NuScale cancels first-of-a-kind nuclear project as costs surge

[LEP]

Costs of everything have increased dramatically since the Covid lockdowns that upended supply chains, labour , manufacturing , unsustainable government spending , and unreasonable government environmental climate policies causing a rapid rise in interest rates leading to high inflation.
Canada has made it worse by an ever increasing carbon tax with a compounding effect that most can’t understand.
I wonder what the costs would be to build a hydro dam now comparatively in that same time period ?
might just have to crank up the current clean natural gas power plants for cheap reliable abundant power for the foreseeable future .

We wouldn't even be having a conversation about small modular nuclear if gas wasn't going to be banned by the ideologues.

Let as many private entities as possible build the solar and wind installations to supply and operate at a tendered price as the market will bear. With Saskpower gas plants as baseload.

Just take the carbon tax off gas.

[chuckChuck]

Nuclear is the highest cost option to increase capacity. Economics alone will seal its fate.

As long as there is enough backup, renewables are the lowest cost option. Its not nuclear or renewables or gas, or hydro its all of the above.

Why would you forgo all that really low cost generation from renewables when you are trying to reduce emissions?

Why would you run a gas plant during the day when solar and wind can do it at half the LCOE cost?

In a free market the lowest cost supply should win the biggest share of the supply.

Otherwise governments are picking losers. Alberta just wants to make sure it has a market for as much gas as possible.

Its really hard to generate excess profits from the wind and solar energy when both are unlimited sources that will never run out and are free fuel sources!

[Hamloc]

Chuck2, the capacity factor of wind in Alberta is between 34 and 38% depending on the year. The capacity factor of solar is 18 to 20%. So yes they should cost less to build because they only produce part of the time. What is nuclear’s capacity factor? How many acres of good cultivated land does a modular nuclear reactor cover? By comparison a solar field?
How many miles of power lines could be saved by placing modular nuclear reactors closer to where the power is needed. Windmills are generally placed out on the open plains far from the city and require considerable power line construction, an additional cost. Same with solar fields. Large tracks of land out in the country, far from the consumer.

[chuckChuck]

How many acres of good land is covered in oil and gas infrastructure with no option to say no for farmers and land owners? Coverring much much more land than solar and wind in Alberta! So why no concern about the loss of land from oil and gas?

Hamloc the Long Term Cost of Electricity LCOE measures the cost over the lifetime for each MWh. It doesn't matter whether they produce all the time if you have system backup.

They are still the cheapest source of new capacity and anyone in business knows you run the lowest cost option as much as possible to avoid burning more expensive gas that emits a lot of carbon.

My solar system saves me money over Sask Power. At the utility scale solar is far cheaper in the range of 3-4 cents per kwh.

[AlbertaFarmer5]

.

Its really hard to generate excess profits from the wind and solar energy when both are unlimited sources that will never run out and are free fuel sources!

What is an excess profit? Who gets to decide?
Did your 6000 acre farm generate any excess profits during the recent boom years?

[fjlip]

"In a free market the lowest cost supply should win the biggest share of the supply.

Otherwise governments are picking losers."

And yet you PUSH EV's, which is Gov picking those to win? They are more expensive, not a wise choice.

[WiltonRanch]

CC you have a hate on for O&G and I may be reaching but I bet you probably chased a land man off your place in a fanatical rage at one point in your life but what happens when a solar or wind company goes belly up and the infrastructure is left? Your beloved oil and gas has these problems but it is being addressed better late than never. What do you think cc? Should every new wind and solar installation pay into a fund for future indemnities like o&G? Or if it’s green it doesn’t matter? You must be writing Charlie Angus’ policy and speeches?

[chuckChuck]

Wilton the oil and gas industry has done the poorest job possible in being responsible for cleaning up after themselves. Billions and billions of liability that they will happily let the public pay for, all the while raking in large amounts of profit that should have been paying for future cleanup.

The oil and gas industry has been heavily subsidized with incentives and low royalties and now they want the tax payers to pay again? Take the money and run at its finest!

Oil and gas run out and the wells need to be properly decommissioned. The wind and the sun will last forever and those renewable sites can be used again and again with newer and better technology.

So comparing the much larger mess left by oil companies on good farm land and in the oil sands with renewable sites is not even close.

[wade]

Wind and solar last forever

Yes they do. BUT infrastructure does not!!!!! Technology does not!!!!
Site reclamation big issue for renewables also.

[Robertbarlage]

Just build a reactor already