Growing pains or a death knell for nuclear's next big thing?
I've long thought that the equivalent to Ayn Rand's fictional "motor" (referring to that invented by John Galt in the book "Atlas Shrugged") would be a very small, contained heat source powered by nuclear fusion. Basically, and among other things, it would provide a heat source for all kinds of "steam engines", in personal vehicles in particular.
That may still be ways off technically (and may never happen) but I'm pretty sure even if it did there would be a lot of resistance to it. But not because of "environmental reasons" - although it could be cloaked in that, but because of another reason I've mentioned before, which is that there first needs to be be a fundamental change about energy itself. Of course that applies to all other "renewable" sources as well.
What's fascinating about this is most people have no idea what I'm talking about and would reject it even if they did. "Societies" still don't understand how physical manifestations work. It not all just "physical." Or, to put it differently, there is a lot more in "just" than generally understood.
As crazy as this nay sound the beliefs that must first change involve ideas about the sun. It's an aspect of beliefs about power and energy itself. Currently, the mass belief is that energy comes from "the outside". The transition needs to be that energy comes from within and is therefore inexhaustible. Obviously, "the world" isn't ready for that (yet?) and so convoluted and failed attempts at getting energy from "nothing" will continue to fail. Not there aren't input costs but that "we" don't deserve it, and the conflicting and limiting system of beliefs that are still operating won't facilitate it. We're not there yet.
I don't mean to pick on "SMRs" but they are in the same category.
As I've said before, this version of consciousness that we're experiencing has run its course and unless some epiphanies start to occur on a mass scale things are going to flame out.
But like a lot of other things going on, that doesn't mean they can't be profitable superficially in the short run.
Iceberg Research has an in-depth report on NuScale. Doesn't look good.
Here in Illinois, despite having the largest nuclear fleet of any state, Governor Pritzker vetoed a bill with very large bipartisan support that would have lifted the moratorium on new nuclear builds.
In 2028 the Powerton coal fired plant in Pekin is slated for closure, and in 2030 the city owned coal fired plant in Springfield faces the same fate due to the state refusing to extend its operating license past that point.
My take; not enough pain has been felt by consumers to justify the level of grift the politicians/powers that be feel they deserve from implementing reliable base load power at this point. They’ll wait until the early 2030’s to turn to them after power prices skyrocket, then cost overruns can be justified in the name of safety and are large enough to make it worth lining their pockets with, while making them out to be the altruistic heroes. It’s the playbook that is used in this state whenever government is involved.
so John are you suggesting that your Subscribers buy a few shares in NuScale........i already have a share in Cameco and it is doing very well
Back in the 1950s, the US explored nuclear powered rockets. A book was written, but I have not read it.
In time, small scale production of electricity via uranium should come about. Inevitable, though not necessarily imminent.