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Energy experts discuss nuclear - it ain't good, page-2

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madamswer

17,020 Posts.

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17/06/24

14:19

Post #: 74352054
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Originally posted by Scott th Ratbag ↑

In order for private investors to earn a return from nuclear investment, Mr Hudak said: "Government subsidies need to be in place at the start, given the lack of technology and skill availability that we have here in the Australia market.
"But the expectations that we would see is a higher level of efficiency come through as nuclear reactors rolled out here in Australia."
The world's energy consumption is expected to skyrocket in the coming decades, particularly due to increasing use of electric cars, artificial intelligence and data centres.
That is why Mr Hudak says nuclear would play a key role in providing "reliable base load power" as a backup when renewable energy sources failed.
A.B.CLink.

and this is the kindest assessment from only one of the 5 key people involved in energy investment and production.

even Origin says they're invested in cheaper energy by wind and solar with batteries.
worse though:

The head of global infrastructure at IMF Investors, Kyle Mangini, said it was "virtually impossible" for the private sector to take on the financial risk of building nuclear reactors without taxpayer subsidies.
"If you look at where the nuclear facilities are being built globally, they're almost in all cases being built by governments," said Mr Mangini, who manages $110 billion worth of energy and infrastructure investments in his role.
"In Australia, there's never been a nuclear facility built, so there's no skilled labour force.

"And that's just the beginning; a nuclear facility would need a very long-dated sales contract to sell the power – something like 30 years at a fixed price. That doesn't exist in this market.

"And the nature of these facilities is that it's extremely difficult to get someone to build it for you on a fixed-price basis."
(ibid)

so essentially, Dutton and Taylor are both talking through their rectal orifices and ignoring the factual situation of nuclear energy construction around the world,.

Expand

What someone on the internet says:
"...even Origin says they're invested in cheaper energy by wind and solar with batteries."

What Origin actually say:

Not just Origin, but AGL, too:

And it's not just an Australian thing; globally the interest in clean energy/renewables/ESG is waning. Clearly, the returns on investment capital are just not there:

Quotable Quote:

"ESG was a dotcom sort of hype 20 years later and now it has passed"

Even this guy - father of the ESG fad and erstwhile avid supporter of Renewables - seems to have had some kind of Road to Damascus experience:

https://x.com/newstart_2024/status/1796502112492540376

"The world is going to be short power, short power. And to power these data companies you cannot have just this intermittent power like wind and solar. You need dispatchable power because you can't turn off and on these data centers."

BlackRock CEO Larry Fink.

#renewables # unravelling

.
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