Energy experts discuss nuclear - it ain't good, page-5

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oldbull26

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17/06/24

15:08

Post #: 74353158
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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

Taxpayers wouldn't blink if Dutton came out and said an LNP government would pump over $300 billion into nuclear power. We didn't raise a whimper when Morrison put in $360 billion for a couple of subs.

LNP mantra is "who cares, It's future money, By the time anyone questions it we will be in government".
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