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Nuclear Energy Now More Expensive Than Solar
js_sebastian writes "According to an article on the New York Times, a historical cross-over has occurred because of the declining costs of solar vs. the increasing costs of nuclear energy: solar, hardly the cheapest of renewable technologies, is now cheaper than nuclear, at around 16 cents per kilowatt hour. Furthermore, the NY Times reports that financial markets will not finance the construction of nuclear power plants unless the risk of default (which is historically as high as 50 percent for the nuclear industry) is externalized to someone else through federal loan guarantees or ratepayer funding. The bottom line seems to be that nuclear is simply not competitive, and the push from the US government to subsidize it seems to be forcing the wrong choice on the market."
I wonder how happy the Not In My Backyarders are right now.
Yes very thank you.
Nuclear, an awesome power source is now more financial suicide than anything else.
Woa, I never opposed nuclear power-stations. Only those in my back yard.
I hope you all enjoy spending your nights in the dark, that is until fusion comes along and you try to kill that too.
No, lets have them. Just so long as they aren't in my back yard
I was always under the impression that nuclear power was a way to get access to knowledge and materials for buildning bombs, not really for electric power. It has never been worth the cost if you calculate the price per Kwh over its lifespan, including waste handling and other often hidden costs.
The US knows this as does the rest of the countries that has nuclear power. I suspect thats one of the reasons the rest of the world scoff at Iran when they say they only want nuclear reactors for generating power.
HTTP/1.1 400
Um, Yucca Mountain is being shut down.
Just like your comment.
When you're afraid to download music illegally in your own home, then the terrorists have won!