It’s really not, nuclear inherently requires extreme costs to operate. Compare costs vs coal which isn’t cost competitive these days. Nuclear inherently need a lot more effort refining fuel as you can’t just dig a shovel full of ore and burn it. Even after refining you can’t just dump fuel in, you need fuel assemblies. Nuclear must have a more complicated boiler setup with an extra coolant loop. You need shielding and equipment to move spent fuel and a spent fuel cooling pond. Insurance isn’t cheap when mistakes can cost hundreds of billions. Decommissioning could be a little cheaper with laxer standards, but it’s never going to be cheap. Etc etc.
Worse, all those capital costs mean you’re selling most of your output 24/7 at generally low wholesale spot prices unlike hydro, natural gas, or battery backed solar which can benefit from peak pricing.
That’s not regulations that’s just inherent requirements for the underlying technology. People talk about small modular reactors, but small modular reactors are only making heat they don’t actually drive costs down meaningfully. Similarly the vast majority of regulations come from lessons learned so yea they spend a lot of effort avoiding foreign materials falling into the spent fuel pool, but failing to do so can mean months of downtime and tens of millions in costs so there isn’t some opportunity to save money by avoiding that regulation.
See https://ourworldindata.org/safest-sources-of-energy for detailed stats.
I think we should target “risk parity with Gas” until climate change is under control.
And then you have bad faith actors.
No one would ever put graphite tips in the control rods to save some money, wouldn't they?
No one would station troops during war in a nuclear power plant, wouldn't they?
No one would use a nuclear power plant to breed material for nuclear bombs, wouldn't they?
Finally, no CxO would cheapen out in maintenance for short term gains then jump ship leaving a mess behind, right?
None of that has never ever happened, right?
This is also not as bad as people think. Chernobyl was bad, but the real effect on human health was shockingly small. Fukushima is almost as well-known, and its impact was negligible.
Even if we had ten times as many nuclear disasters - hell, even fifty times more - it would still be a cleaner source of energy than fossil fuels.
Meanwhile the amount of overregulation is extreme and often absurd. It's not a coincidence that most operational nuclear plants were built decades ago.
Yeah the final outcome was pretty negligible, especially if we ignore to huge exclusion zone that can’t be occupied for a few hundred years.
But even in those disasters, we often got a lucky as we got unlucky. The worst of the disasters was often avoid by individuals taking extreme risks, or even losing their lives to prevent a greater disaster. Ultimately all of the disasters demonstrated that we’re not very good a reliably managing the risks associated with nuclear power.
Modern reactor designs are substantially safer and better than older reactors. But unfortunately we’ve not building reactors for a very long time, and we’ve lost a huge amount of knowledge and skill associated with building reactors. Which drives up the cost of nuclear reactors even further because of the huge cost of rediscovering all the lost knowledge and skill associated
In fact Chernobyl is incredibly badly remembered, because the firefighters who died responding to the initial blaze died of sepsis related to beta radiation burns from spending hours wearing their firefighting coats covered in radioactive dust.
Had they been removed promptly and hosed down, those people would've survived because they would not have received essentially a third degree burn over their entire body. And that's the point: they died of sepsis related complications, not any type of unique radiation damage and the Soviet doctors who treated them did get better at it once the protocols were established.
https://www.bbc.com/future/article/20190725-will-we-ever-kno...