Comment by epistasis

Comment by epistasis 17 hours ago

15 replies

I wish that Meta would pay for the extension of Diablo Canyon in California. They have had to jack up already sky-high electricity rates to keep it going, after deciding nearly a decade ago that it would be uneconomical to try to extend its lifetime.

Meta's nuclear intention is a perfect example of how tech is willing to pay far more for energy than other customers, and how it's driving up everybody's costs because we are all paying for that increase at elevated prices.

Nuclear is extremely expensive, higher than geothermal, renewables backed by storage, and natural gas. Nuclear is good for virtue signaling in some communities, but from the technological and economical perspectives, nuclear is very undesirable and unattractive. It's only social factors that keep alive the idea of new nuclear in advanced Western economies, not hard nosed analysis.

Here's a new preprint from Germans showing that even for Europe, a continent with very poor solar resources for many countries, new baseload is not the most economical route:

https://www.cell.com/cell-reports-physical-science/fulltext/...

zozbot234 16 hours ago

Geothermal energy is highly location-specific (it's great if you have a handy volcano nearby, of course), storage cannot meaningfully "back" intermittent renewables because it's only good for a few hours load from the grid (aside from pumped hydro which is effectively built out), natural gas peaker plants are very expensive and increase CO2 emissions. There isn't much of an alternative to nuclear.

  • epistasis 13 hours ago

    Enhanced geothermal using fracking techniques developed in the past decades is being deployed now, and has very limited restrictions on where it can go.

    > storage cannot meaningfully "back" intermittent renewables because it's only good for a few hours load from the grid

    That's trivially untrue. If you can build a battery for four hours duration, then of course you can build another to get to 8, or however many you want. Batteries are being added to the grid at a huge rate.

    > natural gas peaker plants are very expensive and increase CO2 emissions. There isn't much of an alternative to nuclear.

    Gas peakers are about the same cost as nuclear. We will have a ton of gas peakers hanging around in the coming decades, and they will be used less and less as we get more batteries on the grid. Already, batteries eat peakers' lunch economically.

    In the most optimistic grid modeling scenarios, nuclear can play a 5% or 10% role in a fully decarbonized grid. If you go full nuclear, then you also need a ton of batteries. And if nuclear was cheap, I would advocate going for a ton of nuclear plus batteries. But nuclear is super expensive, and doesn't scale fast enough to meet our needs.

    We are currently at 20% nuclear power in the US and have a rapidly aging fleet. Even if we had investors who wanted to spend the $500B it would take to keep 5% of our grid as nuclear, it's unlikely we'd be able to build those 50 1GW reactors over the course of the next 20 years. Scaling SMRs seems even less likely.

    I really hope I'm wrong and the SMRs somehow materialize and are cheap, but none of the startups are acting like the have anything real or the chops to scale. A new reactor getting built by 2032, as suggested here? Pumping out an SMR in 6 years, when design isn't even finalized, the company hasn't shown progress since abandoning an NRC application, does not seem plausible.

conradev 17 hours ago

  Meta's nuclear intention is a perfect example of how tech is willing to pay far more for energy than other customers
I believe their plan is to convert that energy into revenue at a rate that exceeds the amortized cost of generating the energy. It's not a social good project even though you interpret the cost outlay as such?

Diablo Canyon in particular is big (https://www.pge.com/en/newsroom/currents/energy-savings/diab...). It might be too big for their balance sheet. I imagine they picked the most economical sites to expand?

logicchains 16 hours ago

Nuclear isn't extremely expensive; in China it costs around $2/watt of power (compared to up to $14/watt in the US). It's just expensive in America because America's shit at building nuclear power plants efficiently.

legitster 17 hours ago

> Nuclear is extremely expensive

Nuclear compliance and certification is extremely expensive. The actual construction and maintenance costs are fairly trivial.

The largest cost associated with a new nuclear plant are the interest payments given that a plant may need to spend 10+ years sitting idle before it can be activated.

  • epistasis 17 hours ago

    > The actual construction and maintenance costs are fairly trivial.

    That is not at all what I have seen, the costs tend to be from absolutely massive infrastructure needed to last a long time in harsh conditions that are difficult to repair.

    Those seem more like fundamental engineering requirements.

    Across four different regulatory structures: France, Finland, the UK, and the US, modern nuclear has proven to be excessively expensive and require massive amounts of high skilled labor. In the past century, high skilled labor was cheaper, but these days we need to pay welders and other construction workers higher wages because they have high productivity alternative jobs that pay better than in 1970.

    Those high interest payments for 10+ years are also because EPC promises to build the design within 5-7 years then takes 2-3x the time. At Vogtle the fuckups both on design meant that many plans were "unconstructable" and then construction proceeded anyway with whatever they could wing together then they had to go back and make sure that whatever the bell was built still met the design.

  • estearum 17 hours ago

    Construction is actually very expensive and also the plant doesn't "sit idle" for 10+ years before activation.

  • conradev 17 hours ago

    Construction costs are not "trivial" if each I-beam you're using has a PhD in materials testing.

  • anonymousDan 17 hours ago

    What, we should have a wild west where everyone can set up their own nuclear power station without any compliance or certification? If not then these are part of the build cost... it's like saying we shouldn't include testing as part of the cost of building software.

  • nosianu 17 hours ago

    > compliance and certification

    You can say the same for cars, houses, appliances, medical devices, elevators, stairs, disabled access, etc etc.

    So, what exactly is your point? Yes, everything would be "much cheaper" if nobody had to pay as much attention to most details any more. Everything would also be much much more expensive for everybody else and longer term, or not work at all or reliably or safely.

    • witherk 16 hours ago

      It's a question of magnitude. Do you think that over-regulation of specific technologies is possible?

      If the price of building stairs was growing each year in only the west to the point were we were opening one staircase 5 every years, it might be worth to ask some companies why. If they all say "the last guy who built stairs got bogged down for 25 years trying to meet all the safety standards". It might be time to relax some of them.

      • nosianu 2 hours ago

        > It's a question of magnitude.

        Maybe, just maybe, this may have some thing to do with the potential damages???

        Here in Germany we still have safety checks for boar meat and mushrooms, decades after Chernobyl! (https://www.bjv-ffb.de/jagdpraxis/7286-2/)

  • HDThoreaun 16 hours ago

    If this were true china wouldnt be winding down its nuclear program in favor of solar and hydro

    • maxglute 14 hours ago

      They're not winding down per say, nuclear has stayed steady, renewables simply exploded. Nuclear understandably more prone to schedule delays, but now it's mostly execution delays in months vs regulatory delays in years. They're still on trend with nuclear year plans. Solar simply scales much faster because all the displaced construction worker from real estate slow down can slap panels but not reactors.

    • dalyons 14 hours ago

      They sort of are, nuke is a tiny % of their annual new capacity. Also, nukes don’t have to be cost competitive in a single party state.