Bill Gates Promises Congress $1 Billion To Build Nuclear Reactors For Fighting Climate Change (sfgate.com)
An anonymous reader quotes the Washington Post:
Bill Gates thinks he has a key part of the answer for combating climate change: a return to nuclear power... Gates, who founded TerraPower in 2006, is telling lawmakers that he personally would invest $1 billion and raise $1 billion more in private capital to go along with federal funds for a pilot of his company's never-before-used technology, according to congressional staffers. "Nuclear is ideal for dealing with climate change, because it is the only carbon-free, scalable energy source that's available 24 hours a day," Gates said in his year-end public letter. "The problems with today's reactors, such as the risk of accidents, can be solved through innovation."
Gates's latest push comes at an important turn in climate politics. Nuclear power has united both unpopular industry executives and a growing number of people -- including some prominent Democrats -- alarmed about climate change. But many nuclear experts say that Gates's company is pursuing a flawed technology and that any new nuclear design is likely to come at a prohibitive economic cost and take decades to perfect, market and construct in any significant numbers... Edwin Lyman, a nuclear expert at the Union of Concerned Scientists, said TerraPower is one of many companies that is raising the public's hopes for advanced nuclear reactor designs even though they're still on the drawing boards and will remain unable to combat climate change for many years.
Jonah Goldman, of Gates Ventures, stressed to The Post that Gates was not advocating for TerraPower alone, according to GeekWire.
"Gates thinks the U.S. has 'the best minds, the best lab systems and entrepreneurs willing to take risk,' Goldman told the newspaper. 'But what we don't have is a commitment on Congress' part.'"
Gates's latest push comes at an important turn in climate politics. Nuclear power has united both unpopular industry executives and a growing number of people -- including some prominent Democrats -- alarmed about climate change. But many nuclear experts say that Gates's company is pursuing a flawed technology and that any new nuclear design is likely to come at a prohibitive economic cost and take decades to perfect, market and construct in any significant numbers... Edwin Lyman, a nuclear expert at the Union of Concerned Scientists, said TerraPower is one of many companies that is raising the public's hopes for advanced nuclear reactor designs even though they're still on the drawing boards and will remain unable to combat climate change for many years.
Jonah Goldman, of Gates Ventures, stressed to The Post that Gates was not advocating for TerraPower alone, according to GeekWire.
"Gates thinks the U.S. has 'the best minds, the best lab systems and entrepreneurs willing to take risk,' Goldman told the newspaper. 'But what we don't have is a commitment on Congress' part.'"
"Nuclear is ideal for dealing with climate change, because it is the only carbon-free, scalable energy source that's available 24 hours a day,"
Geothermal would also meet this criteria.
There is already existing nuclear technology that is relatively cheap per kWh generated.
This is true in theory. In practice, there are always massive cost overruns.
Feel free to list all the excuses, and the reasons the overruns won't happen next time.
It seems to me that human management is not reliable enough to assure that there won't be disastrous consequences with nuclear plants.
And... Is Bill Gates working to make more money? We could all send him a dollar.
There are plenty of reasons to wait, and no good reason to be in a rush.
Well I have it on good authority from a congresswoman that we only have 12 years to save the world. I may have heard something similar before though.
Asteroids you say! Let me tell you about asteroids.... blah blah blah blah blah blah... asteroids... blah blah blah blah.
No. It isn't him or the greens. Large projects are strongly associated with mismanagement and corruption. That is the major reason that there are cost overruns.
Solar and wind do not have these issues, at least not nearly to the same degree. They aren't nearly as risky an investment, which is why growth has been so strong.
Nuclear plants have an average capacity factor of of 0.90. That is, after you take into account downtime due to maintenance, refueling, testing, etc, a 1 GW plant will over a year produce an average of 900 MW.
PV solar has an average capacity factor of 0.145 in the U.S. for fixed installations. That is, after you account for night, weather, movement of the sun, dirt accumulating on the panels, maintenance, etc, 1000 Watts of PV panels will over a year produce an average of 145 Watts.
So
Nuclear is the safest power source man has ever invented. Even with the disasters at Chernobyl and Fukushima, it has killed fewer people per TWh generated than any other power source.
What's going on is that people are really bad at appraising big but rare risks. Their mind focuses on the magnitude of the risk, exaggerating the larger risks. Simultaneously, their mind glosses over the lower frequency of the risk. Consequently, big, rare events like nuclear disasters get overemphasized in people's minds, while small, common events like maintenance workers falling from wind turbines get overlooked.
It's the same reason plane crashes are splashed over all the TV news, while car crashes rare make the news, even though going to a destination by car is 1-2 orders of magnitude more dangerous than going by plane. The magnitude of the carnage from a plane crash is greater and overwhelms our minds, while the much lower frequency of plane crashes is overlooked. Or on the flip side, it's why people spend money on lottery tickets even though on average they'll lose money. The magnitude of the payoff if you win overwhelms our mind, to where we completely ignore the infinitesimal odds of winning.
Think of this as a rich man's version of ITER. The state pays for it, then MAYBE you will get a usable generator in two generations. Except he gets to keep the patents to himself while the state pays for most of the bill.
This is the rich man's version of the stone soup folk story.
Also, it is very likely that over the next few decades we will find alternative uses for many of the isotopes in the fuel rods, so we will no longer consider them "waste" at all.
Strange that we did not discover any use during the previous 70 decades, or is it 80 already?
Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
As long as that storage is hydrogen - which is the lowest cost mass-storage means, and can also be quickly and easily used for transportation needs, too...
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Strange that we did not discover any use during the previous 70 decades, or is it 80 already?
Damn, I had no CLUE that we had nukes back in the middle ages!
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
Back in the mid 2000s, Jerry Pournelle was saying that we should have spent the Iraq War money on nuclear power instead. The first year cost something like $100 billion. We could have spent the first 20 billion (or whatever) of that developing a better nuclear power plant and refining the design to the point where subsequent plants would cost $1 billion each.
The financial hit to Saddam's oil revenue would have done about the same damage to him as the war did, and we' have somewhere between 50 and 80 brand new, state of the art, top of the line nuclear plants generating cheap power until 2050.
Personally, I prefer government small and would rather private industry tackle a project like this. But since we seem to be committed to tossing a few trillion dollars into the bonfire every year with no end in sight, why not push for something like this and at least have a chance to get something useful out of the deal?
See that "Preview" button?
Why’d you have to bring race into it? Or would we somehow be better off it Gates was a dumb old black guy?
If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
In case anyone was wondering.
Had to skim almost the whole article to find out this simple little bit of info.
Gates wants to build a Uranium based "traveling wave" style reactor using molten sodium for cooling. The technology is problematic, hasn't ever been tested on large scale. Requires metal alloys that are still being developed and still uses a rare, expensive and inherently dangerous fuel.Some experts say the tech is potentially decades away from being viable.
Disclaimer: I am an advocate of LFTR (Liquid Floride Thorium Reactor) based energy generation. The tech still needs work but its closer to reality than what Gates wants.
5 minute intro to LFTRs" if your curious.
1 To get a temporary waste repository in place. >> does not work. it
2. Get the NRC out of the way ... >> Yeah, le's reduce the safety checks. What a great idea. Fukushima anyone ?
3. Streamline the licensing so new plants can actually get built >> will not happen. They are more expensive than renewables.
aaaaaaa
No. An MSR is actually fairly simple. The expensive part is all the regulatory BS, plus the endless lawsuits.
Chas - The one, the only.
THANK GOD!!!
Wrong.
Nobody's asking to build any Gen2/Gen3 reactors.
They're looking to build safe-by-default Gen4+ designs.
Chas - The one, the only.
THANK GOD!!!
I believe The Holy Hand Grenade of Antioch was one of the earlier nuclear weapons, famously used to thwart the Rabbit of Caerbannog.
Three branches of Congress?!? Did you pay attention in school? This is one of the major problems in our country today. Public education has failed to accomplish its mission. We now have several generations that are totally ignorant of how the federal government is organized and how it works. What's really scary is that those people VOTE!!
A very short primer:
There are THREE branches of our federal government - Executive (the President), Legislative (Congress), and Judicial (the Supreme Court). Congress has TWO houses or chambers, the Senate and the House of Representatives.
2. Get the NRC out of the way and have them actually trim down and simplify the regulation of power plants.
Not a good idea. While the nuclear industry has done a good job, post TMI, of self regulating to focus on safety the NRC still has an important role to play. They need to ensure all regulations are met and prevent the “it’s just a minor deviation from rules / design / etc. so it’s OK” mentality. The regulations may appear onerous but many are written as the result of past mistakes.
3. Streamline the licensing so new plants can actually get built.
That has been done. The combined operating license lets you build and operate the plan and not have to wait to operate while construction issues are litigated.
Spending money on new designs or upgrading and standardizing current design, would be great as well. Imagine if we had a national standard design that could be quickly deployed and licensed without endless approvals needed.
The NRC has approved several standardized designs that can be built without all the licensing and approvals needed for a nonstandard design. Unfortunately the industry can’t seem to actually build a standard design and not make on the fly changes that requires licensing approval, thus delaying construction and raising costs. In theory, a consortium of utilities could all build the same standardized design reducing construction and operating costs through economies of scale. Many current sites were approved for more plants than were actually built so sites that can be used without all the site approvals exist as well. The kicker is cheap gas. You can get 10 year contracts for gas and build a gas plant a lot faster and cheaper than a nuke. Given that, there is no reason to look to building a fleet of nukes, as was the idea when the advanced reactors were designed.
I'm a consultant - I convert gibberish into cash-flow.
When nuclear is used, the baseload for the design(s) is to hold around 60-70% of all the generation for a specific area. Gen II reactors have a cleanup cost that's high, Gen I are astronomical. The reason those old reactors keep being used is because environuts keep protesting the replacement of aging nuclear plants. See the glorious fuckup that led to in Japan for instance, since replacing PWR designs with Gen III were and are still stuck in the courts. You can see similar circumstances in the US, and you can see the same in Canada for example with the Chalk Lake medical reactor, which was supposed to be shutdown over a decade ago. Court cases tying up the replacement, leading to massive overruns, then nimbys and more environmental bullshit. Now Darlington Nuclear(Toronto) is supplying most of those isotopes and other countries which have nuclear reactors have had to pick up the slack. Europe for example relies now mostly on French reactors for their medical isotopes.
Chalk Lake if you're wondering supplied most of the world's medical isotopes(between 70-80%), for everything from targeted radiation treatments, to short-lived radioactive used for MRI's and CT scans.
Om, nomnomnom...
After all, a lot of this waste won't be safe for hundreds of thousands of years. Can't just leave it in the pool until then.
And that's a big reason we want to make newer reactor designs. The old LWRs using the U-Pu fuel cycle makes some wastes that have a very long cooling period. The newer Th-U fuel cycle designs make waste that only takes 300 years to cool. And we already have at least 300 years worth of Thorium mined due to all the rare earth mines around the globe.
Most of what is holding back these new designs is ignorance. They are complex but have really interesting qualities and the fact that we won't license the world to develop these technologies is almost criminal.
The LFTR design for instance is being worked on in at least 3 places (US, China, and India). We created the technology (in the 60's) but we can't even get the licenses to commercialize it. A technology that makes enough power (and syn fuel) for the entire globe, can't meltdown, is a sealed solution, doesn't require mining, makes CO2 free power, and produces a grand total of 6 railroad boxcars worth of waste a year if it was used to provide 100% of the world's electricity and fuel needs.
It took 7 years for the engineers to get a license to just do the fluorination work necessary as part of the development of the LFTR. Even worse, as we refuse to do anything with nuclear we let older less safe plants stay online longer than we need to. So all this environmental obstructionism actual makes use less safe and helps the fossil fuel industry. Ignorance is truly our greatest enemy.
"Those that start by burning books, will end by burning men."
1 To get a temporary waste repository in place. Note I don't say long term because what we call waste will be very very valuable, it's all transmuted isotopes most of which don't occur in nature.
2. Get the NRC out of the way and have them actually trim down and simplify the regulation of power plants.
3. Streamline the licensing so new plants can actually get built.
Spending money on new designs or upgrading and standardizing current design, would be great as well. Imagine if we had a national standard design that could be quickly deployed and licensed without endless approvals needed.
For once though I feel sorry for Mr. Gates, he is going to find just how much joy dealing with the idiocy environmentalism and the off grid hippies have injected into our society.
No, no, and no. And your beliefs about "regulation" are at least 30 years out of date, to the extent that they ever resembled reality at all.
Bullshit. Not a single MSR design or even a new design other than the AP-X line has been licensed in the US in almost a half century. Multiple lawsuits happen at every chance in the process of building a nuclear plant. If regulators don't want something to work, they will kill it. The nuclear regulation is the exact opposite of what the Republicans do with the EPA. If you put people in charge that don't want it to work, it won't.
Read about those AP-1000 plants in detail. The regulators had no desire to see the project complete successfully. They had to grade the site twice because regulators didn't like how the backfill was being placed. The fabricators fucked up royally as well but changes in regulation that happened while the plant was being build made the process much more complex and resulted in a worse overall quality of the construction due to changes in design during the building process. Changes in design that were entirely political and designed to kill the plant (like the requirement to withstand a commercial airliner, then it was a fighter jet, then a fighter jet with a full payload).
Anyone doing an research with radioactive materials will spend a good chunk of their day dealing with paperwork. Like half of their time. Often delays to get approval for necessary research, often this research is into safety systems, will take multiple years.
This isn't an area that's treated in the same way as other power sources and the level of regulation should be high, but more paperwork doesn't equal more safety. More and better safety systems equal more safety and we can't even do that work. The level of obstructionism is high enough that it clearly creates more risk than it avoids due to making us continue to use older and less safe methods. There is always a risk in doing nothing, that's where the logic of regulation falls apart. Especially in the area of scientific and commercialization research.
"Those that start by burning books, will end by burning men."