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Three Mile Island owner seeks taxpayer backing for Microsoft AI deal
(www.washingtonpost.com)
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this post was submitted on 03 Oct 2024
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I don't support most new nuclear projects, but saying "it never has and never will work without massive subsidies" is asinine. I live in Ontario where roughly half our electricity comes from Nuclear, and that helped keep the cost reasonable for over a generation. France has also seen great success.
It only looks cheap because the real cost is never fully accounted for. Research and development are paid for by governments. Construction is massively subsidised. Then the corporations reap the profits during regular operation and the tax payer is left holding the bag again for decommissioning. This is how it happened in Germany and what is happening right now in France. The French are in such deep shit it's not even funny any more. And I'll bet it's a similar situation in Canada.
I think you need to read up on shit because https://en.wikipedia.org/wiki/%C3%89lectricit%C3%A9_de_France owns and operates all the large domestic reactors and they're fully owned by the government. We can talk about how financially efficient they are - sure - but it's a very different setup from the US where utilities, bizarrely, absolutely must be privatized.
Power is a service that costs money - it's essential and naturally forms local monopolies... the fact that private power utilities in the US exist is the issue - not that they use nuclear reactors.
This comment is getting downvoted, and I don't oppose nuclear, but I do think it's worth noting that the nuclear energy sector has still under-priced the costs of nuclear waste management, transportation, and storage. Engineers don't have practical methods of building storage containers and buildings that can last as long as the half-life of nuclear waste (1,000-10,000 year), and the long tail of storage costs has not been priced into the cost. Typically, this does end up being paid for by taxpayers over the course of many years. No energy generation system is without downsides, but it's worth acknowledging them.