (under 2%). All of this is going to make the end result far more cost competitive.

I cannot stress enough how much standardization matters here and China has proved this time and time again, for example with trains (both long-distance and for metros). A time-consuming and expensive part of any large capital project is procurement. Every city in the West that wants to build light rail has to put out RFPs for the rolling stock. That process is time-consuming and you get no economy of scale. China basically says "this is what you're using" and it saves years and billions off any project. As an example, there are cities in China that had no metro system 20 years ago that now rank in the 10 largest metro systems in the world by track length, number of stations and ridership.

Any private nuclear power plant in the West is going to try to raise profits by cutting maintenance. We see this with every private utility in the US. Even with oversight by the NRC, the NRC itself is subject to budget cuts.

There are large, unsolved problems with all of this too. Processing the fuel, processing the spent fuel and the transportation and storage of spent fuel are all unsolved problems, despite what the pro-nuclear crowd like to say.

3h agoHN ↗

It is usually people parrot-repeating (like GenAI?) whatever intox Grennpeace and the likes (e,g, the German government under Merkel) spread.

4h agoHN ↗

If the nuclear power would not be profitable, then Germany would not have push nuclear phaseout through parliament in 2002. (Law: "Act on the structured phase-out of the utilization of nuclear energy for the commercial generation of electricity")

The German nuclear phaseout, had as side effect a national security issue, increased dependence on Russian natural gas.

4h agoHN ↗

That's a bullshit Statement. Nuclear in Germany was phased out because of ideology, not economics.

It was cheapest firm power in german merit order. Instead the guy that was later hired at gasprom had other plans, together with greens. As result coal is still used. New gas plants approved this summer

4h agoHN ↗

Exactly, there were no economical reasons for nuclear phase out in Germany.

It was a political decision and in the end a very costly one: much bigger burning of coal then necessary, new gas power plants, increased dependence on foreign energy imports.

1h agoHN ↗

Profitable compared to what, that provides base load?

If energy prices are too high, industry suffers. If you let the price rise, maybe China just eats your lunch.

What's the option value vs risk of gas price rises? Gas sets the marginal price of electricity in Italy today for 60% of the year [1]

[1] https://www.terna.it/DesktopModules/AdactoBackend/API/direct... "However, the electricity system remains significantly exposed to gas price volatility, which in 2024 determined electricity prices for more than 60% of the hours."

59m agoHN ↗

Nuclear power plants need to be taken offline for multiple weeks to months at a time for refueling and maintenance over their lifespans making them a poor fit for base load without extremely costly redundancy in a small country.

54m agoHN ↗

A couple points. No, entire plants aren't taken offline at once typically, individual reactor cores are, and modern designs work to minimize that. They still maintain extremely good uptime, especially if you're comparing them to intermittent renewables. Secondly, Italy isn't super tiny, and you need redundancy for outages and such in any grid regardless of its components.

45m agoHN ↗

A large fraction of all nuclear power stations only have one reactor.

maintain extremely good uptime

Not from a capacity planning standpoint.

20m agoHN ↗

Neither nuclear nor gas or coal will matter any more in a few years. It took California only six years to install 41% of the battery capacity goal it has for 2045[1]. As batteries are becoming part for new solar and wind installations, they will push nuclear and gas out simply by being cheaper and more predictable as an investment.

[1] https://www.emi-bg.com/en/battery-storage-in-california-has-...

1h agoHN ↗

no country had made road or water profitable either

17h agoHN ↗

Which proven French technology?

Given the outcome of Flamanville 3 and that the proposed subsidies for the EPR2 fleet are ruinously expensive France is unable to build competitive new nuclear.

16h agoHN ↗

Not sure why this is downvoted. Look up Olkiluoto 3 in Finland, it was 14 years late and (depending on whose figures you believe) cost nearly 10x more than the original estimate of €3 billion, bankrupting Areva in the process.

17h agoHN ↗

In most sunny places a decentralized per-home solar policy is cheap, sustainable, and more robust to severe local weather events.

While fission reactors are still the cheaper initial energy choice (like a future cancer patients love of cheap cigarettes.) Small Modular reactors are a fools errand for most places, as they have all the same security, labor, and maintenance issues of full sized installations. Thus, instead of repairing one of four turbines every few years, the contaminated components must now be reprocessed or safely hidden away on mass.

Maybe fine for submarines or aircraft carriers, but for massive infrastructure it is trivial to prove it causes major long-term problems.

Anyone that has ever purchased a property with an old leaky heating-oil tank nasty surprise site-reclamation cost... will understand the initial unit price never covers the actual clean up cost. =3

17h agoHN ↗

Why does electricity need to be profitable? Are roads, justice systems, or armies profitable?

17h agoHN ↗

It does not. But there are so many sources that can be. And easily at that. So why go this route?

16h agoHN ↗

A lot of countries consider energy security national security, and national security always bats last.

A lot of countries also use it to help subsidize (or help cover up the costs of) their military nuclear programs.

16h agoHN ↗

That's just not true. Event is PWR reactors take their root in the nuclear program for plutonium generation, that's not the case anymore.

17h agoHN ↗

Those things you pay for indirectly via taxes. Electricity you pay for directly. you can build unprofitable economically uncompetitive power, like nukes, and your rates will go up. People tend not to like that, but you can do it.

16h agoHN ↗

So the alternative is relying on solar panels made by a quasi-hostile country, because for some reason we can't produce them economically ourselves, or continuing to burn fossil fuels?

15h agoHN ↗

Countries just can pretty easily make solar economically themselves, it’s no great secret. But they don’t because china makes them a bit cheaper , you keep them forever and we’re not in a war. You think all the billions of parts and steel in a nuke will all be locally built too? For eg Go look up who owns almost all the foundries in the world that are required to build large pressure vessels for reactors.

So, option a sounds great to me, but you clearly have some kind of agenda here, that maybe you could make clearer

17h agoHN ↗

I'm fairly sure that the total economic value that we get out of roads far exceeds the cost it takes to create and maintain them, yes. A similar argument can probably be made for justice systems and armies.

If a power generation system costs more to operate than the value of power we get out of it, it's probably not very useful. I think that's what we're talking about here.

16h agoHN ↗

If a power generation system costs more to operate than the value of power we get out of it, it's probably not very useful.

There is more than money. There is stability (not depending on foreign oil, peak oil, etc), there is climate change, etc.

16h agoHN ↗

I think that for your analogy to work, you also need to consider the total economic value that we get out of electricity as opposed to just revenue from electricity bills...?

15h agoHN ↗

Notice how for roads you compare the total economic value of all roads against the cost of them. But for electricity you compare a single power generation system. You are not comparing the same thing. A fair comparison would be the total economic value of having electricity against the cost of all electricity infrastructure. Sadly this fair comparison is irrelevant in this thread.

14h agoHN ↗

If every government had subsidized and pushed forward a transition to ~100% nuclear power back in the 70s it would have effectively solved climate change. Electricity, industry and heat production account for >50% of CO2 production.

Then there's all the other effects of not having a high demand for hydrocarbons including less Middle East entanglement, less mining and drilling, more abundant and cheaper oil for uses other than burning it, etc.

17h agoHN ↗

Most electricity and infrastructure is profitable. But not after carving it out in a way that looks at it in complete isolation. Just like train infrastructure creates a lot of business around the area of the train infrastructure, even if the train itself may seem not self sustained.

16h agoHN ↗

Sure, but then that's not "profitable" in the direct sense of "makes rich oligarchs richer".

I'm all for improving the quality of life for society. In the end the goal is to live well, not to destroy our living conditions for a few oligarchs to make more money. But "profitability" is not generally optimised like this, unfortunately.

12h agoHN ↗

They are not profitable. They add taxes to gas so that it pays for it.

16h agoHN ↗

Because in their wisdom the politicians have created energy markets.

16h agoHN ↗

The costs for generating electricity needs to be paid for somehow.

Having the consumers of the electricity pay for has a lot of advantages!

15h agoHN ↗

Not sure about profitable but the lower the cost is the generate electricity, the better off the world will be. Cracking energy is, to state the obvious, a huge unlock.

14h agoHN ↗

Why would we choose a more expensive form of energy rather than cheaper forms?

There are good reasons to choose more expensive things, but "nuclear sounds cool" is not a good reason. There must be some sort of rationale and benefit beyond that.

14h agoHN ↗

Batteries and solar and wind are a lot cheaper, faster to deploy, and scale a ton better.

Nuclear is far too slow to solve our emissions problems, there's no chance of us being able to scale the nuclear industry to be able to confront climate change on the time scale necessary.

In contrast, batteries, solar, and wind are scaling on their own, without the massive government subsidies that would be needed to deliver nuclear too late to help.

8h agoHN ↗

Nuclear is actively negative-value too, because it discourages investment when people know that government-subsidised competition is coming.

4h agoHN ↗

Profit is the best way to measure that economic outputs exceed economic inputs, which is the whole point. But profit doesn't work so well as a measure when the outputs are hard to measure per individual beneficiary. Inputs are generally always pretty clearly measurable, but outputs aren't always, as in the case of roads and bridges - although even there often you can.

Electricity is super-duper easy to measure the individual benefits of, so profit is a really simple and easy way to measure the overall effective economic benefit. It's not perfect though - there are external costs to consider which aren't paid for directly, but we have lots of experience with that across all sorts of industries and usually solve for that via taxes and regulation, which become part of the profit equation.

16h agoHN ↗

They didn't because the taxpayers will finance that and no politician would be able to sell this.

16h agoHN ↗

Are fossil fuels net profitable after subsidies, wars, and externalities are considered?

16h agoHN ↗

Oh boy, they are sooooo profitable that there are wars around them.

16h agoHN ↗

Treat power plants as public infrastructure. No need for high returns or insurance of every risk.

16h agoHN ↗

That’s not a blank check to suddenly behave irresponsibly.

In Italy battery backed solar is going to win from a lifetime cost perspective and it’s only getting worse over the next 50 years here. The solution isn’t government subsidies it’s making nuclear cheap and safe without subsidies at the same time.

15h agoHN ↗

Do you mean nuclear isn't profitable compared to coal, whose costs are externalized, or compared to other renewables?

6h agoHN ↗

other renewables

Nuclear power is not a renewable power source in the technical correct meaning of the word. Fission material is "only" abundant, in that we can win nuclear fission material from many sources, including recycling spent nuclear material, but it is not available and spent without human intervention (otherwise we could argue fossil fuels are renewables, too).

As an aside, nuclear fission power differs from renewable power in many other ways, too. It is not clean, it is not easy to harvest, it is not safe, it is not cheap, it is not a mass job engine, it is not low-maintenance, it has less utility, and it has less flexibility.

1h agoHN ↗

IF the world got its primary energy from today's kind of light water reactors, uranium available at up to 3x the current price would only last for about five years.

A fully nuclear-powered world (including all energy use, not just grid electricity) would need breeding of some kind; otherwise the uranium just gets too expensive. So when you hear people claiming nuclear is cheap, ask them if that cheapness includes the technologies that would actually be needed for nuclear to do the full job.

4m agoHN ↗

If we needed more nuclear fuel we would be producing more of it. Comparing current production to a world where we use a thousand times more of it is ridiculous. Uranium is not that rare, and spent fuel rods still have well over 90% of their potency so they can be recycled.

Nuclear energy could easily power the entire planet for thousands of years.

15h agoHN ↗

We’re at the point now where this has to be a problem for the future.

12h agoHN ↗

Also, dealing with the nuclear waste can be problematic. Even if you recycle it like France, it still costs to re-enrich it and still produces waste itself.

12h agoHN ↗

That's why I think lifters are really the only true path to cost reasonable nuclear power... They "burn" almost all fuel and have separation procedures for the other fission products, and I believe they can consume nuclear waste since it's a breeder reactor.

11h agoHN ↗

Does it really matter if it's profitable? We're destroying the planet. Heaven forbid we lose money on something that gives us a chance.

11h agoHN ↗

Yes, because profitable enterprises are able to grow faster than unprofitable ones. If you think something is good, and want more of it, making it profitable is conducive to your goals.

7h agoHN ↗

Solar and wind aren’t profitable either if you count the entire lifecycle including bill of materials, production, transportation, maintenance, and teardown for replacement.

7h agoHN ↗

At least it is greener and cheaper. Especially Solar cells have become incredibly cheap now. Combined with battery storage, it's far safer and cheaper than nuclear.

And in a territory affected from seismic activities, I would avoid nuclear at all

6h agoHN ↗

Yeah but we are su subsidizing so much stupid stuff in the world, that dont need to be. Safe and clean energy is on top of my list of things i am very much ok with.

5h agoHN ↗

So you won't mind if I prefer (some of) my tax dollars go to subsiding reliable energy production.

If safe is your metric, nuclear power kills fewer people than roof top solar.

1h agoHN ↗

Solar/wind made reliable is still cheaper than new nuclear (which also requires some add-ons for reliability/leveling.)

6h agoHN ↗

without counting subsidies

Every energy industry has subsidies. Believing that one of them should work "without subsidies" simply misses the mark.

6h agoHN ↗

SMR makes no sense. It never did. It's a program to fuel academic empire-building and to siphon government money in the form of research grants and investment.

You see this pattern a lot in academia. Education is a great example. We know what works when, for example, it comes to teaching literacy. It's phonics. But over the past few decades we had a fad with "sight words". The evidence has come in that this has been a disaster. So why did it happen? Because nobody is going to get prestige in their education PhD by pushing an existing idea. They're incentivized to reinvent that wheel to shape themselves as an expert in the new wave.

That's exactly how SMR came about. It takes the idea of scaling by going small and repeating what you're doing rather than doing what you actually need to do and that is to standardize large designs. Larger reactors are just more efficient and that's physics.

I bet I could come back to HN in 10 years and SMR will still be exactly nowhere yet people will still be promising a bright future for it.

5h agoHN ↗

Why not subsidizing? What's the problem with that considering both renewables and fossils are subsidized?

Most sound smr is Canadian BWRX which is already under construction

4h agoHN ↗

Does it need to be profitable without subsidies? Governments run a lot of stuff at a loss as a service to citizens. For instance highways, trains, post offices etc.

4h agoHN ↗

Where is most of that future power going? Where are those power plants going to be installed? What need does those particular nuclear reactors would fill?

Do not get me wrong: I am not anti-nuclear per-se, but my main concern is that it would have made sense to have a long term strategy including phasing out of nuclear not directly shutting down in the 90's as the Italian did, but progressive phase out with upgrades to existing plants... Now it seems to be going a bit backwards.

Also, to contrast and put in context, in Belgium, Nuclear power plants were build by the state and therefore paid by the tax payers, raising taxes in order to afford them. The underpinning idea was that you pay a bit more and then once paid off you can get cheap energy.

This is not what happened, the power plants got privatised and the gains went to the new operators, leaving tax payers with the bill...

3h agoHN ↗

I agree with that, in Italy the telephone lines, highways and trains were privatized the same way, but that's just because politicians are corrupt and they were able to convince people that public companies had to make money like they were private and operating at a loss was bad.

3h agoHN ↗

oh the irony...

In France, which has the most nuclearized electricity, 13% of the electricity bill is actually a tax to finance the subsidies to solar and wind power plants.

Nuclear is highly profitable, if you compare prices for 24x7 electricity (i.e., if comparing with solar, factor in the cost of energy storage at grid scale, or separate power generators able to provide for peak demand).

17h agoHN ↗

So their plan to burn oil and keep the AC mandated no cooler than 24°C in their homes didn't work out? Huh.

7h agoHN ↗

* serving energy giants with subsidies.

17h agoHN ↗

Hopefully Germany will follow next. It’s absurd that they rely on fossil fuel and coal when they can build modern nuclear plants that can provide stable energy for the energy heavy industries.

It would take 5-10 years to build the power plants and maybe with Chinese aid even faster

16h agoHN ↗

I don't think that nuclear projects of any size could pass current environmental impact assessments.

Only a severe energy shortage could motivate politicians enough to temporarily skip these, like they did for the LNG terminals. But you can't build a nuclear power plant of any size within a single legislative period so its just not going to happen.

14h agoHN ↗

No thank you, we will happily continue with our investment in wind, solar and battery storage.

12h agoHN ↗

Where in comparable countries (= in europe) did new reactors take less than 10 years (from scratch even)? So we are at at least 10 years. But more realistically, taking recent megaprojects into account, its 20 years. In that time, batteries are way ahead and you can overbuild _so_ _much_ renewables and people even do it without subsidies (strangely, nobody builds nuclear plants without subsidies).

regarding the "stable energy" point: germany has one of the most (if not _the_ most) stable grids in the world and that is even with 50+ % renewables. And given it sits in the center of europe with grid connections all around, it's far cheaper to buy from whomever has the most favourable weather anyways (and sell to them if they don't). Thats why one of the biggest issues right now is not nuclear, but grids.

8h agoHN ↗

It takes five years to build a wind turbine in Germany. There is a snowball's chance in hell that you can build a nuclear power plant in that time.

16h agoHN ↗

Fun fact: in the 60s Italy was after the US and UK the county with the most advanced nuclear energy plants. These days still North Italy produces key parts of nuclear reactors in other countries.

16h agoHN ↗

Exactly! Italy during 60s was building nuclear plants, launching satellites, computing and pioneering in several advanced fields

16h agoHN ↗

David Sacks had an interesting stance on SMRs on Oct 19, 2024, before the election. Notice how he stands up for the downtrodden, poor population:

https://www.youtube.com/watch?v=ye012kzWJ3A (1:10:10):

"I'm virtue signaling because I'm Pro nuclear yes it's a luxury belief you're promoting something nuclear power is a luxury belief you heard it here first because they're going to put these things in poor communities and so it's never going to affect your life they're putting them next to Data Center in like Oregon like it's easy for you to say oh I support nuclear look how Progressive I am look how smart I am you haven't internalized the downsides [...]"

16h agoHN ↗

Sacks' image polishing agency is unhappy about pointing out gross inconsistencies. Do not question your betters.

16h agoHN ↗

As an Italian, I know exactly how this playbook plays out.

Nuclear energy is a big business for intimates friends, so on the trend that it's a green tech (apparently no carbn footprint, but what about the depleted fuel?) they approved the reopening of this technology.

Why going for SMR?

Well, it's the penalties business model and SMR is ideal because they are on paper, no valid proven commercial implementation. A company wins the contract, in this case i'm not sure if they'll go for a open bid, the contract include research, design, building and so on. At some point the political wind changes, contract canceled and hundreds of milions in contractual penalties to pay. It is essentially a mechanism to transfer public money to private friends, with zero obligation to ever break ground.

It's from 19th century that they are thinking about a bridge between Sicily and mainland. The last time the project was revived, the playbook went exactly as described above: years of studies, cancellation and massive state penalties paid out to contractors for a bridge that still doesn't exist (Sicily and mainland are on different tectonic plates).

No mention there is no national deposit for nuclear waste, especially in a highly sismic territory.

16h agoHN ↗

It is essentially a mechanism to transfer public money to private friends,

I agree completely and would go so far as to claim that presently in 2026 that money-transfer mechanism is the real motivation for any nuclear project in any country. Renewable options are the better path now from a technical point, but politicians and their buddies can't easily make as much money from that.

16h agoHN ↗

Voting for it is easy and I hope it catalyzes innovation. But still, completing a damn reactor without insane budget overruns is the problem.

16h agoHN ↗

Has there been a single SMR deployed and working yet? There were lots of talk about GE BWRX-300 and Rolls Royce SMR but none of them seems to have even started construction.

16h agoHN ↗

Sweet. Minimum 20 years and $20Billion before any electricity is produced.

I wonder how much solar, wind and batteries you could get for that, and how quickly it would be deployed

15h agoHN ↗

Can someone explain me like I’m a middle age person why Italy, and France, bet on nuclear fission?

It’s not competitive on cost anymore and we don’t have a good track record.

13h agoHN ↗

Most likely: Corruption in one way or another.

15h agoHN ↗

Always funny to see how plutonium pilled hn is. Nuclear power in Italy is idiotic. They won't even be able to cool the damn reactors. Europe is drying out.

15h agoHN ↗

Italy is surrounded by water, do you think the Mediterranean Sea is going to just dry out?

15h agoHN ↗

His ignorance is on full display when he said plutonium.

12h agoHN ↗

the Mediterranean has dried up several times in history and it will dry up again, as the African continent collides with Europe. Currently, water flows in at Gibraltar with a very strong current to try to keep up with evaporation, making the Mediterranean saltier and saltier (than the Atlantic) over time. When the strait closes because Africa and Spain push together, the Meditteranean will very quickly dry up.

4h agoHN ↗

When the strait closes because Africa and Spain push together

So really no danger of the Med drying up over the lifetime of a nuclear power station, conservatively 100 years.

15h agoHN ↗

I just don't get people saying how terrible climate change is going to be for the world and then refuses to support nuclear.

If climate change is such a critical problem, then let's try everything to get this solved even if it costs more to do it. If you are only willing to do some solutions because it is cheaper then I don't believe you when you say it is important to solve.

And frankly, we don't know the full impact of climate change, so having as many alternatives as possible just makes sense. Hydro can be impacted by droughts which will be more common. Solar may be impacted if there are increased storms. Wind may be impacted due to stilling (slowing of wind due to an increase in co2).

Why not throw nuclear into the mix to ensure we do not run out of power?

14h agoHN ↗

Because having a solution would put the climate change organisations out of a job.

12h agoHN ↗

Hydro can be impacted by droughts which will be more common

You did read the news this summer? Like https://edition.cnn.com/2026/08/03/europe/hungary-nuclear-pl... ?

Most of the environmentalists will tell you that it's dumb to shut down nuclear, but building new plants just takes too long and is too expensive. Why then not just put the money into things that are cheap now and will get even cheaper tomorrow?

Hedging against downtime is comparatively easy, just diversify by location and improve the grid, which is way less expensive than building out power plants.

12h agoHN ↗

Every source of power has pros and cons. They all have risks and benefits.

If there is a push to do a specific clean energy I think we should go for it regardless of the cost. If you think the climate issue is going to be a very severe issue then you should take every option at our disposal and encourage every push for an alternative to fossil fuels. Since you are refusing this, then I assume you don't think it is severe.

Large countries may be able to hedge against downtime, but smaller countries can't. Also, like I said, we don't really know the impact of all of this which is why we should diversify as much as possible. One of those diversifications should be nuclear as well as solar, wind, and hydro.

12h agoHN ↗

Italy is hugely dependent on natural gas for electricity, so it actually makes economic sense.

South Korea has a lot of nuclear power for related reasons - they can't risk being too dependent on LNG imports, lest some of their more volatile neighbours capture the shipments.

4h agoHN ↗

I doubt that number but it would be an improvement: the MW in Italy is far beyond 200 USD/MW in wholesole market.

Btw, it is not completely about price/MW but it is also about sovereignty and... No, there is no U mines in Italy but a commodity market is much more managable than the oil market.

15h agoHN ↗

Really good news for Italy and for the whole of Europe (if not the world)!

The atomic revival of Europe

14h agoHN ↗

This is somewhat strange. Italy has a lot of sun, and a lot of mountains for these pumped storage hydropower plants. It is way harder to store output from PV on Great European Plain.

14h agoHN ↗

I wonder how much of a factor is that nuclear plants are effectively "unbombable". Ukraine's thermal plants have taken a beating, but their nuclear plants are still generating.

14h agoHN ↗

There should be a shared EU nuclear consortium, a public version of Airbus but for nuclear energy spearheaded by France.

14h agoHN ↗

I don’t know why commenters here are treating energy technologies as winner-takes-all. Solar is cheap and getting cheaper, and that’s fantastic news for everyone, but that doesn’t mean it suits every country, every niche, and every application. There are plenty of places that don’t have massive tracts of spare flat land, or the right latitude, or favorable weather. Even if nuclear isn’t ever the cheapest option, the world energy market is so huge and diverse that it still makes sense to have nuclear as an option.

14h agoHN ↗

massive tracts of spare flat land, or the right latitude, or favorable weather.

Italy has all that right across the pond.

And no energy source can beat solar on the speed of build out. And when it comes to the energy the next few years is all about build out [for AI]. Countries who get it right - like China, look at their solar and new datacenters getting powered by it, may be US if the required thinking wins - are going to lead the world in the near to mid-term future, the rest are going to be struggling seconds.

Building nuclear today in the energy field is like building tanks in military whereis solar is like drones - i.e. we have choice between 2 classic paradigms - very limited vertical scalability with extremely costly units vs. unlimited horizontal scalability of extremely cheap units.

14h agoHN ↗

When it comes to Italy however, nuclear does not fit that niche of a plausible technology.

Finland? Sure! Italy has far better, cheaper, routes.

2h agoHN ↗

because certain political parties have made energy technologies part of their identities, which is... stupid.

1h agoHN ↗

nuclear is a great option for ice breakers & submarines.

in a connected grid nuclear cannot economically compete against solar (which pushes the cost of daytime energy to effectively 0€) so it has to be heavily subsided, which raises the cost for everyone. a euro spent on nuclear is a euro not spent on batteries or hydrogen production

13h agoHN ↗

Even if it passes, you'll see the first nuclear power plant not before 15 years.

And it will not pass before the next legislature in 1 year.

13h agoHN ↗

Brace yourself, every large nuclear accident has been preceded by the Italian considering nuclear again. (Well at least Tchornobyl and Fukushima, ”which isn't a lot, but it's weird that it happened twice”)

4h agoHN ↗

We should do what we do for fossil fuels: Permanent storage in the atmosphere.

12h agoHN ↗

The enduring fascination of isotopes and neutrons zipping in and out...

Taking a look at the costs (not to mention genuine safety and sustainability in the long run): https://en.wikipedia.org/wiki/Cost_of_electricity_by_source

In the current landscape—with the costs of solar and wind power steadily falling and storage technologies emerging, driven by the expansion of electric vehicles—I really don't know what kind of commercial future nuclear energy has (in terms of delivering lower energy costs).

12h agoHN ↗

Can someone explain to me why nuclear HAS to be profitable?

11h agoHN ↗

If a power source is profitable on its own, it can be financed by private investors. If it is unprofitable, it needs to be financed at least in part by the state, so it would come at the cost of the taxpayer.

11h agoHN ↗

Most of oil and gas money goes to fund terrorism. Boycott it as much as possible

2h agoHN ↗

Partially true, the largest uranium mines are in Canada, Australia and Namibia, but it is a commodity market and it is way more managable than oil market.

Also, you can stock pile uranium and forget about the market for ten years. Oil strategic reservers requires large infrastructures and usually last only few months.

8h agoHN ↗

China is building nuclear reactors faster than any other country: https://news.ycombinator.com/item?id=38485137

Belgium stops decommissioning nuclear power plants: https://news.ycombinator.com/item?id=47961319

Canada plans 'nuclear renaissance' with up to 10 reactors built by 2040: https://news.ycombinator.com/item?id=48634585

Its important to remember that nuclear needs water and is not immune to climate change. France and Switzerland shut down nuclear power plants amid scorching heatwave: https://www.euronews.com/2025/07/02/france-and-switzerland-s...

And maybe unknown future costs. Government awards $45B to company treating over 50M gallons of leaking radioactive waste: 'One of our nation's most important environmental challenges': https://www.thecooldown.com/green-business/hanford-nuclear-s...

Admiral Rickover's 'Paper Reactor' memo: https://whatisnuclear.com/rickover.html

5h agoHN ↗

France and Switzerland shut down nuclear power plants amid scorching heatwave

Spain's reactors were fine. Regulations of cooling water discharge temperature are what are limiting the reactor output. Adding cooling towers to the power stations leads to a poorer condenser vacuum than river water, reducing electrical output by a few percent, but still a possibility. Whether it is economically worthwhile to retrofit cooling towers is another question.

3h agoHN ↗

and for France, we're talking about 6 reactors voluntarily paused, out of 56.

6h agoHN ↗

People usually do not include the costs of actual insurance into those calculations. If you do you end up with much higher prices per kWh for nuclear.

Additional cost estimate in numbers per kWh

Numbers:

Germany: + 0.139€-2.36 €/kWh

Japan: + $0.22–5.78/kWh

I could not find numbers for the US, but you guys have the Price-Anderson Act that limits the liability of nuclear operators.

Sources:

https://www.versicherungsforen.net/schaden-leistung/berechnu...

https://www.mdpi.com/2071-1050/8/12/1301

https://www.congress.gov/crs_external_products/IF/PDF/IF1082...

The German study is not undisputed, but the opposing side was funded by nuclear industry, while the original study was done by insurance providers and aligns with the Japanese results.

Neither study considered terror, or hybrid warfare as additional risks.

Given the amount of sabotage we see in Europe at the moment, premiums would probably be even higher.

5h agoHN ↗

I agree with everything you said but want to add some more about the Price-Anderson Act. It does a few things:

1. It caps the liability for an incident at a single reactor. It goes up with inflation and I believe it's currently $500 million;

2. It establishes an industry-wide secondary self-insurance fund for broader incidents and caps liability. I believe the current theoretical value is $15-20 billion; and

3. In the event of a wider incident, the per-reactor liability cap is lower than (1). I believe it's $150 million.

So who pays if an incident exceeds these caps? The government does. These are either entirely or largely privately owned. Why exactly are we subsidizing private providers this way while enjoying none of the profits?

Now go and look at the cleanup costs of either Chernobyl or Fukushima. The latter is going to take decades, possibly a century, and the costs are in the hundreds of billions of dollars. Chernobyl is probably higher.

Yet these get hand-waved away by nuclear advocates despite there being 2 major events when fewer than 700 nuclear plants have been built (and I believe that includes non-power plants).

5h agoHN ↗

Now do the clean up costs of fossil fuel power generation

5h agoHN ↗

Crude oil has been leaking in to the oceans on and off for millennia.

You know what happens to it?

It breaks down.

5h agoHN ↗

Interesting take to trivialize oil spills.

Take coal, then. The radiation from coal power alone (excluding accidents) kills more people every single year than nuclear power has killed in its entire existence (even including accidents).

But you focus on one single thing: Oil spills. The grandparent comment talks of fossile fuels. What about co2?

Co2 has been leaking out into the atmosphere for many years. You know what happens to it? It stays around basically forever, kills enormously (directly and indirectly), and in fact causes a spiralling effect.

5h agoHN ↗

No, it's included and is dirt cheap. German nuclear provided for about 5ct/kwh, similar to Switzerland https://www.kkg.ch/de/uns/geschaefts-nachhaltigkeitsberichte... or other countries.

In Germany liability was covering 2.5bn+ full assets of owners. I still find it funny how germans are concerned about nuclear when each 2y the same nr of ppl die as total estimation for Chernobyl (if we assume LNT is correct at low dosages). Yet nobody demands full cars ban. Even funnier considering Germany is still burning coal and approved subsidies for new gas peakers

4h agoHN ↗

Your document shows 10.9 ct/kWh normalised production cost for 2025 (roughly double the ~5 ct of a normal year, because the plant was offline half the year). That shows how exposed such a plant is when it's offline; and running an existing, paid-off plant built in the 1970s, like the one you linked, is a very different thing from building a new one today.

Burning coal sure is stupid, but so is being stuck in the outdated idea that we need either coal or nuclear for baseload. Solar, wind and storage are much cheaper, more flexible and far faster to build (a year or two, not 15+). IMO that's a much better answer than starting some SMR pipe dream now. 10 or 20 years ago it would have been different, but there's no point clinging to a solution just because it made sense back then, and was rejected for the wrong reasons.

3h agoHN ↗

So you see that avg opex price is cheap, thanks for acknowledging. That was the statement, not that in new plants power is more expensive because they need to repay loan (which is balooned due to delays)

We need firm power. This isn't outdated. That's also why Germany approved subsidies for new gas plants, which were recommended even by Fraunhofer ISE

Basically either you build a mix like france/nordics and get very low emissions or you are stuck with vre+bess+gas combo like Germany.

Or, if you are convinced VRE are enough, provide an estimation/simulation for German grid based on existing data of last decade (capacity factors/demand)- how much vre+bess is needed to ditch firm fossils fully

5h agoHN ↗

https://www.versicherungsforen.net/schaden-leistung/berechnu...

From google translate """ Depending on the probability of such an event occurring, the annual premium varies between €0.01 and €305.83, based on a mean total insured sum of approximately €6,090 billion. If the entire insured sum were to be provided over a period of 100 years, the annual insurance premium per nuclear power plant would amount to €19.5 billion. """

No mention where the 6.09T EUR (presumably 2011) cost comes from. Given the stated insurance premium of 19.5B EUR power station per year I would naively expect such a cataclysm to happen perhaps once every 300 years. The global reactor fleet has been running for at least 19,000 years (https://www.ans.org/cdn/policy/statements/docs/ps51.pdf); the two IAEA INES level 7 accidents relating to nuclear power stations were Chernobyl and Fukushima, and cost nothing like 6T EUR. Therefore the numbers in the insurance study do not align with what is observed.

3h agoHN ↗

And I would question the "accidental" nature of Chernobyl, given than the power plant has voluntarily been pushed out of its boundaries.

...and yes I know, then design flaws stroke. But the initial spark was not accidental at all.

5h agoHN ↗

In my opinion the best argument for nuclear power is not money, but environmental.

The radiation from coal power alone (excluding accidents) kills more people every single year than nuclear power has killed in its entire existence (even including accidents).

But also: What is the cost of non-nuclear's raising of co2 levels and climate change?

4h agoHN ↗

The environmental argument would be to reduce coal as quickly as possible.

Solar and wind each deployed more than double the coal displacing generation in china than nuclear over the last 15 years. And that includes their early years when they were just getting started. It's triple over the last 10 years or about 6x (wind) or 8x (solar) more in the last 5 years.

2h agoHN ↗

The environmental argument

Which is an economic argument, too. It's merely not been priced in yet.

Yup. I guess we still disagree if nuclear is needed long term for Dunkelflaute, and for countries with darker winters.

It's one thing to use storage for overnight. Another if it's for a couple of weeks. And yet another for 6 months.

And take Sweden: Lots of hydro power yes, but where it can feasibly & economically be built, it already has. You can't expand it. And that's not even mentioning that all you need is a drought in winter, and you can no longer rely on it. Currently Sweden is backed by coal plants in Germany. But we need to plan for it being Dunkelflaute in Germany and Italy, at least enough to not have surplus for the nordics.

As for "it's always sunny somewhere", sure, but you need to get it there, somehow. Transmission is why electricity prices in Sweden can be "more than infinity percent" more expensive in south of Sweden compared to north. (electricity prices in the north has gone as far as negative), and is why data centers are built near power plants, or at least it's part of DC location planning.

If transmission costs were negligible then we wouldn't need to take power into account for DC placement. I have some rants about this related to how some DCs are away from population centers to save money on power, noticeably sacrificing latency to the actual end users.

1h agoHN ↗

The zonal pricing differences in Sweden are mostly a mathematical mirage. The cheap zones 1 and 2 are combined together only a third of the demand of zone 3.

If you waved a magic wand and combined them with infinite transmission for free the price in the expensive area with all the people and energy demand would barely move. (It would disproportionately rise in the cheap zones).

So any sane approach wouldn't spend money shifting the small amount of surplus power from the cheap region but spend the same money on say offshore wind feeding into the expensive zone. This is basically the pitch for zonal pricing, it tells you where demand and supply are needed. Building lots of transmission until the price is the same everywhere defeats the purpose. Building lots of offshore wind was the actual plan but most of those got rejected on bogus national security grounds.

The rejected wind farms would have doubled the entire country's generation.

1h agoHN ↗

As long as the overall strategy has a plan for dunkelflaute which isn't just "oh then we'll just import (German coal power)", then sure.

bogus national security grounds.

Nobody would sabotage energy infrastructure in or near international waters, you mean?

2h agoHN ↗

For China, coal power generation is the bedrock of electric production. They have plenty of coal reserves and are building a plenty of new coal power plants.

https://www.forbes.com/sites/katharinabuchholz/2026/02/27/ch...

The share of primary energy in China in 2025 was: coal 56% , oil 20.8%, gas 9.8%, nuclear 3.2%, hydro 3%, solar 2.6%, wind 2.5%

https://ourworldindata.org/grapher/share-of-primary-energy-b...

But there is one positive change. 2025 was the first year in history of China when solar energy production increased more then increase in coal, gas or oil energy production.

https://ourworldindata.org/grapher/annual-change-primary-ene...

5h agoHN ↗

Are large hydro dams insured for the total costs of catastrophic flood event?

A typical third-party liability insurance cap for large hydroelectric dams ranges from $50 million to $100 million per occurrence, with major facilities stacking excess liability layers well beyond that.

Dam failures can cause very large costs. The 2015 Fundão tailings dam breach:

" On 25 October 2024, mining companies BHP and Vale signed an agreement with the Brazilian government to pay nearly US$30 billion in compensation over the Mariana Dam collapse. The terms include $18 billion in funding for public authorities and $5.6 billion in additional compensation, resettlement, and environment restoration. "

https://en.wikipedia.org/wiki/Mariana_dam_disaster#Governmen...

1975 Banqiao Dam failure, Deaths 26,000–240,000. Property damage: 62 dams collapsed, more than 5 million houses collapsed, 10.75 million people affected

https://en.wikipedia.org/wiki/1975_Banqiao_Dam_failure

For sabotage in Europe, I would be much more worry about security of hydro dams, chemical facilities and water supply. They are much more weakly protected then nuclear power plants.

https://www.nrc.gov/regulations-legislation/fact-sheets-broc...

4h agoHN ↗

In Ukraine a large dam was destroyed, you can see it from space. Terrible, but things moved on.

Things would not move on as smoothly if Chernobyl containment was bombed.

4h agoHN ↗

It was bombed, and things moved on even more smoothly.

2h agoHN ↗

There was not only massive amounts of ecological damage due to russian destruction of the Kakhovka Dam (which was a war crime), but also at least 59 people died. This would be impossible at Chornobyl because nobody lives around it.

https://en.wikipedia.org/wiki/Destruction_of_the_Kakhovka_Da...

I'm not saying destroying the chornobyl sarcophagus would be great, but it wouldn't cause the same amount of damage.

3h agoHN ↗

We also don't factor in a carbon tax for the fossil-fuel power plants.

Yet their CO2 will remain for 10'000 years on the atmosphere, affecting even remote populations.

4h agoHN ↗

Italian here. I seriously doubt this thing will lead anywhere. If something slightly more concrete than this will appear, there will be an insurrection. NIMBY is very strong in Italy (after decades of attempts, we are still without a spent fuel depot for this reason).

Also, in the past Italy already voted twice against nuclear. I doubt the popular opinion has changed meanwhile in any significant way. As soon as popular opposition will manifest, the politicians will forget the whole issue.

4h agoHN ↗

To be fair, the referendums for Nuclear were so poorly timed. Just after Chernobyl and Fukushima.

I don't know if this was a deliberate choice of the governments leading the country those years (the tinfoil hat in me can see big oil pushing for those referendums at those particular times) or pure bad luck. Anyway, public opinion was highly biased which led to "No" winning with fair margins. With that said, I believe NIMBY is a contributing factor and not the whole explanation.

4h agoHN ↗

“Also, in the past Italy already voted twice against nuclear. I doubt the popular opinion has changed meanwhile in any significant way.”

Public opinion can change very quickly, and it usually it does not need to change significantly to have a big impact (see Brexit).

40 years ago public opinion was heavily influenced by the Chernobyl disaster, the last major nuclear accident (Fukushima) happened 15 years ago and it is quite far from memory.

Much more pressing matters today are energy costs and independence, so I expect a new referendum would have at the very least a much closer outcome.

4h agoHN ↗

Why are so many of the top comments like "But muh, nukelaer energy bad" and when pushed to explain why , its "bad. very expensive"

4h agoHN ↗

We are currently running nuclear at a capacity factor of around 91% in the US. Solar is somewhere around 24%.

1GW at noon vs 1GW forever. The area under the curve is what matters. Not the peak of the curve.

How much more would you be willing to spend to get 4x the nameplate capacity and to also get it whenever you need it?

The economics of a single plant are irrelevant in comparison to the requirements of the grid that it operates within. If someone could invent a source of power that magically scales exactly with the duck curve in Texas, I guarantee that would fetch a premium on the market, even if other economic characteristics are not competitive.

The solution to nuclear is to standardize the design and deployment process. France has demonstrated it can be done. Perhaps their engineers should be in charge of some new global standards body.

4h agoHN ↗

Looking at the top comments in this thread claiming a bunch of false things I see HN is essentially fully captured by anti-progress populism at this point.

It’s sad to see, for a former community of “hackers.”

2h agoHN ↗

Good luck with that. No problem with investing some money , but it has to be commercially viable first and recent Western projects all over the globe have not instilled any confidence in that.