No, this is not true.
The cost of Nuclear has raised in the same way every other civil industrial project has risen.
A pipeline in Canada was supposed to be $8B it cost $30, subways and tunnels go 3-5x over budget because the actors can extract that wealth.
Think of the builders like Nvidia - they are not incented to build something for 'cost plus' - they want to make sure they suck all of the surpluses out they can. Why build for $10B when you can build for $35B?
Contractors are incented to price all the way to the point where it's 'not viable'.
Thats why with oligarchic vendors, you will never, ever have cheap energy. Never. Because the supply chain will take all the surplus. That's why we have competition. Groceries are not like that.
Insurance - this is a debilitating issues stopping nuclear because there's no way to know what the outcome would be. We don't know how the courts would rule on damages if there was a problem.
This is something that has to be socialized, at least on some level.
Farmers and property owners have to 'live with' the fact there are 300f monstrous windmills obstructing their view for the public good. It's minor but very real. In a more extreme case, we have to contend with the fact there are certain cases in which people may have to 'vacate their properties' in some cases. How do we compensate? It's hard to say, but that has to be worked out and made clear otherwise nothing will get built.
Regulations around storage are another problem - governments have not pushed hard enough for material solutions, kicking the can down the road because just leaving the problem sit in pools beside reactors was 'good enough'. Were we to have invested this for decades we would be much further along.
US, Canada and France etc. have pretty good records, though the US situation is too 'open' it could be tightened, and there's no reason we couldn't have already 35%-50% base nuclear energy all over North America.
Ontario does is quite well.
This should have happened decades ago.
The cost of Nuclear has raised in the same way every other civil industrial project has risen.
A pipeline in Canada was supposed to be $8B it cost $30, subways and tunnels go 3-5x over budget because the actors can extract that wealth.
Think of the builders like Nvidia - they are not incented to build something for 'cost plus' - they want to make sure they suck all of the surpluses out they can. Why build for $10B when you can build for $35B?
Contractors are incented to price all the way to the point where it's 'not viable'.
Thats why with oligarchic vendors, you will never, ever have cheap energy. Never. Because the supply chain will take all the surplus. That's why we have competition. Groceries are not like that.
Insurance - this is a debilitating issues stopping nuclear because there's no way to know what the outcome would be. We don't know how the courts would rule on damages if there was a problem.
This is something that has to be socialized, at least on some level.
Farmers and property owners have to 'live with' the fact there are 300f monstrous windmills obstructing their view for the public good. It's minor but very real. In a more extreme case, we have to contend with the fact there are certain cases in which people may have to 'vacate their properties' in some cases. How do we compensate? It's hard to say, but that has to be worked out and made clear otherwise nothing will get built.
Regulations around storage are another problem - governments have not pushed hard enough for material solutions, kicking the can down the road because just leaving the problem sit in pools beside reactors was 'good enough'. Were we to have invested this for decades we would be much further along.
US, Canada and France etc. have pretty good records, though the US situation is too 'open' it could be tightened, and there's no reason we couldn't have already 35%-50% base nuclear energy all over North America.
Ontario does is quite well.
This should have happened decades ago.