Comment by lifty
10 hours ago
There are scenarios where either can fail, that’s why it’s smart to have a multi pronged energy strategy. Maintain strong industries for being able to do both renewables and nuclear in house so you can hedge the tail risks of either of them. Not everything needs to have the most economically efficient model. As we’ve seen with the supply chain problems they happened during Covid, some things are more important than absolute cost.
"Multi pronged" works when different technologies complement each other. The problem is that renewables and nucelar power competes for the same slice, a battle nuclear loses with a mile. Any grid will include emergency reserves. But those optimize for lowest possible CAPEX and higher OPEX. Since they sit idle most of the time.
Nuclear power has the opposite spread of ruinously expensive CAPEX and acceptable OPEX.
I would say the pandemic shows that you do not need to account for every possibility. Humanity is amazing at adapting itself and finding new solutions to the problem at hand, rather than wasting all our resources trying to prevent the next made up disaster.
This is why we model with 10 year winters, X00 year floods or similar. Fix reasonable problems, leave the tail risk as tail risk. The worst that happens are rolling blackouts until the grid adapts, which is no different than any other outage due to grid maintenance or someone cutting a cable with a digger.