Here’s bright spot in the news of the day: energy from new solar installations has, for the first time, become cheaper than energy from new nuclear plants, according to a new Duke University study.
…The main cost of nuclear is NOT actually building it. It’s working with all the regulators and making sure everything is up to code that is actually an ancient code that hasn’t been updated in 30 years. The cost of Nuclear is truly 1/10th of what it is currently listed at if we had good but not excessive regulation.
For example, there are $20 valves that are inspected for quality, given a Nuclear rating and then cost $2000. This is maintained because the NRC (Nuclear Regulatory Commission) has only approved certain manufacturers to build Nuclear rated equipment. The problem is because the NRC is backwards looking, and only wants to do what has been done in the past. They only approve people who have already done the work before, and they only approve the type of work that has been done before. One supplier means he can charge whatever the hell he wants. It’s a multi-billion dollar project right? What is a couple of thousand percent markup?
Nuclear is stuck in a regulatory trap. The old nuclear power plants…
Go here to see the original:
Solar Power Is Cheaper Than Nuclear for the First Time
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