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Old 12-25-2023, 05:19 AM
Sparty Sparty is offline
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Default Nuclear Power Loses its Shine: CSIRO

https://www.csiro.au/en/news/All/Art...lear-explainer

Summary:

Key points
Nuclear power does not currently provide an economically competitive solution in Australia.

Lead author of GenCost, Paul Graham, says updated costs for a key project in the US have been found to be very high.

The costs for small modular reactors (SMRs) could improve over time, but will be too late to make a significant contribution to achieving net zero emissions.


Australia's energy landscape is at a crossroads. As the nation strives to meet its ambitious net-zero targets, the question of which energy sources will power the future looms large. A recent report by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) throws a wrench into the mix, casting doubt on the economic viability of one potential contender: nuclear power.

The CSIRO's modelling paints a stark picture. Contrary to past assumptions, the report reveals that small nuclear reactors, once touted as a game-changer in clean energy, are no longer cost-competitive with other options. Their price tag has ballooned significantly, eclipsing the costs of established renewable energy sources like wind and solar. This economic hurdle throws a wet blanket on the nuclear dream, raising questions about its feasibility in Australia's energy mix.

The implications of the CSIRO's modelling are far-reaching. If nuclear is no longer a cost-effective option, it throws the spotlight back on renewables as the primary driver of Australia's energy transition. This will require continued investment in wind, solar, and other renewable technologies, along with robust energy storage solutions like batteries. Additionally, it underscores the need for innovation in the renewable sector to further drive down costs and improve efficiency.

https://www.csiro.au/en/news/All/Art...lear-explainer

 

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  #2  
Old 12-26-2023, 10:30 PM
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This is an article about the Australian government’s position on nuclear energy. It discusses the fact that nuclear energy is expensive and that the Coalition is proposing it as an alternative to renewable energy. The author argues that nuclear energy is not a viable solution to Australia’s energy crisis, and that the Coalition is only proposing it in order to distract from its own failures.

https://www.theguardian.com/australi...mate-vandalism

 

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Old 12-27-2023, 11:14 PM
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© Copyright CSIRO Australia

Annual change in capital costs. Picture: CSIRO

 

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