Comment by sndcr
1 day ago
It’s not either or, you need both. We haven’t solved energy storage so renewables can’t be the only source of energy. If you look at Value-Adjusted Levelized Cost of Electricity (VALCOE) it changes the calculation quite a bit. We have negative energy prices a few times per year in Europe as it is.
We’ve solved both. The research has moved on from VALCOE to whole system modeling. Including transmission, storage, backup, firming and modeling it hour by hour.
Studies are converging on renewable energy systems being cheaper in climates ranging from Australia to the Nordics:
Some recent ones:
Finland, 2025: nuclear scenarios 71–84% higher system cost; unrestricted least-cost optimization builds zero new nuclear. https://www.sciencedirect.com/science/article/pii/S036054422...
Denmark, 2026: system-level LCOE including storage, flexibility and system integration; renewables substantially cheaper than nuclear. https://www.sciencedirect.com/science/article/pii/S036054422...
Australia, CSIRO + AEMO GenCost 2025–26: whole-system modelling including transmission, storage and firming; renewables + storage remain the lowest-cost net-zero pathway. https://www.csiro.au/en/research/technology-space/energy/Ele...
I do a lot of work in this space, including all that modeling you mentioned. "Solved" is a bit of an overstatement. The system works, and it can work with renewables+storage (modulo total supply of BESS is not there yet). However, there is high tail risk to not having steady baseload power.
And, even under ideal conditions, baseload is still quite hard. Especially in Southern Europe (e.g. which has quite a bit less land than Australia, and less wind than the nordic countries).
Fundamentally, I agree that it boils down to cost, and the people writing $XXB checks are generally pretty good at financial modeling. If nuclear makes sense, and the regulations allow it, they will build it. However, it's fighting against a highly variable, zero-marginal-cost renewable market with something that is high capex. Same reason people don't build new coal in the US despite certain politicians trying to popularize it.
My guess... If it does take off, either it will have to be wildly cheap (unlikely), or there are geopolitical concerns about the gas backup that Italy currently relies on so heavily to make the renewables work.
I love renewables, especially solar with batteries, but I definitely see the tail risks of not having some amount of independent base load, for which nuclear seems like the best fit. The tail risk could materialize from different sources; could be an asteroid, nuclear war, weird weather patterns etc. nuclear would chug along in most of these conditions. So if I would be a policy maker or decision maker, I would definitely invest in nuclear and maintain an industry regardless of the initial cost. I would try to make it as cheap as possible.
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> Studies are converging on renewable energy systems being cheaper
Cheaper for how long? And in what conditions?
What happens in a post petrol world? What happens when china stops exporting panels/batteries/inverters (aka a good 50% of the current supply)?
Valcoe paper is written by the founder of antinuclear movement in Denmark(which led at ti becoming one of the highest coal burners), has wild assumptions about hydrogen getting basically free for firming
Australia's weather is different from what we got in Europe. And let's not pretend many of aemos estimations are already obsolete due to increased costs of transmission and hydro storage that are huilt.
Dk still has worse emissions vs france/sweden, just like SA
If you don't like nuclear, you'll have gas peakers, like Germany
Germany made their electricity both very expensive and high CO2 per joule.
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Until one day a volcano wakes up and decides no one can have sunlight for a few months.
Edit to add: heh, the CSIRO eh? That bastion of truth.
Or do you mean half the French nuclear fleet offline due to corrosion and cracking issues? Or the majority of the Eastern European due too hot or low rivers? Or half the Swedish fleet multiple times the last couple of years?
Please do tell what is wrong with the CSIRO GenCost.
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I'm interested in why people think this is wrong, in case this is the reason for the downvotes.
Because what is true for these 3 countries is not true for all countries. There are counter-examples where nuclear is cheaper.
In most countries which don't have the advantages of Australia or Finland, you do need a mix as the OP was saying
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OP (ViewTrick) is very well known in the online nuclear energy community. He is the moderator of the NuclearEnergy subreddit where he regularly bans people for saying positive things about nuclear energy.
I didn't downvote but it's nonsense, nobody can sustain a winter with batteries and other storage.
I only checked the first paper and it doesn't seem talk about what would happen if a 3 weeks bad wind event would happen in winter, and a rough look at the figures makes me think it just wouldn't work at all. I didn't check the other papers.
And the proof is in the pudding anyways, if it's that cheap and feasible to do, well let's see who's doing it.
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