alt Hacker NewsThe issue with them in addition to time is a huge capital expense that needs to be amortized. Nobody wants to hold 30-80 year debt on giant capital projects that could be rendered obsolete.
For commercialization, solar makes more sense as there is a much better return on capital.
If I were king, I’d do socialized power and have the government capitalize and own the nuclear plants, and bid out the operations to private entities. Government has better debt economics and doesn’t care about return in monetary means.
Even then, relatively small tweaks to tax law and some grid investment would create a solar boom at lower cost. Every Walmart parking lot and some road infrastructure should be covered with solar. Interstates could be utility and generating corridors - they aren’t because federal law makes any multimodal use very difficult.
> Nobody wants to hold 30-80 year debt on giant capital projects that could be rendered obsolete.
There isn't really an "obsolete" after it comes online because things get built when expected revenue exceeds construction costs + operating costs, but once built (or close enough to completion) they continue to operate as long as revenue exceeds only operating costs because by then the construction cost is in the past. When the construction cost is large, the amount the price of electricity would have to decline to fall below operating costs is equally large. And investing in something where you expected a positive ROI and you ended up with a slightly negative ROI clearly isn't what you'd have preferred, but it isn't nearly as bad as the -100% ROI you'd get from shutting down the plant instead of selling it for slightly less than what you put in. There's a reason the US is not only continuing to operate 20th century nuclear plants but even looking to reactivate some of the ones that have already been decommissioned.
Moreover, solar has the same problem. You invest in a solar farm because you're expecting to profitably sell power at current prices, but if e.g. the AI thing turns out to be a bubble then there will be oversupply and current prices won't stick. Solar also has the added "everybody is doing it" risk. If you and everybody else add solar then the price at times when solar output is highest is going to be lowest and vice versa, i.e. if too many people invest in the same type of generation then your output gets inversely correlated with the market price, which is bad for ROI.