Saturday, August 31, 2024

Nuke power

Building a nuclear power plant is expensive and time consuming mostly because of regulations. Today a one gigawatt plant would take 8 years and cost $5.4 billion dollars. If more plants were built the cost per unit would decline but even at that cost the recent Inflation Reduction Act (IRA)of $1.2 trillion dollars could build 222 new plants which is far more than the 93 plants currently operating in the US. These 315 plants would provide more than three/fourths of the countries electricity needs. Building small nuclear reactors on an assembly line basis would be more efficient and less costly. It would take 4,000 one megawatt reactors to satisfy the US needs for electricity and these could be built using the $1.2 trillion from the IRA.

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