Every dollar spend on nuclear would deliver more power sooner if spent on renewables.
Every dollar spend on nuclear would deliver more power sooner if spent on renewables.
It only requires over-provisioning of 20%. https://mitpress.mit.edu/books/electrify
Here's an anti-renewable paper that quite ironically makes the point quite well that battery storage is quite viable: https://www.nature.com/articles/s41467-021-26355-z
Take a look at the graphs at the back. It shows a 99.99% reliable grid made up of an optimal mix of solar & wind, 3x over-provisioned along with 3 hours of storage and a continental grid.
We don't need 3x over-provisioning because the paper doesn't include hydro or existing nuclear. And 3 hours of storage is a lot of batteries, but it's a lot cheaper than building new nuclear.
Until renewables displace a lot more fossil fuel power, those costs are not a consideration. That might happen within a decade in places like New Zealand.
Still, capex on grid scale storage is up and costs are trending down: https://www.renewableenergyworld.com/storage/investment-tren...