When will we move on from the Nuclear farce? Spend Billions on subsidies to build reactors that don't yet exist? Why, they cannot compete with solar/wind/storage on any level. For those that point to the subsidies that renewables have received over the years, the premise was that subsidy will pump prime the market, technology costs will come down, and we'll end up with subsidy free renewables. It worked. Renewables are the cheapest form of power generation in many, if not most parts of the world. Nuclear on the other hand, costs have spiralled upwards, despite mammoth amounts of subsidies, and ignoring the humongous costs of decommissioning and storage of hugely toxic waste. And don't start me on fossil fuel subsidies!!!!!
Monday rant over..... Back to building a sustainable, clean energy and mobility world, by aligning the best talent with the best companies in the sector. And coffee.
Backers of mini nuclear power stations have asked for billions of pounds of taxpayers’ money to build their first UK projects, according to an official document. Advocates for small modular reactors (SMRs) argue they are more affordable and less risky than conventional large-scale nuclear plants, and therefore able to compete with the falling costs of windfarms and solar power. But the nuclear industry’s claims that the mini plants would be a cheap option for producing low-carbon power appear to be undermined by the significant sums it has been asking of ministers. Some firms have been calling for as much as £3.6bn to fund construction costs, according to a government-commissioned report