Comment by asmodeuslucifer

19 hours ago

I agree, I tell everyone who will listen that no country, not Russia, China, Japan, France, USA etc has ever made nuclear power profitable. And you can't blame it on the environmentalists in China and Russia.

That being said, many countries consider it a national security issue not to be held hostage to foreign oil.

Profitable compared to what, that provides base load?

If energy prices are too high, industry suffers. If you let the price rise, maybe China just eats your lunch.

What's the option value vs risk of gas price rises? Gas sets the marginal price of electricity in Italy today for 60% of the year [1]

[1] https://www.terna.it/DesktopModules/AdactoBackend/API/direct... "However, the electricity system remains significantly exposed to gas price volatility, which in 2024 determined electricity prices for more than 60% of the hours."

  • Neither nuclear nor gas or coal will matter any more in a few years. It took California only six years to install 41% of the battery capacity goal it has for 2045[1]. As batteries are becoming part for new solar and wind installations, they will push nuclear and gas out simply by being cheaper and more predictable as an investment.

    [1] https://www.emi-bg.com/en/battery-storage-in-california-has-...

    • > they will push nuclear and gas out simply by being cheaper and more predictable as an investment.

      Unfortunately, this probably won't work everywhere. Particularly in Northern Europe winter is tough as there's very little sunlight (manageable) and often very little wind (not manageable,as it lasts longer).

      Nuclear is an expensive way of solving this problem, but it's carbon neutral which is super important.

  • Nuclear power plants need to be taken offline for multiple weeks to months at a time for refueling and maintenance over their lifespans making them a poor fit for base load without extremely costly redundancy in a small country.

    • A couple points. No, entire plants aren't taken offline at once typically, individual reactor cores are, and modern designs work to minimize that. They still maintain extremely good uptime, especially if you're comparing them to intermittent renewables. Secondly, Italy isn't super tiny, and you need redundancy for outages and such in any grid regardless of its components.

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    • I had a discussion with ChatGPT about this concern. When comparing a modern EPR (European Pressurized Reactor) to a modern coal or natural gas thermal power plant, the required maintenance cycles look fairly similar. For the nitpickers/tomato throwers (I see you!): I am using EPR because it is state-of-the art for nuclear power, and I am specifically using the term "modern" for thermal power plant because the newest ones (China, Japan) are nearly at the frontier of efficiency possible for that type of electricty production.

      Roughly: EPR runs for 18 months, then requires 1-2 months of maintenance (which includes refuelling about one third of its fuel assemblies). A modern coal or natural gas thermal power plant runs 12-18 months, then requires 1 month of maintenance.

      Next, I could not resist as other commenters already mentioned it. You wrote: "small country". As the Aussies say: Yeah, no. Italy is 300,000 sq km. That is not small. If compared to the United States, it would be the fifth largest state.

      Finally, why does it seem that all discussions about electricity production on HN always devolve into the "Base Load Wars"? For me, it is starting to feel like a meme. (Are there LLM troll bots trained to enter HN discussions and make a bunch of "base load" arguments?) Seriously, can someone please create a text-based role playing game that revolves around a future society locked into eternal "Base Load Wars"? (See: PhD Simulator[1])

      [1] https://research.wmz.ninja/projects/phd/index.html

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> country, not Russia, China, Japan, France, USA

Are you serious when putting France in this list? Nuclear is such a cash cow here that EDF manage to make profits even while being forced by the regulator to sell a big fraction of its nuclear capacity below the operating cost and buying it back to them at market price! (We're talking about a multi-billon subsidies scheme, look for ARENH).

And that is despite (rather legitimate IMHO) regulatory constraints that have no equivalent in any other industry.

  • France is in that list (hello i'm from france too) because construction is heavily subsidized and decommission is overall not happening, not planned, and more or less not even approaching the planning stage. The few decommissions that are taking place are decades late and billions over budget.

    It's not industry secret that if you count the entire life cycle, nuclear is the most expensive (in terms of euros) energy we have. Does that mean it's a bad investment? Not necessarily. If you're an ecologist, it's a bad investment because it takes us in the wrong direction (more energy consumption) instead of going the way of degrowth. Also, the nuclear industry is very much in bed with the military industrial complex, which is something you may be concerned about.

    And that economic analysis does not even account for how "stolen" the uranium we use is. If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive. TBH, i haven't followed developments in the last years in regards to french neocolonialism collapsing in sub-saharan africa, but here's a small article from 6 years ago: https://infokiosques.net/IMG/pdf/uranium_de_la_francafrique-...

    • Energy cannot be created nor destroyed, it can only be transformed. This is the first law of thermodynamics and as far as I'm aware nobody has managed to refute it.

      Finding better ways of controlling where energy comes from and where it goes, and doing it in a controlled way that has minimal impact on the surroundings is good (from an ecological perspective)- it is the most pure good an ecologist can hope for.

      "Reduce, Reuse" has its place, but that place has to be in-line with also finding a way to balance our human needs with the environment.

      I don't think reducing our energy consumption is realistic, many things that have a long-tail reduction in energy consumption have a huge up front cost.

      For example, electric vehicles are a bitch to manufacture but are less impactful for the environment over a long term; and this is amplified if the energy that is produced to be used in the electric car has a minimal impact on the environment (Solar, Wind, Nuclear) - but nuclear plants have a huge up-front energy cost too.

      I'll be forthcoming and say that I have a concern that over-reliance on solar and wind may have negative consequences on the environment too- harvesting wind energy from the atmosphere that animals may rely on, will likely impact the environment in ways we haven't thought about. However it's significantly better than coal and gas, and that's the marker we're going for: not perfect.. better.

      Everything is bad at a certain scale after all, we just haven't hit that scale with our renewables- and because of this, on a baseline, I agree with you.

    • > If you're an ecologist, it's a bad investment because it takes us in the wrong direction (more energy consumption) instead of going the way of degrowth.

      Why would an ecologist have to be against more energy consumption? For climate change, what matters is energy from the sun hitting the earth vs. energy being radiated back into space. More energy consumption also doesn't necessarily cause more pollution of any kind.

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    • Thank you for this post. It is informative and nuanced about a complex topic.

          > Also, the nuclear industry is very much in bed with the military industrial complex, which is something you may be concerned about.
      

      I was born and raised in several countries that are a part of the NATO alliance. Without getting too preachy here, I want to say that I deeply value the nuclear deterrence that France proudly and effectively provides the alliance. Plus, personal here, I like the "je ne sais quoi/don't fuck with me" attitude of the French forces. I welcome the wildcard that keeps our adversaries on their toes!

          > If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive.
      

      I am not French, nor deeply familiar with the arrangements here, but what happens if the uranium price is 2x or 5x? I am guessing it has little impact on the total cost of operating a nuclear power plant. Also: There are lots of alternatives. Kazakhstan, Canada, and Namibia control nearly three-quarters of the entire global uranium market. To be clear: I am not doubting that the existing purchasing agreements between France and its former African colonies are fair.

    • glad you pointed out something very few people point out in these conversations - the cheap uranium fuel France gets has a very large hidden cost.

      the coups that happened recently in west africa are largely due to that largely hidden cost.

    • > construction is heavily subsidized

      It's not subsidized, quite the opposite EDF is subsidizing its competitors through ARENH.

      > It's not industry secret that if you count the entire life cycle, nuclear is the most expensive (in terms of euros) energy we have.

      It's not. It only appears expensive compared to other decarbonized means because the calculations never take the opportunity cost of intermittency. Wind and solar are only cheap because you never count the price of the back-up plan in the cost (and also because magnets and solar panels are bought for cheap from China). If you count the price of running an actual grid all year long then it suddenly becomes the most efficient option after hydro and that's why France has among the cheapest electricity in Europe. The German Energiewende is the canonical example of what the theoretical calculations leave out. It should have been cheaper and less carbon-heavy in the end, but instead hundreds of billions have been spent to get only expensive and high-emission electricity in the end.

      >And that economic analysis does not even account for how "stolen" the uranium we use is. If France paid an actual fair price to the Françafrique countries pillaged for their uranium, it would probably be more expensive.

      Come on, the Uranium coming from Niger is a just a fraction of the consumption: https://www.connaissancedesenergies.org/questions-et-reponse...

    • Finally, someone with common sense. Nuclear is bad BECAUSE it produces lots of cheap energy. We DON'T WANT this. More energy = more capitalism = evil.

      DEGROWTH NOW!

    • > If you're an ecologist, it's a bad investment because it takes us in the wrong direction (more energy consumption) instead of going the way of degrowth.

      What a horrible, nihilistic philosophy. Disgusting that anybody takes it seriously.

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  • Anything is cheaper when you don't count all the costs.

    In January 2017 a parliamentary committee reported: "The cost of decommissioning is likely to be greater than the provisions," the technical feasibility is "not fully assured" and the dismantling work will take "presumably more time than expected."

    https://world-nuclear.org/information-library/country-profil...

    • Decomissionning is a made-up issue: no other industrial activity is expected to return clean nature after they stopped operating, even mundane things like business offices real estate or highways wouldn't be economically viable if they had to provision for decommissioning.

      You could clean up the high activity thing and let the buildings and their asbestos in place and nuclear decommissioning would still be more environmentally friendly than every other heavy industry.

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    • The only reason nuclear power facilities get decommissioned is because anti-nuclear politicians panic and force them to shut down. Sure, there's an ongoing cost of maintenance and replacement, but once you have a nuclear power facility, there's no reason for it not to continue generating power indefinitely. We're not going to stop needing or wanting more energy.

  • If nuclear is such a big cash cow, why is edf in huge debts, state owned and suffering from aged power plants having issues?

    • Re debt: check how much debt the SV giants have. Debt isn't a bad thing per se, it's just how you finance investments.

      Its has always been state owned, and it's much better for critical infrastructures to be so anyway.

      > suffering from aged power plants having issues?

      There was one (1) instance if of a serious common issue between multiple plants found in 2022, unrelated to the age of the NPPs (the most recent were affected as well) which affected the exploitation for about a year. It was bad for a moment, but not that bad, it's like saying the automobile industry can't be profitable because the Tataka airbag problem happened. (And the corrosion issue was much less severe than the Tataka one!).

    • Because it isn't. EDF devt to EBITDA ratio is as healthy or healthier vs german eon/rwe. Debt is ok to have for big corpos, unless you think Apple is a failed company.

      Over half of french fleet was already upgraded to have safety similar to gen3 reactors through great carenage.

      France also set record production this summer vs prev ones

    • Because being a cash cow does not mean the cash will be reinvested by the owner. The owner might just milk the cow and use the money for other things.

  • When EDF signed a fixed cost contract to deliver nuclear in England the CFO resigned.

    It's currently double its original budget and likely to grow further.

    The "profits" are from running decades old reactors that were never transparently costed.

    • > When EDF signed a fixed cost contract to deliver nuclear in England the CFO resigned.

      Yes, because they had to borrow at a 7 or 9% long term rate on the market (in the era of ZIRP!), which makes financing costs 70-80% of the overall final electricity price.

      Of course that kind of deal was insane, but it says more about financing long term projects on the market than it says anything about nuclear as a technology.

      > The "profits" are from running decades old reactors that were never transparently costed.

      EDF gave more in subsidies to its competitors through ARENH over the past 15 years than what the entire fleet costed.

      French nuclear has been an indisputable financial success over the past 40 years (while giving France one of the cheapest electricity in Europe). Saying otherwise is just ignoring reality entirely.

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  • France doesn't have an answer for decommissioning costs.

    • I saw a DW Planet A documentary about decommissioning a nuclear plant in Germany. They walked around the plant in some safety gear, but with their faces fully exposed and no breathing apparatus. They said the project was decades behind schedule and it was costing ten times as much as expected. The decommissioning process involved spraying water and gels on slightly radioactive materials from the factory to reduce their radioactivity to effectively zero. The process created much more radioactive material than there was in the first place, which then itself had to be dealt with. The cost of decommissioning is determined by the lobbyists for the companies that do the decommissioning. Voters have no idea what decommissioning should cost, and no one will ever question going over budget. It's a great business.

      https://www.youtube.com/watch?v=QKIaRg3SdTw

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    • Just declare that LNT is wrong and treat materials as non radioactive if they are less than half the radiation level associated with cancer. For the rest you can try and reuse them in new reactors if possible or store it in the same place as other nuclear waste.

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    • And the world leaders don't have an answer for the cost to keep our atmosphere habitable due to using fossil fuels as hard as possible?

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    • technically speaking they don't have to be decomissioned and when they absolutely have to be I believe at that point we will have fusion which is only 10 years away.

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    • Why people spread such bullshit statements? Take Germany which enacted EARLY phaseout, yet all it's reactors are decommissioned on operator money except experimental and soviet units

    • What are these decommissioning costs?

      The reactor vessel and the primary coolant loop.

      All that steel can be vitrified and stored in stainless casks somewhere fairly indefinitely.

      Or just buried. It doesn’t stay reactive very long.

      The rest of the site is no different to any other electricity generator, and no different really to the average industrial manufacturing plant.

      Everyone likes to just say ”decommissioning costs”, without actually thinking about what any of that means.

      It’s not like every nuclear power site is a Chernobyl.

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  • Yes, France is pretty much alone in making nuclear work. It's impressive. That said, it is alone.

    IE, I don't see other nations reproducing the French institutions and culture that allowed this. Will France itself even continue them?

Is that because every country fails to adequately charge oil/coal/etc for its externalities? Are we essentially subsidizing oil, bringing the costs artificially low such that nuclear can't compete?

  • Nuclear has several major cost problems if it's own. Insuring against a major accident is prohibitively expensive, the kind of inspection+maintenance regime that's necessary for safety isn't amenable to cost reductions. The list goes on. Basically:

    Nuclear isn't similar to the things that grow cheaper as the operators gain experience.

    • Much if fhe inspections and standards aren't "necessary for safety" but the direct product of paranoia and lobbying. Nuclear is brutally overregulated, far, far beyond what's necessary to ensure safety, and that's where most costs come from.

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    • See nuclear topic, scroll just like 2 turns to see once again someone claiming nuclear is the one technology in all of history that doesn't improve with technology.

    • > Insuring against a major accident is prohibitively expensive

      Isn't this the thing where you require something in one case but not the others?

      If every oil drilling operation had to carry enough insurance to cover Deepwater Horizon and every hydroelectric dam had to carry a policy large enough for Banqiao and every solar panel factory had to insure against leaving Superfund sites that leak into the groundwater in some of the most expensive real estate in Silicon Valley then they'd be in trouble too.

      > the kind of inspection+maintenance regime that's necessary for safety isn't amenable to cost reductions.

      People often say things like this and then if you actually have someone go through the existing process you find out that more than half of the labor is going to inspect things that aren't actually safety-related, or some corruption is involved which is quadrupling the cost because the contractor bribed a politician to make use of their services required by law or create artificial scarcity for something which is actually important but shouldn't cost as much as it does.

    • Insuring is dirt cheap. You don't insure against any nonsense but against most probable one.

      Nuclear gets cheaper if you have several units built in same place and if you increase CF with various methods, incl higher enriched fuel

  • Yes this is true. Once you include all subsidies nuclear is cheaper than fossil fuels. Much cheaper than coal and oil and slightly cheaper or on par with gas.

    But, the same is true for solar and wind which starts off much cheaper than fossil fuels in the first place.

    Most new build energy is renewables, that's what nuclear needs to compete with.

    • You can count only the pure costs of generation of single type of power plant. But the customers are also paying the costs of distribution, costs of backup and firming.

      Is the customer 10, 50 or 500 km from the power plant?

      Do I need to build a second backup power plant for each installed primary power plant, 100% backup capacity? Or 40%, or 20% backup capacity?

      Costs of pumped hydro/battery energy storage.

      What are the costs of CO2 emission? Europe 80 Euro per tCO₂, China/India 8, US zero.

  • That is clearly true, here and in other situations.

    But, the public has made it clear they are unwilling to give up the implied subsidy the unaccounted externally provides.

  • Yes, think about the US military budget.

    I'd argue at least half of it basically functions as a petroleum subsidy.

    And the other thing that people just simply do not understand is it's solar and wind are now cheaper than anything else, even if the subsidies are applied to them, and would be even more so if the trump tarrifs were eliminated.

    The only justification in nuclear right now it's deglobalization and energy independence. But I would argue all the money you throw into nuclear for that, it's much better served simply building out solar and wind

    • > And the other thing that people just simply do not understand is it's solar and wind are now cheaper than anything else, even if the subsidies are applied to them

      > so if the trump tarrifs were eliminated

      That sounds very very questionable. We have like tens of countries in Europe that are trying to implement solar and wind energy throughout the decades, and are undoubtful lieders and visioners in that areas. And what is the practical results? Energy costs like 10 times more than if that energy was generated through burning fissile fuel alone.

That... doesn't seem true?

https://m.youtube.com/watch?v=cbeJIwF1pVY

Here's an Illinois professor going through the economics compared to a gas plant.

Nuclear power can become dramatically cheaper than other energy sources in the long run.

  • He mixed some units there, mostly by translating Chinese costs into OECD/USA costs. China does indeed take 5 years to build a reactor. That's what happens when you build a couple a year for decades. After 20 years, that might be true in the OECD/USA too, but for now you are looking at over 10 years, $10B/GW, and over 8% interest.

    None of that is the real issue though. The real issue is for at least 8 hours a day, but probably more like 16 hours a day, renewables can generate power at well under 1/2 the price of what he calculated. So they won't sell the 9 units of power he forecast - it will be at best 4.5 units, and the nuclear plant even at his optimistic assumptions never makes money.

    If you look at South Australia [0] - they are at 80% renewables now. At 80%, the average wholesale is cheaper than what nuclear can supply. The percentage will go higher, probably to around 90%..95%. They are and will achieve that with very limited (ie, cheap) storage.

    But obviously that isn't 100% - so it becomes a question of what can fill the gap of 60 days or so a year the cheapest. Nuclear has no hope. Generating and storing ammonia using excess renewables and burning it when needed is one of the most expensive forms of energy available - but if you only need to do it for 60 days a year, it is still far cheaper than nuclear, because nuclear's primary cost is it's interest bill, not fuel.

    The good professor paints gas fuel cost as a disadvantage. But when you are only burning it 60 days a year, then compared to paying nuclear's interest bill 365 days a year it's cheap.

    [0] https://www.energymining.sa.gov.au/consumers/energy-grid-and...

    • Which should we expect will find more cost reductions in the next couple decades? Nuclear or battery storage?

      Looked at it that way, I'm skeptical of all these new nuclear projects. No one has made SMRs work economically, yet we're seeing incredible improvements in batteries, and there's enough unexplored chemistry possibilities we don't have a reason to think we're near the end of the road on that.

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    • This must at least partly be region-dependent right?

      In the darker northern parts of Europe, the German transition to renewable haven't really been a cost-saving success story (right?).

      From my (very) casual Swedish vantage point, the wind build out here was a very government subsided race to zero marginal prices that barely helped anything?

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    • > China does indeed take 5 years to build a reactor.

      I've seen it claimed that this figure is not equivalent to the time-to-build in West, as the clock starts later in the process. I don't know if that's true, but I've seen the claim.

    • SA is at 168 gC02eq/kWh for 2025.

      https://app.electricitymaps.com/map/zone/AU-SA/yearly

      France is at 32 gC02eq/kWh for 2025.

      So France's emission intensity is 1/5 that of SA.

      SA has a population of 1.9 M. France is at 69.1 M. SA is physically larger than metropolitan France ( 983 km^2 vs 549 for France). It is very sunny. It is rich and solar has been subsidised for ages.

      It is really ideal for solar.

      But the emissions are still much higher than France.

      Australia is ideal for solar in general and the government has been giving money to millionaires all over the country to put it on their roofs.

      But most of Australia, with the exception of Tasmania that uses hydro, has fairly high emissions.

      Australia's emissions have also been effectively flat for the past half decade :

      https://www.abs.gov.au/statistics/measuring-what-matters/mea...

      This is despite increasing solar.

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    • This really should be a top level comment. It accurately explains the broken economics of nuclear, and is the real reason effectively no nukes will be built going forward. Not the usual tired points about regulations and safety fears and Chernobyl or whatever

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  • Some people have irrational exuberance around nuclear technologies, and the numbers in that overly long explanation are an example of that. $5B for 1GW of nuclear?! HAH!

    There's a systematic bias among all energy professionals to both vastly underestimate the cost of building nuclear, and overestimate the cost of solar, wind, and storage.

    Go back 5 or 10 years, look at the numbers projected, and it's just wild. I've never seen any other industry where there's such a mass hallucination among people that otherwise consider themselves "serious people."

    • Look at LFSCOE instead of LCOE. The electric grid can absorb a bit of intermittency relatively cheaply, but then you need to account for the system costs.

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  • Yes, thank you. Eroi ist the only thing which matters from a hard physics stand point.

    • That’s just not true.

      An energy source with an EROI of 20 but which requires thousands of highly skilled people to tend it is going to lose to an energy source with an EROI of 15 that sits in a field and just works for 30 years.

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    • It turns out that economic cost of labor and inputs also factors into energy considerations. It's rather soft thinking to ignore them, and leads to very bad conclusions.

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Not to detract from your point, but France had a good run with nuclear energy throughout the 70s, no? They built them on mass, built them reliably and quickly, learned from project to project and had economies of scale.

And if I am not mistaken then for a long time energy prices in France were smaller than that of neighbouring countries.

But to be fair, it is difficult to tell what "profitable" means because a primary motivation has always been the development of nuclear weapons, so the true amortization is across industry and national security.

Profit is not everything.

> That being said, many countries consider it a national security issue not to be held hostage to foreign oil.

Spot on. That, plus... peak oil.

  • Peak oil was supposed to have happened decades ago but current projections put it well past 2050. Demand for oil is going to fall due to electrification long before we run out of sufficient oil production capacity.

    It is clear at this point that peak oil was another failed Malthusian projection. I don't think peak oil is guiding much national policy aside from the national security aspects.

    • Yes. There's all kind of hydrocarbons that aren't economic or barely so, like oil shale or shale oil, with is rock with a stain on it.

      Interestingly, Venezuelan extra heavy sour crude oil is not profitable to use at $55 a barrel, the price before the Iran war, but is profitable when it's over $90 a barrel.

      It's easy to make money when someone else pays the costs but you get to keep the revenue.

    • This is wrong. The peak of conventional oil is documented around 2007. Since then, Europe's economy has been slowing down (if you look at physical indicators like how much is transported by trucks or what surface is being built each year, not artificial ones like the GDP).

      Global peak is estimated to be around now (a few years ago maybe?).

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If the nuclear power would not be profitable, then Germany would not have push nuclear phaseout through parliament in 2002. (Law: "Act on the structured phase-out of the utilization of nuclear energy for the commercial generation of electricity")

The German nuclear phaseout, had as side effect a national security issue, increased dependence on Russian natural gas.

  • That's a bullshit Statement. Nuclear in Germany was phased out because of ideology, not economics.

    It was cheapest firm power in german merit order. Instead the guy that was later hired at gasprom had other plans, together with greens. As result coal is still used. New gas plants approved this summer

    • Exactly, there were no economical reasons for nuclear phase out in Germany.

      It was a political decision and in the end a very costly one: much bigger burning of coal then necessary, new gas power plants, increased dependence on foreign energy imports.

Maybe you could give numbers because french nuclear industry is completely profitable. If you like numbers like me: there were more subsidies to wind and solar energy the last twenty years in germany than the price of the whole french nuclear program (300 billions) since its inception (250 billions since the 1974).

The reliability of french electricity benefits both France and Europe as a whole. I cannot say the same about what germany is trying to do.

  • Why then was EDF nationalized in 2023? A year after making an €18B loss? Why was EDF forced to buy the massively loss-making Areva/Framatome in 2017? How will Flamanville 3 - the latest reactor - at a cost of €24B to deliver 1.6GW ever be profitable, given it will need to earn €138 per MWh over 60 years just to break even? This is over 2.5 times the average wholesale price of the market it will be selling into and twice the €70/MWh state mandated nuclear electricity price cap.

    - https://www.powermag.com/flamanville-3-europes-hard-won-nucl...

    - https://www.techniques-ingenieur.fr/actualite/articles/epr-d...

    • It was nationalized to force it build new reactors despite demand not growing enough

      The 138€ is under pessimistic assumptions. Min profitability limit on the other hand is 9ct/kwh. But nobody denies fla3 was a failure.

      You didn't understand the electric cap in France. It's a cap on profits. If edf sells at certain thresholds above 70€ due to market, the state will take extra profit. It's sort of like double CFDs for renewables except edf has no minimum compensation

  • Anything is cheaper when you don't count all the costs.

    In January 2017 a parliamentary committee reported: "The cost of decommissioning is likely to be greater than the provisions," the technical feasibility is "not fully assured" and the dismantling work will take "presumably more time than expected."

    https://world-nuclear.org/information-library/country-profil...

    • Just after your quote:

      > EdF responded that it "assumes full responsibility for the technical and financial aspects of dismantling its nuclear plants," and noted that it was currently decommissioning nine reactors, so had a good basis of experience. It also pointed out that its funds set aside for decommissioning were audited by the Ministry of the Environment, Energy and the Sea the previous month.

      And, a little bit earlier, the article author's assesment:

      > There are well-developed plans for dismantling these (which have been shut down since 1990 or before) and work is progressing.

      Please don't cherry-pick articles.

    • There’s tons of costs associated with coal, oil, and natural gas extraction, processing, and use, which are neither priced into up front costs nor the price that customers pay for the product. If those were priced in, then fossil fuels would have to become more expensive. Those costs currently get diffused into various other areas and paid for by a wide net of payers, including both the customers and non-customers, and a big one is the government (taxpayer).

  • > The reliability of french electricity

    Except for the winter of 2022 when more than half of French reactors were not running, which was especially critical because of the Russian War against the Ukraine. Coal reactors had to be reactivated in Germany so lights didn't turn off in France.

    Or summer when reactors have to be shut down because the rivers are too hot or running low.

    • France net exported power this summer every single day and hour.

      France net imported in 2022 less vs Germany net imported in 2024 in business as usual situation

      Edf also announced yo add cooling towers to bypass old environmental laws, especially for Golfech

    • So many reactors off was a special event of delayed maintenance, things are done so that does not usually happens. And it's not true to say that Germany reactivated coal reactors for French lights.

      Germany activated coal to reduce dependance on gas, and Germany exported energy to France because of the maintainances ; you know, the old correlation =/= causation.

      That one occurence over 4 decades, I would say we can dare to call it pretty reliable

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  • Until the rivers run low.

    https://www.reuters.com/business/energy/hungarys-paks-nuclea...

    > Nuclear plants along the Danube river in Hungary and Romania were forced to cut output this week and could be shut down completely in the coming days due to record low water levels.

    • Hungary and Romania made a mistake by not diverting earlier more river flow. France net exported every single day of summer

    • You know when rivers run not-low? In winter when we need to heat all those freezing homes. Crazy how that works. Yup, it's not ideal in a summer heat wave... but that's precisely when solar can shine.

      We need both until we've solved storage. There's no need for more false dichotomies and FUD.

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>I agree, I tell everyone who will listen that no country, not Russia, China, Japan, France, USA etc has ever made nuclear power profitable.

This is comparing to the base case of fossil fuels. But those have tremendous negative consequences.

But many nuclear power plants in europe are running on russian uranium - so I don't get the argument that you are "hostage" to foreign oil just to become "hostage" of foreign uranium.

Something like wind and solar combined with batteries would be a more sovereign form of energy generation that is (as a bonus) more decentral and less prone to attacks.

  • Plenty of uranium available from Canada, Australia, and Namibia

    FWIW Russia produces less than either Kazakhstan and Uzbekistan

    • canada has raw uranium. russia runs the centrifuges, im pretty sure on canadian uranium, too

      has fossil fuels been profitable? or just had most of the costs externalized? same with solar and wind - the negatives have been written off as free, whereas the environmentalists from russia have pushed to make sure that nuclear has every possible cost counted against it

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  • Nuclear fuel is available from lots of countries, including Canada and Australia, plus deposits in Europe that aren't being minted because uranium is very cheap.

    Plus you can stockpile it super easy.

  • Uranium is not rare. You can even extract it from sea water.

    Russia's is just cheaper.

    But it accounts for 5% of the cost of a produced MWh, so if it had to be generated otherwise, we'd know how to do it.

  • Refueling nuclear power plants only happens fairly rarely. You hold your customer hostage a lot less if you say “ha! Next time in 8 years time when you need to refuel, we won’t sell the goods to you!” as compared to literally turning off the gas tap.

  • Many is how? Why are people spreading such bullshit? Only a subset of plants, mainly VVER are dependent on Russia, albeit that'll change too.

    Russia is ore importer itself and Orano+Urenco have enough capacity to satisfy most of Europe, both expanding.

    Decentralized is not guaranteed. You mostly deploy ren in productive areas, see northern offshore, or that most of Ukraine's ren were in the South. Guess what happened to that. France has a decentralized grid too- many plants scattered around the country, each with multiple units

  • Nuclear power plants refuel on yearly cycles.

    That's plenty of time to source alternative uranium supplies presuming you haven't stockpiled.

    Plus: Australia has an absolute ton of the stuff.

Why does it have to be profitable? Not everything is a publicly traded company with quarterly earnings reports.

You do things with it's output that are profitable instead.

TVO in Finland seems to have managed that.

https://www.tvo.fi/material/sites/tvo/sijoittajasivut/pwmzkr...

So profitable yes. Would the owners/investors have made more money if they just bought random stocks based on some index? Probably. But not a loss.

Technically as a Mankala principle company TVO will never make any profit or loss. Profit here is some imaginary “how much money would they have made if the energy was sold directly to the nord pool”

I’m curious why profitability is the concern here? I was under the impression that abundant clean energy would be of higher concern than profitability of energy companies - unless you mean that profitability concerns will reduce the willingness to invest and develop more nuclear?

I guess we could argue that these sorts of operations should be state owned?

  • It's not. This whole discussion is confused because it's based on a misunderstanding of how electricity markets work. When states charge a captive customer base whatever nuclear project costs turn out to be, profitability is not a meaningful measure of economic attractiveness. Levelised cost of energy, or system cost of energy, under different regulatory and market regimes, is the relevant benchmark.

  • Even if they are state owned, they should break even at least somewhere on paper. Explicit and bounded subsidies are very different from implicit, open-ended ones.

And I’d argue if you’re saying we need to take complete end to end costs into account, oil isn’t profitable either.

If oil companies are ever on the hook for climate change, the bill will be measured in trillions.

This is false. Nuclear power plants are very profitable, if streamline the regulations that are choking them to death with bureaucracy and no safety.

Why the myopic focus on profitability? Only one nation has succeeded in making healthcare profitable, please tell us how that has led to the best outcome for society?

  • Because for power creation there are alternatives, but for healthcare there aren't. Renewables are cheap now and they also solve the sovereignty issue. Ideally we could use land currently dedicated to energy crops to install solar panels that operate at a significantly higher efficiency.

  • Power is an input. If it isn’t profitable it needs to be subsidized from elsewhere.

    Healthcare is the same. It just turns out subsidizing it from wages works because healthy people are more productive.

    Profitability isn’t a hard limit. But if something isn’t internally profitable, it requires an external partner to get going.

  • Because for healthcare profit isn't a motive to begin with (or at least, it shouldn't be) and there aren't many different alternative sources for it either.

    • Healthcare is profitable like schools are, or roads, or public transportation, or sanitary systems: the goal is for us a society to live better.

      When something is profitable in the sense that a few oligarchs make more an more money, I see it as a bug, not a feature.

  • And in a society that hasn’t made health care profitable (Italy), I waited 12 hours, literally on the floor, with a broken arm and covered in my own blood, before I was seen after a motorcycle accident.

    I literally would’ve been better off flying to New York. I still have scars and nerve damage from the incredibly poor care in Italy’s medical system.

    In the US, I was rushed into the ER in an ambulance and seen immediately after a car hit me while I was bicycling — and that was just because they were worried about the speed at which the accident occurred. They had me patched up within the hour. I was fine, road rash and sore for a couple weeks.

    There’s no silver bullet here, but I’m very sure that healthcare is not a good analogy for nuclear power.

    I’m also very sure that anyone that advocates for government healthcare should try actually using it in one of these countries. I hope you enjoy waiting and long-term adverse health effects from poor, delayed, and inaccessible care.

    • I had an non urgent injury in Spain last week. Went to A&E and was seen by a doctor, x-rayed, and given advice and the results within 90 minutes. I paid zero euros for that on top of my taxes. Maybe it's an Italian problem... And for sure Spain has its own issues as well, but private is not always necessarily better.

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    • >I’m also very sure that anyone that advocates for government healthcare should try actually using it in one of these countries

      I actually do since I'm Italian lol

      Don't get me wrong, what has happened to you feels at best a bad practice, at worst something that goes on the news or that has a legal proceeding afterwards. I've known people with good and bad experiences, I can't complain too much about it. Can I ask in which region? Italian Healthcare is somewhat region-dependant

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    • > I waited 12 hours, literally on the floor, with a broken arm and covered in my own blood, before I was seen after a motorcycle accident.

      So literally just a broken limb. Non-life threatening, can wait. Sorry, triage is a bitch. Some patients will literally die within minutes/hours if not actively treated. Go figure.

      > In the US, I was rushed into the ER in an ambulance

      The second they dispatch an ambulance, you owe them how much exactly these days? $5000?

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I am generally of the opinion that nuclear power is not justified on the basis of base economics.

But I thought South Korea made a good swing at it, but I haven't kept up on things much

China is the only country on Earth that I would trust to build, manage and maintain nuclear power plants.

The point you're touching on is that nuclear power is expensive, so much so that not a single nuclear power plant has been built in the world without significant government subsidies. And even then the LCOE cost is basically the highest amongst all electricity sources. And it only gets that "low" by them pushing out the lifetime of the power plant, at least on paper, to 60 years.

As an example, Hinkley Point-C ("HPC") has that 60 year lifespan, a cost that has doubled since it was approved and a contracted electricity cost that is among the highest in Europe but I believe that contracted price only lasts 35 years. So what happens then? Likely because of increased costs of plant maintenance the costs are going to go way up.

But back to China. China is building over 30 nuclear reactors currently. It has largely standardized on two designs (rather than a unique design for each site). It owns the supply chain and the IP. And each project is getting cheap credit from the state (under 2%). All of this is going to make the end result far more cost competitive.

I cannot stress enough how much standardization matters here and China has proved this time and time again, for example with trains (both long-distance and for metros). A time-consuming and expensive part of any large capital project is procurement. Every city in the West that wants to build light rail has to put out RFPs for the rolling stock. That process is time-consuming and you get no economy of scale. China basically says "this is what you're using" and it saves years and billions off any project. As an example, there are cities in China that had no metro system 20 years ago that now rank in the 10 largest metro systems in the world by track length, number of stations and ridership.

Any private nuclear power plant in the West is going to try to raise profits by cutting maintenance. We see this with every private utility in the US. Even with oversight by the NRC, the NRC itself is subject to budget cuts.

There are large, unsolved problems with all of this too. Processing the fuel, processing the spent fuel and the transportation and storage of spent fuel are all unsolved problems, despite what the pro-nuclear crowd like to say.

This is wrong, Germanies Konvoi where immensely profitable. The greens complained about these as money printing machines.

What exactly does it mean for a powerplan in china or russia to be profitable?

  • The same thing it means anywhere else?

    Any argument that environmentalists run amok is the sole cause of nuclear's failure to launch has to address the fact that these two places, where environmentalists are a lot more likely to get a club to the head than a say at the table, are largely not expanding their nuclear power that much versus, say, solar in China.

China, Russia and the USA all have massive and vested interests in fossil fuels. In the US for example we’ve been subsidizing the everloving hell out of fossil, eroding regulations that would hold them accountable for externalities…

…and then people wonder why nuclear isn’t competitive. When you hold one thing under a microscope because “radiation” scares people, we end up with millions dead per year from air and water pollution due to fossil fuels.

  • China has some coal reserves but overall they're a major net fossil fuel importer. They're quite short of crude oil and natural gas reserves relative to demand. This is a serious national security risk which is why they've been rapidly electrifying their economy and building solar, nuclear, and hydro power plants (along with coal fired power plants).

  • China also? How is that? China is a big importer of oil, and is heavily burning coal (more than 50% their energy mix), that is also partly imported. They are fighting for a cleaner energy not because they are green but because they don't want to be dependent on imports, and some people even accuse them of undercutting solar panel pricing to get all the world market.

    They are installing nuclear power like no other country (1 GW yearly since 2014), and Wikipedia says that 50% of all nuclear capacity being built is in China (https://en.wikipedia.org/wiki/Nuclear_power_by_country): 37 new reactors, followed by India with 6 and Russia, Egypt and Korea with 4. USA and France, which are both pro-nuclear or nuclear neutral, are building 0 reactors. But yeah, China has interests against nuclear power.

    You are not helping your case by spreading misinformation and calling other people misinformed by making a strawman ("radiation scares people"). I am against nuclear (or rather not pro-nuclear) because it is not economically sound, because it is massively subsidized by Governments for the private sector to profit.

    • Coal's share of electricity production in China fell below 50% in 2026 for the first time ever. This is despite idling nat gas plants due to the war in Iran messing up shipments.

      Nuclear's share of electricity in China is below 4% and dropping. They do not use a significant amount of nuclear. That this insignificant amount of nuclear is more than any other country is quite telling.

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    • If china that is the number one producer of solar panels and batteries is investing in nuclear perhaps that shows that indeed it's not such a bad bet? Specially taking into account the military applications of such capabilities.

      It would also seem that investing into it may perhaps render significant gains into the future as R&D becomes more involved with actual running systems and funded (skin in the game?)

      It seems the only ones who lost by abandoning their nuclear programs were European countries (specially Germany) in detriment of Russia and other Oil trading countries... It's even probable that much of the "bad press" nuclear has had for the past decades was in fact instigated by oil-producing countries doesn't it?

  • People who know how much effort it takes to constantly measure and contain radioactivity and what a mess it is to mine for Uranium in the first place also don't wonder.

    If not, reading a list of this helps:

    https://en.wikipedia.org/wiki/Lists_of_nuclear_disasters_and...

    But sure, oil leaks can be bad as well. Solar leaks on the other hand seem bearable.

    • I believe burning coal realease far more Uranium and radioactive material than nuclear ever did. Listing the plane crashes over the last century wont buldge the statistics of the safety of this mean of transportation.

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why is profit the right descriptor?

wouldnt you instead count the net benefits to the whole economy from having that cheap and plentiful electricity?

This statement is kind of wild.

If your trying to argue that 417 operating reactors and 377 GW of operating nuclear capacity at end-2024, producing roughly 2,600–2,700 TWh/year, about 9% of global electricity isn't profitable at all and that somehow all that money is just lit on fire not generating profit/value? Bold claim -- the ecosystem is about $300-500 B/year globally per isn't profitable?

How can the scientific progress of developing nuclear power + medical isotopes and the entire value chain associated with that development, incredibly long lived assets, nuclear fuel development not have been profitable? The fact that you have baseload generation that supports the entire grid?

What part of the equation are you talking about - at what part of the project life cycle? Are you trying to say they were built and weren't profitable the minute the switch turned on?