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Why Are Nuclear Power Plants So Expensive?

21 Nov 2020, 17:46 UTC
Why Are Nuclear Power Plants So Expensive?
(200 words excerpt, click title or image to see full post)

Nuclear power plants are expensive for the same reason that rockets are expensive. They're mostly handcrafted structures. And relatively very few are built. Plus their principal components are usually not serially mass produced. Currently, there are only 54 commercial nuclear reactors under construction world wide. Only two are under construction within the US. Eleven are under construction in China, seven in India, and Russia, South Korea, and the United Arab Emirates each have four under construction. However, the US is scheduled to build nine new-- nuclear submarines. The advent of small nuclear reactors that are being developed within the US and around the world should resolve the high capital cost problem of building nuclear reactors-- especially if most of the electricity produced from nuclear facilities is used to produce carbon neutral synthetic fuels through the electrolysis of water to produce hydrogen and the extraction of CO2 from the atmosphere to produce CO2. Nuclear power produces about 20% of the electricity in the US and more than 50% of the carbon neutral electricity in the US. But existing nuclear sites in the US could easily produce at least 80% of the electricity if small reactors were gradually added to existing sites. ...

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