Monday, November 3, 2025

Future power

Large nuclear power plants (one gigawatt) cost about $4 billion outside the US and about twice that in the US. Much of this is regulatory and is currently being addressed as nuclear makes a comeback. The cost of subsidies for wind and solar 2010–2023: Cumulative costs for solar and wind subsidies were $76 billion and $65 billion, respectively Inflation Reduction Act (IRA) projections: The 10-year cost of wind and solar tax credits is projected to be around $421 billion between 2025 and 2034 Add to that the subsidies for EV’s Projections for the total cost of energy/clean vehicle subsidies under these acts range from an estimated $391 billion over 10 years (per the CBO) to up to $1.2 trillion (per Goldman Sachs' 2023 projection) This does not include the environmental cost of mining, processing and disposal of the materials needed to make windmills, solar panels and EV’s. Then the human cost of boys working in cobalt mines in Africa, Indians in Peru watching their land being destroyed by lithium mining and ground water contamination in China mining rare earths. Moving away from fossil fuels is necessary to reduce carbon but also because these materials will run out. Scientist realize more each day that nuclear power is the answer.

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