New research shows renewables are more profitable than nuclear power::In a recent study, researchers from the European Environmental Bureau (EEB), the Stockholm School of Economics (SSE), and the Potsdam Institute for Climate Impact Research (PIK) questioned the planned development of new nuclear capacities in the energy strategies of the United States and certain European countries.
Given that most countries have a capitalistic, private energy sector, profit may not be the best metric but it’s the only one that matters.
The nuclear bros never seem to understand this though. If nuclear energy made any sense from a financial standpoint, we’d be building a ton of reactors but it doesn’t. With renewables and storage getting cheaper and new nuclear getting even more expensive, we’re not going to see much more new nuclear.
Nuclear powerplants are not being built due to smear campaign by nimbys and oil groups. Storage is thr achillies heel of solar and wind power because batteries are expensive and wear out. No one solution can solve our needs and nuclear power should be part of the equation.