An article in The Australian this morning from Barry Brook headlined " Nuking Green Myths " would make good reading for those denying the nuclear industry . A quote -- "Worldwide, nuclear power is undergoing a renaissance. There are 45 so-called generation III reactors under construction, including 12 in China, and another 388 are planned or proposed.
These modern reactor designs are efficient, with capacity factors exceeding 90 per cent, and have a high degree of passive safety based on the inherent principles of physics. For instance, the risk of a meltdown as serious as the Three Mile Island incident in the US (which resulted in no fatalities) for GE-Hitachi's Economic Simplified Boiling Water Reactor has been assessed as once every 29 million reactor years. So judging the ESBWR against the type of reactor that was destroyed at Chernobyl in Ukraine is like comparing the safety of a World War I biplane against a modern jetliner.
In terms of costs and build times, standardised, modular, passive-safety designs, which can be factory built and shipped to site, are game changers for the industry. "
AGS Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
