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Toshiba Is 'Burning Cash At An Alarming Rate' (reuters.com)

bsharma quotes a report from Reuters: Faced with the prospect of a multibillion-dollar write-down that could wipe out its shareholders' equity, Japan's Toshiba is running out of fixes: It is burning cash, cannot issue shares, and has few easy assets left to sell. The Tokyo-based conglomerate, which is still recovering from a $1.3 billion accounting scandal in 2015, dismayed investors and lenders again this week by announcing that cost overruns at a U.S. nuclear business bought only last year meant it could now face a crippling charge against profit. Toshiba says it will be weeks before it can give a final number, but a write-down of the scale expected -- as much as 500 billion yen ($4.3 billion), according to one source close to Toshiba -- would leave the group scrambling to plug the financial hole and keep up hefty investments in the competitive memory chip industry, which generates the bulk of its operating profit. "Toshiba's immediate problem is that it is burning cash at an alarming rate, and this will be more than challenging," said Ken Courtis, chairman of Starfort Investment Holdings. "I see little option but to sell a slew of non-core assets."One source in the semiconductor industry said Toshiba could revive plans to list a slice of the memory chip business, which though highly profitable burns through cash for reinvestment. "Toshiba will probably need to sell 30-40 percent of the NAND business in an IPO to secure enough cash," the source said, adding China's aggressive drive into NAND flash memory chips could make the timing reasonable. The group has already said it could reconsider the "positioning" of its nuclear business, deemed core last year, and has signaled it could trim an 87 percent stake.

103 comments

  1. Good old short term investers by rsilvergun · · Score: 1

    Gotta love them. A momentary dip in profitability can kill a company dead as they circle like jackals. Anyone else remember when 3DFX products were flying of the shelf and they still went out of business?

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
    1. Re: Good old short term investers by Anonymous Coward · · Score: 0

      That's the p ice you pay for making your corporation public.

      Keep it privately held.

    2. Re: Good old short term investers by Anonymous Coward · · Score: 0

      *price

    3. Re:Good old short term investers by Guspaz · · Score: 1

      Their products weren't flying off the shelves, and they had crippled the development on their NV20 competitor to get the V4/5 out the door. Even if the creditors hadn't killed the company prematurely, their past mistakes meant that they probably would have put out a card competitive with the GeForce 3 right as the GeForce 4 was coming out.

    4. Re:Good old short term investers by Anonymous Coward · · Score: 0

      3DFX were the first to market but Nvidia ate their lunch. As a TECHNOLOGY company you cannot rest on your laurels and expect to survive.

    5. Re: Good old short term investers by Anonymous Coward · · Score: 0

      yellow snow, don't eat it

    6. Re:Good old short term investers by Anonymous Coward · · Score: 0

      There are a large number of technology companies which don't earn money in the short term but are valued high due to long-term prospects. It's a cliche of Silicon Valley and the tech sector. How much money does Uber make?

    7. Re:Good old short term investers by spire3661 · · Score: 2

      Exactly this. I had a guy straight up trade me a Voodoo 5 for my GeForce with hardware T&L in college. We met playing a Q3 match and found out we were on the same campus. I still feel i got the better end of the trade, the V5 was great at anti-aliasing, but he needed the hardware T&L feature.

      --
      Good-bye
    8. Re: Good old short term investers by orlanz · · Score: 3, Interesting

      What do short termers have to do with this? First, the company really screwed up last year. I doubt they have many willing long term investors left. Scandals like that hit long time supporters the most.

      But that scandal is what is messing with them now. It's a pretty bad confidence hit to their accounting practices to mess up like that. This just makes it far worse. That lack of accounting & transparency confidence severely limits your investor pool. It rules out those big ticket govt backed entities like 401k funds.

      And because of the screw up, they're barred from issuing more stock. Even though it's 4+ billion, for a company this size, that is easily solved by stock. But they don't have that option now. BTW, short term investors are the ones which would have bought up that stock issuance.

    9. Re:Good old short term investers by rahvin112 · · Score: 1

      It's comments like this that indicate how poorly informed the general public is on financial matters. 3DFX went under because they were burning through money hand over fist and ended up owing more money than they could ever make.

      3DFX made a very poor decisions to purchase Diamond Graphics factory in Mexico and began sole sourcing their boards. This was a colossal mistake at the time as the cheap Chinese assembly factories were just coming online and all the OEM's out of China were willing to lose money to gain market-share. 3DFX wasn't cost competitive, their factory costs made them lose money on every product and even then they couldn't fully saturate the production line meaning they were losing money on the factory. This on top of design cost overruns and delays that murdered them. 3DFX was very poorly managed and in the end they were sold for pennies on the dollar.

      3DFX was almost a text book example of how not to run a company. I think Jen (CEO of Nvidia) is a dickhead but he knows how to run a business unlike the prior 3DFX CEO's.

    10. Re:Good old short term investers by Anonymous Coward · · Score: 0

      It is risky to be in the front line of a revolution. Those folks usually die to the second wave.

    11. Re: Good old short term investers by arglebargle_xiv · · Score: 1

      That's the p ice you pay for making your corporation public.

      It was the US that forced the breakup of the zaibatsus at the end of WWII, it wasn't any part of their own business plan to go public.

    12. Re:Good old short term investers by dunkelfalke · · Score: 1

      You sure about that? If I remember correctly, DiamondMM was bought by S3, and 3dfx bought the STB factory.

      --
      "It's such a fine line between stupid and clever" -- David St. Hubbins, Spinal Tap
    13. Re:Good old short term investers by drinkypoo · · Score: 1

      It is risky to be in the front line of a revolution. Those folks usually die to the second wave.

      Oddly, nVidia succeeded by hitching their wagon to Microsoft. Since only a few nerds care about open source drivers, this really hasn't hurt them. It has been speculated that the reason that nVidia cannot release more driver source is that it is encumbered by agreements with Microsoft related to the adoption of the NV2A part for Xbox, and nVidia's subsequent opportunity to basically define Direct3D in their image for a time. Supposedly their Tegra chipset is generally in-house and unencumbered, so they can release more information about that family than they can GeForce.

      I'm not up on the known details of the contract between nVidia and Microsoft on that occasion, if indeed there are any, and I would appreciate any information Slashdotters have on the subject. It would be interesting to know how nVidia managed not to wind up as a Microsoft subsidiary, and yet also succeeded.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    14. Re:Good old short term investers by cheesybagel · · Score: 1

      It had little to do with Microsoft. NVIDIA had integrated 2D/3D graphics on the same chip. So you only had to buy a single card instead of two. It was much cheaper. You also didn't have image quality issues or the hassle of using a pass-through cable. In addition NVIDIA had a fully OpenGL compliant card at the time 3dfx was rather universally derided for its crap OpenGL support. They basically had what they called a MiniGL driver which was only good for Quake and little else. NVIDIA's cards, at least starting with the Riva TNT, supported pretty much the entire OpenGL spec. That was when I got my first NVIDIA card.

      The hardware T&L was just the icing on the cake. It made possible to support games with a lot more complex geometry. But to a large degree the issues of 3dfx were related to hardware problems (no 2D graphics on the Voodoo 1/2, anemic performance on the Voodoo Rush, Banshee, external power brick on the Voodoo 5). The Voodoo 3 was probably the only half decent chip they had after post Voodoo 2 but it was too little too late and the Voodoo 4/5 took too long to come out and like I said the 5 needed an external power brick.

    15. Re:Good old short term investers by cheesybagel · · Score: 1

      Not that it matters much today. 3dfx was basically bought by NVIDIA. Most of the 3dfx engineers work there now.

  2. shame.. by Anonymous Coward · · Score: 0

    i used to really like their laptop hard drives

  3. Re:This is a /. story how? by drinkypoo · · Score: 4, Informative

    They make stuff relevant to slashdotters, and their future is therefore also relevant. How is your whining relevant?

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  4. Why nuclear? by manu0601 · · Score: 1

    Do we have an idea why they invested into nuclear? The technology is aging, and everyone bets on renewable now.

    1. Re:Why nuclear? by ColdWetDog · · Score: 3, Informative

      The Westinghouse AP-1000. A 'new', safe(r) plant that was supposed to be the savior of the nuclear power industry. Unfortunately, it's still to complicated and expensive for anybody to put together on any sort of economical basis. Toshiba holds a majority stake in Westinghouse.

      --
      Faster! Faster! Faster would be better!
    2. Re:Why nuclear? by Anonymous Coward · · Score: 3, Interesting

      Nuclear was making a big comeback till Fukushima happened.

      Renewable isn't all that great, though. It can't draw enough power. I bet nuclear makes another comeback, but probably not soon enough for Toshiba.

    3. Re:Why nuclear? by aaarrrgggh · · Score: 1

      Basically doubling down hoping to make it work at scale as a market leader. But, they paid too much for that title, and the growth of nuclear is not looking as likely. I forget if they are invested in the SMR market, but that will require even more capital.

    4. Re:Why nuclear? by manu0601 · · Score: 1

      Well, great or not, renewable is the current trend

    5. Re:Why nuclear? by drinkypoo · · Score: 1

      Renewable isn't all that great, though. It can't draw enough power.

      What does that even mean?

      I bet nuclear makes another comeback, but probably not soon enough for Toshiba.

      Keep your fingers crossed for the stellarator. Fission ain't making a comeback.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    6. Re:Why nuclear? by Anonymous Coward · · Score: 0

      It means that cost per kW isn't as good as nuclear. It's also sporadic...it's not always windy, it's not always sunny.

    7. Re:Why nuclear? by sjames · · Score: 1

      It's a shame too. One more generation of fission (the right design) could burn up much of our 'waste' and leave us all better off. For once, our energy production could reduce our pollution problem.

    8. Re:Why nuclear? by Anonymous Coward · · Score: 1

      "Complicated" as in the design is simpler and uses substantially less resources. From the AP1000 entry:

      A design objective was to be less expensive to build than other Generation III designs, by both using existing technology, and needing less equipment than competing designs that have three or four cooling loops. The design decreases the number of components, including pipes, wires, and valves. Standardization and type-licensing should also help reduce the time and cost of construction. Because of its simplified design compared to a Westinghouse generation II PWR, the AP1000 has:

              50% fewer safety-related valves
              35% fewer pumps
              80% less safety-related piping
              85% less control cable
              45% less seismic building volume

      The AP1000 design is considerably more compact in land usage than most existing PWRs, and uses under a fifth of the concrete and rebar reinforcing of older designs.

      Cost of nuclear is out of control in places like the US, but it is a problem with red tape, not technology.

    9. Re:Why nuclear? by UnknownSoldier · · Score: 1

      Gee, if only there was renewable power that will never deplete in our lifetime ...

      * Wave
      * Geothermal
      * Solar on the moon

    10. Re:Why nuclear? by Altrag · · Score: 1

      Trouble with all of those is scale. There are few places in the world where the tides are strong enough to generate cost-effective tidal energy. Same with geothermal.

      I don't know where you came up with solar on the moon. It doesn't face the sun any more than we do (the earth only sees one side of the moon, but the sun gets to see all of it -- there is no "dark side," and consequently there is no eternally sun-facing side either.)

      Even if there was though, I'm not sure the energy losses due to transmitting from the moon to the earth would be all that much less significant than the energy "losses" due to bad weather when you're comparing against earth-based solar. Not to mention the costs involved with building and more importantly, operating and maintaining on a long-term basis, a solar farm plus associated energy transfer tech a quarter of a million miles away.

      Not saying it couldn't possibly happen given enough time and technical development, but I don't see moon-based anything being a practical goal in the near- to mid- term.

    11. Re: Why nuclear? by Anonymous Coward · · Score: 0

      "Cost of nuclear is out of control in places like the US, but it is a problem with red tape, not technology."

      Really? I thought it had to do with the fact that Nuclear can have 40 good years and one bad day contaminates 100's sq km.

    12. Re: Why nuclear? by Anonymous Coward · · Score: 0

      Indeed, especially if you have run those nuclear plants 15 years beyond their original design spec, and do not allow you to build more plants to replace them.

    13. Re:Why nuclear? by dunkelfalke · · Score: 1

      Not really. Was a pretty cool guy, lived in the neighbouring town.

      --
      "It's such a fine line between stupid and clever" -- David St. Hubbins, Spinal Tap
    14. Re:Why nuclear? by Rei · · Score: 2

      Cost of nuclear is out of control everywhere. Ever checked out, say, the Olkiluoto Nuclear Plant? In what way is the many-billion-euro overrun / decade-late reactor due to "red tape"? The answer is "virtually nothing". And it's the same story everywhere.

      Beyond that, the last thing you want when dealing with nuclear is underregulation. Nuclear disasters aren't particularly deadly, but they're massively expensive. They're disasters in slow motion, like an advancing lava flow - you can run from it, but you can't ignore it. You think that billions of dollars to build a plant is expensive, check out the cost of cleaning up Fukushima. And that's hardly the worst case scenario. Imagine the cost of a Fukushima-scale disaster at, say, Indian Point. And please, no stupid "but there couldn't be a tsunami there" remarks, as if that is the only way in which a disaster can occur; unless you were out there saying "nuclear is safe except for in major tsunamis" before Fukushima, you have no grounds to consider yourself prophetic in what may or may not cause major disasters. The whole reason disasters happen at all is because people thought they couldn't - otherwise they would have taken the necessary steps to prevent them. Regulation of nuclear is rational. And IMHO in practice generally far too favorable to operators rather than the public.

      Nuclear would be great if it wasn't absurdly expensive. It is. And it's not some "red tape" / NIMBY boogieman that makes it so. It's suffered from a negative learning curve over the years - the more we've learned, the more expensive it's gotten, not less. It's like buying a house and then discovering that there's termites in the walls and the foundation is cracked - only on the scale of an entire industry. The industry's solution was to try to launch a new generation of reactors to try to get the costs down. This much hyped "nuclear renaissance" sounded great but rapidly descended into an even worse financial quagmire.

      To make it worse, nuclear is about the worst thing you can pair with the surge in now-super-cheap but still intermittent renewables. Nuclear's poor economics are already taking into account its high capacity factor. If you try to use it as peaking (which most plants aren't even capable of), you inherently greatly lower its capacity factor - and by doing that, you proportionally worsen its economics. If you go from a 90% capacity factor to a 30% one, it's as if your plant cost 3x as much to build. For peaking you use plants that are cheap to build but expensive to operate, not the other way around.

      Most existing nuclear power plants will continue to operate for a good while. But there's little prospect of new nuclear plants filling in a relevant portion of new generation demand. Even if the economic picture radically changes, there won't be a sudden reversal, because nuclear plants take so long to build. It's yet another flaw - you have to forecast the energy market where you are (not just the total demand, but the type of supply needed) a decade or more in advance. And if you're talking plants that wouldn't come online until 2-3 decades from now (a decade or two for trends to shift, plus another decade for construction), you could well be competing against fusion, so long as ITER and DEMO aren't cut (the trends in that seem to be moving in the right direction, with improvements in magnets meaning you can get the same level of confinement from a smaller, cheaper plant). When you're talking so far into the future, who knows? Who in the 80/early 90s would have predicted wind and solar would cost only $1/W today?

      For the foreseeable future, new demand will be predominantly filled by solar, wind and natural gas.

      --
      For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
    15. Re:Why nuclear? by Rei · · Score: 1

      It means that cost per kW isn't as good as nuclear.

      Nonsense. Capital (no subsidy) on wind and solar in the US is dirt cheap. The US average for solar, for example, is now under $1,50/W and still falling at a pretty good clip. Average capacity factors are in the ballpark of 30% for both. Tack on a $1/W peaking plant and you have baseload. Or more efficiently, hook up both wind and solar to HVDC with geographic distribution and you only need peaking for a relatively small fraction of your renewable nameplate, with the grid coming in at about 0.3 cents per kWh, aka far less than the cost of the generation hardware you don't have to build.

      New nuclear plants in the western world are averaging nearly $10W/W (just for construction, not counting operations or decommissioning - or freebies like government-provided catastrophic liability coverage), with an industry standard ~90% capacity factor. The cheapest western plant finished in modern times is Watts Bar (about $5,50/W), but most of that was done in the 70s and 80s when nuclear construction costs were cheaper (not just due to inflation, but also due to the industry's unfortunate "negative learning curve"). The modern completion of Unit 2 ended up nearly double its projected completion cost.

      If you're willing to throw caution to the wind you can build cheaper. China might ultimately have some come in at around $4/W, maybe even cheaper (although China can probably do wind and solar at around $1/W - India's latest solar plant came in at around that, and the location wasn't optimal). But I wouldn't trust the low-end of Chinese nuclear power plants any further than I could throw them.

      --
      For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
    16. Re:Why nuclear? by drinkypoo · · Score: 1

      It's a shame too. One more generation of fission (the right design) could burn up much of our 'waste' and leave us all better off. For once, our energy production could reduce our pollution problem.

      I have stated repeatedly (here and elsewhere) that the only kind of fission plant I would support would be a breeder that helped solve our waste problem. And if anyone were actually trying to build such a reactor, that would be great. There are a couple of problems with it, like transporting the waste to the reactor, or building the reactor small enough so that you can simply build it on an old fission site and burn up the waste lying around there in a pool of water, decommission it when you're done and still have it come out to be profitable, but in theory it's a great idea.

      In practice, nobody is going to build a new type of reactor in the USA, it's hard enough to get approval for the old ones and nobody wants to take a chance on a new design even though the old ones are known to be crap. So really we just have to accept that fission is dead, and go back to thinking about where to store all that waste. Can't we just stuff it into a subduction zone with a big tamper or something? The mantle is where that stuff came from anyway.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    17. Re:Why nuclear? by thegarbz · · Score: 1

      Do we have an idea why they invested into nuclear? The technology is aging, and everyone bets on renewable now.

      Very few people cared about renewables back when Toshiba started investing in nuclear. By the time people cared and by the time renewable became reasonably cheap Toshiba (Westinghouse) was basically the worlds biggest nuclear services company. Hence the continued investment by gobbling up a competitor recently.

    18. Re:Why nuclear? by cheesybagel · · Score: 1

      Of course. If you stop building something for 2-3 decades and only then you restart production, a lot of institutional knowledge is lost, production lines need to be restarted, and it will take longer than it used to. As for Olkiluoto its a basket case. The EPR was considered too complicated a design by many when it came out and to a large degree many of the issues are also due to different standards.

      Fukushima was irrelevant vs the rest of the costs of the tsunami. I wouldn't be surprised if the decision to shut down the nuclear reactors after the accident cost more than any of the supposed cleanup costs. Most of the costs that make reactors more expensive are indeed additional regulations and devices that didn't use to be required. Because its so hard to get a license to build one, the tendency is to make the reactors increasingly larger which also makes them more expensive per unit. The fuel enrichment process has got a lot cheaper though. With gas centrifuge technology its orders of magnitude cheaper and once SILEX becomes available it will become cheaper still.

      A nuclear power plant takes 5-6 years to build. A hydro power plant takes significantly longer to build and I've never seen anyone call them uneconomic unless they're greenie enviroidiots. I say idiots because its idiocy like yours that's led us to continue burning coal to this day, many people dead, instead of switching to cleaner energy sources.

      Fusion is a pipe dream and shouldn't even be considered into any actually usable roadmap.

    19. Re:Why nuclear? by cheesybagel · · Score: 1

      Let me guess, peak power (GW), instead of actually generated power (GWh). More lies again.

    20. Re:Why nuclear? by cheesybagel · · Score: 1

      Keep your fingers crossed for the stellarator. Fission ain't making a comeback.

      Bwahaha. Stellarators... Might as well hope for pink unicorn dust. Last I heard none of the actual nuclear fission reactors under construction around the world have been cancelled, even with all the hot air around Fukushima, China alone should have several more reactors come online next year.

    21. Re:Why nuclear? by cheesybagel · · Score: 1

      How about measuring Whrs instead of Ws? You know like actual generated power instead of peak power?

    22. Re:Why nuclear? by cheesybagel · · Score: 1

      You typically have to pay for the wind/solar, the backup peaking power plant generated power, and a subsidy to the peaking power plant (otherwise the cash from the generated power won't cover the costs of running the power plant) plus a wind/solar subsidy. Not to mention a more complex energy grid. So no it isn't cheaper.

    23. Re:Why nuclear? by Rei · · Score: 1

      Are you incapable of dividing a cost by a capacity factor?

      --
      For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
    24. Re:Why nuclear? by Rei · · Score: 1

      You typically have to pay for the wind/solar, the backup peaking power plant generated power, and a subsidy to the peaking power plant (otherwise the cash from the generated power won't cover the costs of running the power plant) plus a wind/solar subsidy. Not to mention a more complex energy grid.

      Forget a subsidy for the peaking plant - you can buy an entire peaking plant yourself covering the entire generation capacity of the renewable resource and it still comes out far cheaper. $1,50/W + $1/W = $2,50/W (plus the cost of the NG burned when peaking) for a total of 100% capacity factor. Versus say $9/W (plus the cost of operations and decommissioning) for nuclear with a 90% capacity factor.

      In practice, of course, you don't do that. You diversity wind + solar across broad geographic areas with high power transmission, utilizing storage where appropriate, uprating hydro where appropriate, etc - and the amount of fossil peaking that you need to ensure a high statistically guaranteed uptime ends up as just a small fraction of the renewable nameplate.

      --
      For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
    25. Re:Why nuclear? by manu0601 · · Score: 1

      TFA is about what gets actually deployed nowadays.

    26. Re: Why nuclear? by Anonymous Coward · · Score: 0

      Red tape certainly is a problem, in some cases, the regulation is justified, in others it somewhat misses the point.

      For example, the Vogtle and VC Summer projects to build AP1000 reactors in the US are well behind schedule. There are many reasons for this, but one is bureaucratic. The license conditions for both projects were retrospectively changed by the government after the design had been finalised, the construction schedule planned, contracts awarded and groundworks started. The license adjustments required major design changes, and construction was halted for a considerable period until an updated design could be developed, and a construction plan made.

      The main reason for delay on both these projects, however, is the same problem that has beset similar projects in Europe; lack of experience by suppliers leading to long delays for supply of components, or delivery of components which fail QA. For example, one part supplier had inadequate HR scrutiny, and had taken on a large number of staff with forged qualification certificates. When this was discovered, large numbers of parts had to be recalled, and recertified causing substantial delays.

    27. Re:Why nuclear? by Anonymous Coward · · Score: 0

      Ever checked out, say, the Olkiluoto Nuclear Plant [wikipedia.org]? In what way is the many-billion-euro overrun / decade-late reactor due to "red tape"? The answer is "virtually nothing".

      The biggest delay has actually been regulatory approval of the design, particularly the instrumentation and control system. One of the issues is that the OL3 plant uses a full digital control system with much of the core control handled by a combination of software and real-time control ASICs. The regulator was unfamiliar with the technology and rather than begin with a high level assessment (e.g. design concepts, system architecture, formal verification of code generators, review of operational experience - 77 plants worldwide had been equipped either completely or in part with the same hardware since 2000), gradually increasing in depth once each higher level concept was signed off, they delayed starting a full review until finalised source code/schematics/etc. could be supplied. This was a long time coming, but this was finally submitted in 2011. The regulator took 4 years to review the submission before approval to install was given. Delivery of the I&C system was made at the end of 2015, and commissioning started at the beginning of 2016.

    28. Re:Why nuclear? by cheesybagel · · Score: 1

      Because its bullshit. If I have a baseload power plant I don't need to run two power plants to generate the same power. You need a standing reserve and most likely pay additional money for that which isn't reflected in the capacity factor. I know this, I'm in a country which actually generates a substantial fraction of power using wind and we pay the natural gas power plants just for being there even if they don't generate anything.

    29. Re:Why nuclear? by cheesybagel · · Score: 1

      We also pay for wind power once its generated, nevermind if its used or even if there are transmission lines to take it to the final consumer...

    30. Re:Why nuclear? by Rei · · Score: 1

      .... the finalized source code / schematics / etc being highly delayed; that's not the regulators' fault. Beyond that: The concrete was poured wrong. The forgings were wrong and had to be recast. The containment structure was welded wrong and had to be redone. Pipes were welded wrong. One contractor was even running a protection racket for the Bulgarian mafia. A lot of the problems wouldn't have been a big issue for a conventional power plant, but even minor errors are not acceptable when you're dealing with the extreme level of toxicity and harsh conditions found within a nuclear core.

      --
      For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
    31. Re:Why nuclear? by Rei · · Score: 1

      See the reply below (when you break your responses into many comments like you're doing, you cause replies to get missed)

      --
      For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
    32. Re:Why nuclear? by cheesybagel · · Score: 1

      Yet in practice all the countries which use renewables have the most expensive electricity to the consumer in the whole world. Fancy that.

    33. Re:Why nuclear? by Rei · · Score: 1

      Yet in practice all the countries which use renewables have the most expensive electricity to the consumer in the whole world. Fancy that.

      Nonsense. The most expensive country for electricity in the world is Italy, which is only 5% wind and solar (I assume you're not counting hydro and geo), about the same as the US, which has cheap power by the standards of the first world. Or break it down by US state. The top states in the US by percentage of the state's wind power generation are in order: Iowa, South Dakota, Kansas, Oklahoma, and North Dakota. All states with dirt cheap power. Oklahoma in fact has the cheapest commercial electricity rates in the nation.

      --
      For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
    34. Re:Why nuclear? by cheesybagel · · Score: 1

      The two countries with the most expensive electricity in Europe are Denmark and Germany. Spain is also in the top 5. All big proponents of renewables:
      http://ec.europa.eu/eurostat/s...

      Italy doesn't use nuclear they burn natural gas and are also investing in renewables. I quote:
      https://en.wikipedia.org/wiki/...

      "Rapid growth in the deployment of solar, wind and bio energy in recent years lead to Italy producing over 40% of its electricity from renewable sources in 2014. ...
      The share of renewable energy in gross final energy consumption (all energy uses) had risen to 17.1% in 2014. ...
      Italy has implemented generous incentive schemes to encourage the development of renewable energy production. Its largest scheme incentivised solar PV production and lead Italy from a low base of installed PV in 2010 to become the world's fourth largest country by installations by the end of 2014, ahead of the USA at that time."

      Coincidence? I think not. Especially solar which has been a pure economical disaster everywhere its been implemented so far. As for natural gas it has large price fluctuations depending on where you are located and when it was purchased.

  5. Don't believe the hype by fermion · · Score: 0, Troll

    Nuclear has had 50 years to become profitable. It is not and will not be profitable except in countries who subsidize it as the only practcle option. There is. O nuclear renaissance because in most cases the risks do not outweigh the benefits. Same thing is true for coal now that natural gas is almost free.

    --
    "She's a scientist and a lesbian. She's not going to let it slide." Orphan Black
    1. Re:Don't believe the hype by Altrag · · Score: 3, Insightful

      Trouble is, nuclear effectively has to pay up front, in terms of higher regulatory and safety requirements, for potential damage that may or may not ever come to be (meltdown) while other forms of energy -- especially coal -- have historically had little or no limitations applied even though they're spewing environmentally and biologically damaging particulates for many, many decades (and that's just the burning -- the mines aren't exactly helping to clean up the planet either.)

      Its changing for coal of course nowadays, but they've certainly had a good run of it and other forms of power are still not having to pay for any impacts they may eventually have on the planet.

      We're only just beginning to recognize the impacts of wind power (primarily in the form of noise pollution,) and solar panels might be clean energy once manufactured but the manufacturing process has a non-zero impact and so forth. How much of that gets included in the price of a panel and how much is just left as an externality for whoever (or whatever) happens to live near the manufacturing plants?

      I'm assuming that even in aggregate, solar and wind are still far cleaner than coal but that doesn't mean that there aren't still hidden costs somewhere along the chain that nobody's paying for (yet) that are acting as an effective but unquantifiable subsidy that nuclear just doesn't get to enjoy. Overall, that just makes it significantly more challenging for nuclear to compete.

  6. This is what happens when you cook the books by Master5000 · · Score: 0

    They had an accounting scandal a year ago or something like this. Basically they reported they were making much more money than they actually were. Now it's catching up to them. So another one bites the dust? Let's make predictions!

    1. Re:This is what happens when you cook the books by turkeydance · · Score: 1

      predictions: suicide. it's the Japanese way.

  7. Accounting system by Anonymous Coward · · Score: 0

    Their accounting system is AKA "Tesco Superstore Accounting - Turbo Edition"

  8. Cost overruns by CanadianMacFan · · Score: 1

    Cost overruns at a nuclear reactor business! How blind do you have to be to not see that one coming? That's an industry in which the cost overruns get overruns. The only possible thing that could shock me when it comes to building a reactor is if it's done on time and on budget.

  9. Nuclear complements wind & solar very well by raymorris · · Score: 1, Funny

    > everyone bets on renewable now

    A shitload of competition is not a good thing for a company. Much smarter, most of the time, is to set yourself so that no matter who wins the race for whatever is hot, you win your own parallel race. Think of Levi Strauss selling rugged pants during the gold rush, and people getting rich selling shovels and picks, or brokering gold, buying it from the miners and selling it. They win no matter which miner strikes gold.

    Solar electricity is really great, except at night time and when the whole area is covered by clouds (check out the national weather radar - weather systems cover half the country for days). Solar electric can produce a lot more during the summer than during the winter, too. Wind power is really cool too. The power of wind is proportional to the CUBE of the velocity. In other words:
    1 MPH wind: 1kw (actually zero due to friction)
    10 MPH: 1000kw
    20 mph 8000kw
    30 mph 27000kw

    So that 27000kw wind installation will only produce 1000kw quite often. That's less than 4% of it's advertised capacity, and sometimes it'll produce no power at all.

    So what do you do when you have lots of cheap energy sometimes, and no energy at all other times, but your customers want a reliable electric service? The optimum setup has three parts. The wind and solar provide cheap, clean energy whenever conditions are right. Natural gas generators throttle up when the sun goes down, it's cloudy, or not very windy. Underneath that, you have a steady minimum load, and nuclear is a perfect fit for that. It's extremely reliable and steady, it can be quite cheap depending on the costs of red tape in that country. It's actually the cleanest reliable power available, despite the two accidents in history. (Other reliable power sources release radiation *on purpose*, during normal daily operation).

    So when everybody else is doing wind and solar, they'll all need nuclear or another source when the forecast calls for a cloudy week. It's a good bet on that score.

    Unfortunately for them, they bought a nuclear power company run by liars, who cooked the books. And Fukushima happened. Obviously that scared people, regulators and auditors got busy doing their job, then politicians did their thing with pandering to fear, adding duplicative regulations and such, and all of this was expensive for the power companies.

    1. Re:Nuclear complements wind & solar very well by ColdWetDog · · Score: 3, Interesting

      Or, you could just upgrade the transmission infrastructure like you need to anyway. That way when it's sunny in Las Vegas and cloudy in Seattle you can move those electrons around.

      It's also likely that storage technologies will improve enough to where nuclear really isn't needed. It's a useful technology and if we had handled it correctly, would probably account for baseload for a number of generations. But we screwed it up (we being pretty much the entire human race) and it is anything but clear that it will be viable in the next 20-40 years.

      --
      Faster! Faster! Faster would be better!
    2. Re: Nuclear complements wind & solar very well by Anonymous Coward · · Score: 0

      They win no matter which miner strikes gold.

      Nope. Dozens of them got screwed, hosed, and shot.

      Toshiba is yet another fool plowing money into crap. TVA did it. WPSS as well.

      It's been money siphons.

  10. Fixing things for Toshiba.. by lionchild · · Score: 1

    I wonder if Apple is still looking for companies they can pick up and diversify nicely, even in the US market?

    --
    Awk! Pieces of eight. Pieces of eight. Pieces of seven... ERROR: General Protection Fault. [Paroty Error.]
  11. My first radio was a Toshiba by Anonymous Coward · · Score: 2, Interesting

    Having "6 transistors" was a selling point back then, apparently, because I remember it well. It was a pocket radio, white and brown, with a big dial for the AM band and small one for the volume. Had an ear phone, which I used to talkbox way before Frampton. He must have seen me. It would be a sad day in Mudville if it went the way of the doodoo.

    1. Re:My first radio was a Toshiba by drinkypoo · · Score: 1

      Having "6 transistors" was a selling point back then, apparently, because I remember it well.

      The first transistor radio had only four transistors and the second had eight. The world then suddenly became flooded with transistor radios, after transistors became basically affordable but before they became cheap. That meant that there was enormous pressure to reduce transistor count, but those transistors actually did stuff, and taking them out made the radio do less stuff. Like, say, less amplification...

      It would be a sad day in Mudville if it went the way of the doodoo.

      Doodoo? That's really putting the mud in Mudville.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  12. Helps, but New York won't run LA's cars and trucks by raymorris · · Score: 2

    You can transmit power from LA to San Francisco, and that does help. Keep in mind the idea, for many people at least, is to switch to clean *energy*. Meaning getting rid of gasoline, diesel, heating oil, the tons of coal used in industrial furnaces, etc. You don't need to generate the same electricity as all of today's power plants, you need at least four to eight times as much electricity, if you want to get rid of diesel etc. It's an enormous amount of power.

    Our eyes sense brightness according to a power law. What looks "about half as bright" to our eyes is actually about 15% as bright, in terms of luminous power. A sunny day is about 120,000lux, a cloudy day about 1,000lux. Meaning when it's cloudy, the sun's power is reduced by over 99%. When the western half of the US is covered in clouds (and much of it was covered just last week), there's no way you're going to have enough solar power to provide our energy needs. We can't reasonably provide even our current *electricity* needs, and currently electricity is a small portion of our *power*.

    > It's also likely that storage technologies will improve enough

    People sure are trying, because storing even a few hours worth of power, to use afternon power to cook dinner, is very valuable. Yet, to store two days of power using pumped storage we'd have to flood 2/3rds of the United States. Barring a revolution in physics akin to nuclear power or something else as revolutionary as quantum physics, we're bot going to be able to store enough power to run California for a few days. It may happen 150 years from now, but no time soon.

  13. http://smugfashion.com by Anonymous Coward · · Score: 0

    awesome article
    http://smugfashion.com

  14. Two of those are great certain parts of California by raymorris · · Score: 1

    * Wave
    * Geothermal
    * Solar on the moon

    Two of those are great in certain parts of California and a few other places in the world. As to solar on the moon - Gru, is that you? California should use geothermal because they have the right geology for it in certain places, and they do use it. It's an excellent way to provide 0.02% of our energy needs.

    If you want to switch to clean *energy*, replacing all of the gasoline, diesel, heating oil, etc, with electricity generated in various ways, we need about 4-8 times as much electricity as we have now - and we have a lot. That's a major point that's important to understand, and some people intentionally conflate energy vs electricity in order to mislead their readers.

    The traditionally "green" sources of energy can make a large contribution - possibly as much as 20%. For the *bulk* of our energy needs (replacing gas, diesel, etc), there are basically two options - natural gas is cleaner than coal and gasoline, and some leading environmentalists are now (finally) promoting the fact that nuclear is by far the cleanest base load option. There have been two significant accidents in history which combined released less radiation than a month of burning coal. The elder statesmen of the environmental movement are starting to admit that they manufactured a political problem around nuclear waste by deliberately conflating long-halflife waste (which releaes energy extremely slowly, thereby releasing negligible amounts for a long time) with short-halflife waste like iodine-131, which decays quickly, releasing dangerous levels of radiation for severall weeks. They also intentionally conflated alpha, beta and gamma radiation. Most of the strong radiation is alpha particles, which are blocked by tissue paper, an inch of air, or skin. Alpha emitters, which much nuclear waste is, are perfectly safe as long as you don't eat them (safer than bleach). Many alpha emitters also emit some beta. It takes several meters of air (or a thousand of an inch of steel) to stop beta radiation. I carry a radioactive beta emitter on my belt, not too far from my crotch, as do most police officers. My pants shield me from most of the radiation. Again, like with household cleaning products, it's not a good idea to eat it.

  15. That's a pity by hcs_$reboot · · Score: 1

    Toshiba has always invested a lot in research, and their products were really good. Too bad that happens to them.

    --
    Slashdot, fix the reply notifications... You won't get away with it...
  16. Re:Helps, but New York won't run LA's cars and tru by haruchai · · Score: 1

    When the western half of the US is covered in clouds (and much of it was covered just last week), there's no way you're going to have enough solar power

    A mix of generation will likely always be needed; even France doesn't run on 100% nuclear and a certain amount of overbuilding will be needed but the penetration of renewables at this time is low enough that's not a concern - yet.
    But for a place like Denmark, wind power alone can sometimes supply more electricity than the country's *entire* demand and most be exported or curtailed.

    --
    Pain is merely failure leaving the body
  17. Peak 15% of Denmark's energy from wind, 48% coal by raymorris · · Score: 3, Informative

    > But for a place like Denmark, wind power alone can sometimes supply more electricity than the country's *entire* demand

    Denmark imports trash to burn in order to heat houses. At it's peak, on a day with perfect winds, their renewables can provide the ELECTRICITY for a few hours, while they are burning coal and trash for heat, diesel and gasoline for transportation. Normally, wind provides about 5% of their energy, due to a nasty problem called the cube law (more on that later).

    Even if you ignore the trash burning heating plants and focus only on electricy, coal power provides 48.0% of Denmark's *electricity*.

    Wind is really awesome in some ways, seriously. It's great when the wind is great, but the cube law is a motherfucker. The power of wind is proportional the velocity CUBED. Suppose a windmill is designed to work in winds up to 40 MPH wind. 40^3 is 64,000, so the structure is absorbing 64,000 units of power without damage. When the wind is 10 MPH, the power is 1,000; 99% less. In a structure designed for 64,000 power, 1% of the energy will be lost in big beefy bearings, etc. At 10 MPH, 1% is most of the power available - a 10 MPH wind barely overcomes friction and there's no substantial power generated. The cube law is a bitch, but it's fundamental physics.

    That's not to say wind power shouldn't be used! It's great when the wind is right and you can throttle down the natural gas power plants.

  18. Re:Helps, but New York won't run LA's cars and tru by hairyfeet · · Score: 1

    Why not use molten salt for power storage? I remember that was being seriously looked into for storing wind and wave energy, you heat it with some of your excess when you are cranking out the power and then use the salt to power a generator at night or during cloudy conditions.

    Its cheap, no risk of it going ka boom, you can store it underground which should keep the NIMBYs happy and its not like you are gonna "wear out" the salt no matter how you use it. There are even solar power towers already up and running using molten salt so we know that it works, sounds like a winner to me.

    --
    ACs don't waste your time replying, your posts are never seen by me.
  19. "No matter what guarantee" by D,Petkow · · Score: 1

    Hm does that mean that the "no matter what guarantee" by Toshiba won't cover this

  20. Molten salt for six hours, but not with solar pane by raymorris · · Score: 2

    > Why not use molten salt for power storage?

    It IS used. Solana, a major solar plant, uses molten salt. It provides up to six hours of storage (though some energy is lost during that time) and helps the plant to generate about 38 percent of its rated capacity each year. As I said, the storage we have today (and will likely have in the next 50 years) is great for using afternoon power to cook dinner in the evening, a few hours later. That's really important. It could double the amount of solar we can use, up to 2% pf our energy from the current 1%.

    Note that molten salt is used by concentrating solar power plants, NOT systems using solar-electric panels. Molten salt is for when you can create very high temperatures very efficiently. Wave power doesn't fit that description either, of course.

    As mentioned, molten salt allows a plant to provide *some* of an area's *electricity* needs for a few hours. We need to provide *all* of California's *energy* needs for several days. Sometimes it's cloudy for a week. A cloudy day is about 1,000 lux, a sunny day 115,000 lux. In other words, on cloudy days your concentrated solar power plant isn't producing any significant power. Yet people will continue to drive when it's cloudy for a week, so if you want to replace diesel trucks with electric, solar isn't going to do the job - a few hours of molten salt doesn't nearly get you there.

  21. Re:Peak 15% of Denmark's energy from wind, 48% coa by Carewolf · · Score: 1

    Denmark gets 40% of the electricy from wind. Note that a lot of the Danish coal powered electricy gets exported to Sweden who claims to run 100% on renewable and nuclear, but have to import coal-power during peak hours and during entire seasons if the hydro dams are not fully "charged" with water.

  22. They made a bad bet by calexontheroad66 · · Score: 1

    Or someone on the director's board was conned into buying a turd.
    Nuclear power plant designs are a course into maximizing complexity with more active security systems.
    Water cooled reactors with solid fuel bars are a bad design, even its inventor thought it was a bad idea in the long term.
    The fuels rods don't burn all fissile material, they get less dense as gaz byproducts accumulate and leave out a lot "waste" materials that could be turn into energy.
    The water cooling has to be kept at all times, failure in cooling generates a meltdown, exposure of the fuel rods to water will generate hidrogen.
    This design is a testament to the power that certification processes have to impede new designs, of course there hasn't been serious money and political power into getting new safer designs out of paper.
    There is an attempt to get fast breeders, but these have proven to be bigger disasters in the making by using reactive metals, like sodium, as coolant.
    The nuclear industry has painted itself into a corner.

  23. Re:Two of those are great certain parts of Califor by Rei · · Score: 1

    This is incorrect.

    1) You don't need baseload with intermittent renewables, you need peaking or storage. Nuclear makes for terrible peaking. It's literally the worst non-intermittent option available. Natural gas is the best.

    2) With peaking and/or storage and/or a HVDC grid, intermittent renewables can make up the lion's share of the grid. The exact level of penetration depends on the details of the options chosen, but can in some cases even approach 100%. With current tech and current prices, penetrations of ~70-80% are reasonable - and very low carbon.

    3) Renewables + peaking is already cheap. Renewables + storage is looking to be heading in that direction.

    4) The problem with nuclear is the cost, not the waste. Nuclear plants are absurdly expensive per watt, even ignoring that they get their catastrophic liability coverage provided for free by the federal government.

    5) Alpha radiation in free space is harmless, but alpha emitters are exceedingly dangerous. Ingested/inhaled alpha emitters are an order of magnitude more destructive to tissue than neutron, beta and gamma emitters. The fact that they can be inhaled or ingested if leaked into the environment (airborne dust, soil contamination, groundwater contamination) is precisely the reason that you have to contain them. Aka like the reason they've had to spend a fortune cleaning up Hanford Site (estimated ~115B remaining). Without proper containment and disposal procedures, every site would be a Hanford Site.

    --
    For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
  24. Re:Helps, but New York won't run LA's cars and tru by Rei · · Score: 1

    Tell it to Nature that it doesn't work. In the above paper (you can download it on SciHub if you don't have access) they model the creation of an optimal HVDC grid and cross-country solar, wind, and NG peaking plants (as well as one scenario with coal) and end up with reliable, low carbon power at lower costs than current grid rates - with no use of storage and no assumption of improved technologies.

    Wind and solar tend to run counter to each other. Wind is strongest at night; solar only generates during the day. Wind is associated with low pressure zones; clear skies with high pressure zones. And while one system is moving off the US east coast, another one (or more) is moving in from the west. A HVDC grid also timeshifts loads - aka, the sun is still shining out west after sundown in the east, and so forth. It also spreads out peaking capabilities across the country. The grid costs about 0.3 cents per kWh to build/maintain but saves about 1.1 cents per kWh in generation hardware costs.

    By adding in storage or allowing for tech improvements, the figures only get better. Indeed, the figures they use for solar pricing are already pessimistic. And they make no use of uprating existing hydro for storage (very cheap). Or no pumped hydro storage, which is already cheap in certain areas. No use of battery storage, which although marginal currently due to cost is expected to become vastly cheaper over the next decade. Etc.

    New nuclear plants, with their high price tags, have no place. It's nearly an order of magnitude more expensive than renewables per kWh generated, and it sucks for use as peaking (even if you use a plant which can ramp quickly - most can't - you fundamentally (by the nature of peaking) would cut the capacity factor severalfold, which directly corresponds to a severalfold increase in construction / operating / decommissioning costs per kWh generated.

    --
    For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
  25. Re:Peak 15% of Denmark's energy from wind, 48% coa by Rei · · Score: 1

    You're confused; you seem to think that wind turbines are designed to bear and generate from the maximum force winds that they experience. They don't. At high wind speeds they're feathered and/or braked. The nameplate capacity is met at about 25mph for a typical turbine. At very high speeds (for example, over 55mph) they outright shut off and don't generate anything, but between that range they generate at their nameplate capacity. At under the base speed (for example, below 25mph) they produce less - but not according to a cubic curve, but slightly steeper than that, as there's a base-level constant drag, which keeps them from turning at very low windspeeds. It's also important to realize that wind turbines experience wind at altitude, not surface winds; they're higher and steadier.

    Average capacity factor for wind in the US is over 30% every year. You really do get a large chunk of the nameplate in terms of actual generation.

    --
    For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
  26. Re:Helps, but New York won't run LA's cars and tru by Anonymous Coward · · Score: 0

    New nuclear plants, with their high price tags, have no place.

    That's like breaking someone's legs and then saying it's their fault that they can't walk. If renewables endured what the nuclear industry has for the past several decades too, then they would be much more expensive too.

  27. Re:Helps, but New York won't run LA's cars and tru by Rei · · Score: 1

    "Endured" getting their catastrophic liability insurance provided to them for free by the federal government? What private company would insure against cleanups that can run into the hundreds of billions of dollars? Let alone with affordable premiums?

    Nuclear has always had far more support on K Street than Wall Street. The cost overruns that have happened to the recent generation of nuclear plants have been overwhelmingly fabrication related, with the next highest portion of overruns being to address since-discovered safety issues.

    --
    For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
  28. If it ain't helping you to float then throw it by pjv936 · · Score: 1

    overboard. Sell what you can sell. And burn what ever is burning cash that you can't sell.

  29. That's yet another problem with wind that I didn't by raymorris · · Score: 1

    > You're confused; you seem to think that wind turbines are designed to bear and generate from the maximum force winds that they experience. They don't. At high wind speeds they're feathered and/or braked. ... At very high speeds (for example, over 55mph) they outright shut off and don't generate anything,

    I'm well aware that they also don't work at high wind speeds, that's yet another problem with wind turbines that I didn't want get into; my post was already long enough.

    Completely off-topic, I notice that you made good use of the semicolon there. People don't use that enough. :)

  30. Cheap! by p51d007 · · Score: 1

    I've been in the photocopier business for over 35 years. In the last 25, I've mainly been associated with Toshiba, Konica/Minolta, Samsung. In the past 10 years, the Toshiba machines have become CHEAPER. Less metal, more plastic. On a machine with a lot of moving parts, when you take away strength in the frame, things start to shift around. Plastic just doesn't hold together well. Yeah, a lot of the machines have less metal, but, when you pick up a Toshiba, then pick up a Konica/Minolta or Samsung, of similar spec, you KNOW which one is the Toshiba.

  31. Re:This is a /. story how? by Anonymous Coward · · Score: 0

    I stopped caring about Toshiba when they declared that installing Linux on a laptop invalidated its warranty.

  32. Re:That's yet another problem with wind that I did by Rei · · Score: 1

    Thanks :)

    My point however was that you give the wrong impression. You painted a picture of a steady cubic curve, when in reality it's a cubic curve only at low to moderate speeds, followed by a long plateau at moderate to high speeds, followed by a sudden dropoff to zero. You made it sound like turbines would yield a tiny capacity factor, when in reality they average over 30% of nameplate. I wanted to make sure people had the right impression. :)

    --
    For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
  33. let's make cake! by Anonymous Coward · · Score: 0

    Dunno. In my mind Toshiba used to be "house hold" gear, like waterpump and fans and even robots?
    It would be sad to lose such a well-known brand.
    however i was a bit perplexed when they entered/bought into the nuclear business.
    japan is (was?) very pro-nuclear. since japanese are a very tight-knot people they
    have something like a 3-years plan a-kind to what the Udssr had: the central government
    would dictate goals and industry would follow.
    nuclear was (is) a big ambition for the japanese government. it is unknown if this
    is genuine fascination with the technology or if "Mc big brother" is keeping
    the interest propped up.
    following "wishes" of the central government would always give an inside track.
    doing the nuclear "wish"would surely be looked upon favorably by the government if the company
    invested should get into hot water in some other areas? a reason to keep being invested then?

    anyways, nuclear sucks but like technology development, manufacturing isn't a pet project.
    if there's no requirement for a certain manufacturing process it isn't just "invented for fun".
    in Europe they call it CERN, which doesn't cure cancer or provides unlimited energy but
    it is a driver for new manufacturing processes.
    in the USA it probably is called NASA. same, it doesn't cure cancer or make unlimited
    energy but it drives new technology AND HOW TO MAKE THEM.
    For nuclear, massively sized and wickedly strong metal parts are required and
    without a use, as in a reactor pressure vessel, this manufacturing process would be
    "lost" because it isn't required anywhere else?
    so, it think, companies that haven't been on the forefront of the nuclear technology birth but have
    "bought in" later should find another use for the manufacturing processes that are required to
    produce a nuclear reactor .. if they don't want to become a "lost brand"?

    in the end, nuclear is: (world-)government, geo-politics, military, under the table dealings (-aka- non-proliferation),
    information management (-aka- "nuclear is safe propaganda) and a lot of "special" knowledge but is it worth all this?

  34. Sell a portion of the nuclear by Anonymous Coward · · Score: 0

    Simply sell a portion of the nuclear business to raise cash. It is the problem, make it the solution.

    1. Re:Sell a portion of the nuclear by cheesybagel · · Score: 1

      I can only see Chinese or Middle Eastern investors interested at the moment and it would be sold way below its value....

  35. Re:Helps, but New York won't run LA's cars and tru by Anonymous Coward · · Score: 0

    Enduring a rarefied research environment -- what little research is canceled after it makes promising advancements, and then the findings go on a shelf in a storage closet to rot while the researches retire and die. It's like making a prototype transistor, but then being told the project is canceled and to throw away your work. It's like landing a man on the moon, and then losing the film.

    Enduring a pervasive regulatory structure designed around 1960's technology, essentially preventing all improvements except small refinements of the status quo from coming to market. Imagine if computers were exactingly regulated based on vacuum tube technology, where deviations towards using transistors and integrated circuits was surrounded with so much red tape and corresponding FUD that they were never developed. Do you think today we'd have smartphones that fit in our pocket?

    That the government subsidizes the electric bill of these voracious room-sized beasts is the least they can do after preventing the development of their modern replacement.

  36. I can't stop imagining solar as fields of eyeballs by Tenebrousedge · · Score: 1

    Our eyes sense brightness according to a power law. What looks "about half as bright" to our eyes is actually about 15% as bright, in terms of luminous power. A sunny day is about 120,000lux, a cloudy day about 1,000lux. Meaning when it's cloudy, the sun's power is reduced by over 99%

    So whether or not you meant to do so, this does illustrate what a catastrophically bad unit of measure the candela is. A fundamental unit that is weighted by a model of human vision is, well, not terribly fundamental, wouldn't you say? But I am sure you're not meaning to say that solar panels have the exact absorption characteristics as human eyes do. Maybe you would like to rethink your conclusions there slightly.

    --
    Those who advocate genocide deserve every protection afforded by law, and none afforded by common human decency.
  37. Re:Two of those are great certain parts of Califor by cheesybagel · · Score: 1

    It's literally the worst non-intermittent option available. Natural gas is the best.

    No it isn't. The best is pumped storage hydro. Over 90% efficient. A natural gas fired power plant which is run in a peaking scenario, with constant spooling up and down, won't be able to take advantage of combined cycle operation so it could be like 34% efficient. While if it was run at a constant level, i.e. in baseload mode, using combined cycle the same natural gas power plant would be like 50-60% efficient. So the idea that you can 'save natural gas' by using variable load wind, is uh, disingenuous to say the least.

    penetrations of ~70-80% are reasonable

    Only in an ideal scenario in a country which has a lot of hydropower capacity, with pumped storage, and a good wind or solar resource.

    Nuclear plants are absurdly expensive per watt

    No, it's about as expensive as coal, which is the cheapest form of power generation, unless the coal power plant is very close to the coal mines, like in the same state, in which case the coal will be cheaper.

  38. Re:Two of those are great certain parts of Califor by Rei · · Score: 1

    Except that pumped hydro can't be built anywhere affordably - only in specific locations. A NG peaker is a general purpose solution. If we're going to consider "location limited" options, then even better than pumped hydro is simply uprating existing large hydro turbine houses. Very cheap versus how much peaking capacity it gives you.

    A natural gas fired power plant which is run in a peaking scenario, with constant spooling up and down, won't be able to take advantage of combined cycle operation so it could be like 34% efficient. While if it was run at a constant level, i.e. in baseload mode, using combined cycle the same natural gas power plant would be like 50-60% efficient. So the idea that you can 'save natural gas' by using variable load wind, is uh, disingenuous to say the least.

    While I don't care to look up the numbers yet again, the last time I was in such a debate I did; in the real world, in Californa, NG peakers get about 80% the average efficiency of a NG baseload plant. So if the peaker is run less than 80% of the time of a baseload plant, it saves gas. If it's only running 80% as much as a baseload plant it's not a peaker, it's a load follower at the worst; peakers run at very low capacity factors. So your comment pretending that you don't save gas with renewables and NG peaking is - to quote you - "disingenuous to say the least".

    Or don't take my word for it; read the Nature study, which covers the CO2 emissions on a renewables + NG grid.

    Only in an ideal scenario in a country which has a lot of hydropower capacity, with pumped storage, and a good wind or solar resource.

    You know, the study was linked right in the post you're replying to. It wouldn't kill you to read it before asserting that a study in the world's most prestigious scientific journal is wrong.

    No, it's about as expensive as coal, which is the cheapest form of power generation, unless the coal power plant is very close to the coal mines, like in the same state, in which case the coal will be cheaper.

    Pure nonsense. Coal plants are in the rough ballpark of $1/W, give or take depending on the design. Nuclear plants in the western world average nearly $10/W nowadays.

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    For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
  39. They do match closely, wouldn't matter if not by raymorris · · Score: 1

    You quoted it, did you not read it? "Our eyes sense brightness according to a power law. What looks 'about half as bright' to our eyes ... the sun's power is reduced by over 99%".

    The point is that although it appears, to your eye, to maybe half as much energy, or maybe 70% less, it's actually 99% less. So yes, lux, the intensity of light visible to the eye (not ultraviolet or infrared) is the right unit of measure.

    > I am sure you're not meaning to say that solar panels have the exact absorption characteristics as human eyes do.

    Not that it matters to the point, but in fact they are pretty darn close. It wouldn't matter, though, so long as the wavelength wasn't so far different that it was unaffected by clouds.

  40. Re:Helps, but New York won't run LA's cars and tru by Rei · · Score: 1

    Oh, I'm sorry that after spending hundreds of billions of federal dollars on nuclear research over the past century that every last project under the sun doesn't get multi-billion-dollar prototype plants built at government expense. That poor mistreated industry.

    They are not "structure designed around 1960's technology, essentially preventing all improvements except small refinements of the status quo", they're on generation 3, working on generation 4 reactors. It's purely financial factors that are keeping nuclear from being jumped at by investors. Whether you like it or not, nuclear power is damned expensive. You have a core of amazingly toxic materials, operating at high temperatures and pressures, creating literally every corrosive element known to man in every isotopic form, while heavily bombarding and weakening everything around it with an intense neutron flux, in a form that will stay hot for a good period of time even when you shut down all fission due to daughter products. Nuclear is very difficult to do right, and this equals expense and liability. Lots and lots of expense plus lots and lots of liabiltiy (even though the government lets them cheat on the worst of the latter).

    Again, look at actual cost overruns in actual plants. They're not due to some sort of regulatory bullshit, they're due to people trying and failing to build very large, complicated, precision-demanding things correctly and on time.

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    For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
  41. future's so bright, I have to wear p-n junctions by Tenebrousedge · · Score: 1

    No, you're confusing youself. The lux measurement is the perceptual one, you know, the one that ignores wavelengths that humans can't see, and weights the wavelengths that we can see with peaks at the idealized human visual response. The actual radiant intensity at any given moment is going to be much greater. Measuring light levels in lux is completely useless unless you're a lighting director. It is a statement about human eyeballs, and should not be used when talking about things that are not human eyeballs.

    Not that it matters to the point, but in fact they are pretty darn close

    As it turns out, human visual response looks nothing likethe response of solar panels. Do note that, consistent with our other conclusions, the absorbed spectrum and peak are wider and differently located respectively. As far as I am aware, there isn't really a reason why we would expect people to try to build a solar cell that is less efficient than the human eye, especially since, as you say, clouds happen.

    This was an easy mistake to make. Easy to the point where it's a little suspect why you're repeating it. The appropriate units would be watts per square meter, which is standard across the solar energy industry. I hope you are not using one cherry-picked (wrong) factoid as the basis for your anti-solar-energy stance. For anyone interested in some actual numbers, this calculator given an equation and computes the effective solar insolation (in W/m^2) for a given lat/long/percent cloud cover. Here's a calculator from NASA with many more parameters.

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    Those who advocate genocide deserve every protection afforded by law, and none afforded by common human decency.
  42. Re:Two of those are great certain parts of Califor by cheesybagel · · Score: 1

    While I don't care to look up the numbers yet again, the last time I was in such a debate I did; in the real world, in Californa, NG peakers get about 80% the average efficiency of a NG baseload plant. So if the peaker is run less than 80% of the time of a baseload plant, it saves gas. If it's only running 80% as much as a baseload plant it's not a peaker, it's a load follower at the worst; peakers run at very low capacity factors. So your comment pretending that you don't save gas with renewables and NG peaking is - to quote you - "disingenuous to say the least".

    I just told you the numbers for modern generator efficiency. In the particular case of California I wouldn't be surprised if a lot of the natural gas power plants are old designs which don't use the combined cycle which would make the efficiency numbers seem better than they would be with modern tech. So basically its a choice between doing low capital expenditures upfront in windmills to have higher electricity costs in the long run (more waste natural gas and more maintenance costs) or upgrading the power plants to combined cycle tech.

    You know, the study was linked right in the post you're replying to. It wouldn't kill you to read it before asserting that a study in the world's most prestigious scientific journal is wrong.

    It's behind a paywall and I won't use resources from the research lab I work at to read it either. Try to use open access sources. Might as well not exist.

    Pure nonsense. Coal plants are in the rough ballpark of $1/W, give or take depending on the design. Nuclear plants in the western world average nearly $10/W nowadays.

    I said it before use Whr or don't bother. Use energy metrics not power metrics. I might as well use some other pointless metric like MWt and magically the numbers for nuclear and coal would double...

  43. Re:Two of those are great certain parts of Califor by Rei · · Score: 1

    I just told you the numbers for modern generator efficiency.

    And I just told you the average difference in the real world. I don't give a rat's arse what the maximum theoretical efficiency of the latest top of the line pricey combined cycle NG baseload plant gets verses the crappiest old NG peaking plant you want to cite; I looked up what the actual running averages they're getting in California, and the peakers were running at about 80% the efficiency of the baseload plants.

    It's behind a paywall

    Then use SciHub, or just take my word for what it says. I'll sum up: using only solar, wind, NG peaking, and a HVDC grid - current technology, no storage - power is produced with guaranteed reliability at rates similar to today's but with vastly lower carbon.

    I said it before use Whr or don't bother.

    Please tell me that you're not so stupid as to be unable to divide $/Wh by capacity factor.

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    For the love of Crom, am I the only one here who wants to keep the U.S. technologically competitive?
  44. Re:Peak 15% of Denmark's energy from wind, 48% coa by haruchai · · Score: 1

    Average capacity factor for wind in the US is over 30% every year [eia.gov]

    A substantial amount of progress in improving wind turbine capacity factors has been made in recent years.

    Wikipedia charts on wind turbines shows 2.5GW nameplate in 2000 with 5.6 GWhs generated or a capacity factor of 25.6%
    In 2010, there was a total of 40GW generating 94,650 GWh, a capacity factor of 27%, so not much average improvement
    But if you remove all those turbines & their generation from succeeding years, what do you get?
    For 2013, that would be 20 GW generating 71,500 GWh or 41% capacity factor
    For 2014, that would be 26 GW generating 87000 GWh or 38% capacity factor
    These numbers are approximate and would be affected by when during the year a wind farm comes online and when its power generation starts getting counted but I think a solid case can be made for upgrading or replacing any tower that's 10 or more years old.
    If the 3 infamous farms in California are still using any of those old turbines from the 1980s, that's a inefficient, shameful display of outdated tech

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    Pain is merely failure leaving the body
  45. Re:Peak 15% of Denmark's energy from wind, 48% coa by haruchai · · Score: 1

    Wikipedia charts on wind turbines shows 2.5GW nameplate in 2000 with 5.6 GWhs generated or a capacity factor of 25.6%

    That should be 5,600 GWh, not 5.6. See charts under National Trends at https://en.wikipedia.org/wiki/...

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    Pain is merely failure leaving the body