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In the Australian today the Federal Labour Government nuclear...

  1. Kiwi58001
    64 Posts.
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    10/10/23
    10:00
    Post #: 70260789
    In the Australian today the Federal Labour Government nuclear maths doesn’t add up, says US expert The federal Labour government insists nuclear is too expensive to be part of the future in Australia as an energy mix, but a former US government official says it could be cheaper than other sources of power.

    The link:

    https://www.theaustralian.com.au/business/labors-nuclear-figures-are-incorrect-a-former-senior-us-official-insists/news-story/5db875226b8947ca0a2d0e37c7ddd259

    The financial cost of using nuclear power to replace coal and assist Australia to meet its net zero carbon emissions aspirations without substantial societal upheaval is much smaller than federal Labor claims, a former senior US government official says.Federal energy minister Chris Bowen said using nuclear as, proposed by Opposition Leader Peter Dutton, would cost $387bn, but Westinghouse senior vice-president Rita Baranwal – a former assistant secretary for nuclear energy at the US Department of Energy – said the figures were incorrect and misleading.“I only have three engineering degrees and that math doesn’t make sense to me,” MsBaranwal told The Australian Financial Review Energy & Climate Summit.Ms Baranwal said Westinghouse’s own small modular reactor cost about US$1bn ($1.58bn) for a 300MW facility, which would be used to supplement renewable energy as a baseload generator.Factoring in additional costs for transmission upgrades, nuclear power could be a significant contributor to supporting renewables for far less than $387bn, Ms Baranwal said.

    AGE Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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