Cheap nuclear power?? / Mini nuclear power stations / cheap atomic energy? A lie and conspiracy theory

Veröffentlicht am 02.01.2024

Cheap nuclear power / Mini nuclear power stations / cheap atomic energy? A lie and conspiracy theory

Small thorium reactors / small modular reactors / cheap energy?

Mini nuclear power stations: Expensive, dangerous mini-nuclear power plants & thorium reactors? Bankruptcies, bad luck & mishaps

Many media outlets have been and are reporting euphorically about the future “small, cost-effective, green” mini-nuclear power plants. Industry-led citizens' initiatives and nuclear lobbyists uncritically promote the “reactors of the future”.
The environmental movement has long been warning about the dangers (proliferation!) and costs of these new reactors, and it is currently clear in the USA that the expensive mini-nuclear power plants have no chance on a functioning market. In contrast to nuclear power, electricity from wind and sun is unrivaled cheap and less risky.
For cost reasons, the project for new, small mini-reactors in the USA, subsidized with $4,000 million, crashed in 2023.

The first nuclear power plant with small modular reactors was to be built in Idaho. Now the project has been canceled

Even with a modest inflation rate of 2 percent by 2030, nuclear power would not be 8.9 ct/kWh (89 USD/MWh), but rather 10.2 ct/kWh (102 USD/MWh).

Electricity from the new Al Shuaiba solar power plant costs approx. 1.04 cents/kWh. That's a tenth of the cost of electricity from the dangerous, expensive new mini-nuclear power plants, and electricity from wind and solar is getting cheaper and cheaper. That's why these environmentally friendly energies have been and are being fought for so long by atomic-fossil cliques with fake news and bureaucracy. It is inexplicable why economically liberal parties and the media are fighting so intensively for highly subsidized nuclear power, which cannot be implemented on functioning markets.

Added to this are the enormous risks of new nuclear power plants. The export and global construction of small reactors would lead to more and more countries, dictatorships and autocrats coming into possession of nuclear weapons and would be a global suicide program. Radical market greed ignores such arguments.

The update of the previous reactor concepts is also a fiasco. The expensive permanent construction site, the new British Hinkley Point nuclear power plant, will receive a feed-in tariff of 11 cents kWh and an additional guaranteed inflation compensation. This amounts to a remuneration of around 22 cents kWh in the last funding year. The nuclear industry will win itself to death at Hinkley Point.
While at the beginning of the anti-nuclear movement “only” the arguments of environmental and human protection were on the side of the critics, now the economy is also on the side.

Why should we rely on dangerous, expensive, high-risk technologies like mini-nuclear power plants and the thorium reactor when we have cost-effective, environmentally friendly alternatives?

"Bread and games"(Panem et circenses) were the enforcement strategies in the Roman Empire to maintain power. "Cheap petrol, cheap electricity and football" are popular campaign strategies in democracy, our guest author Axel Mayer, Vice-President of the Trinational Nuclear Protection Association (TRAS) says.

In France, the nuclear industry is in decline and the nuclear company EDF is heavily in debt. At the same time, President Macron is once again promising cheap nuclear power and wants to have new small nuclear power plants built. A small part of the French nuclear industry's financial problems is to be solved with EU money.

In this context, the fairy tale of cheap French nuclear power is gladly spread in France and also in Germany and the use of nuclear energy is praised as a saving wonder weapon in the losing war against nature and the environment. However, the price of electricity in France is only apparently cheap

According to a report of the supreme audit court in France, the research, development as well as the construction of the French nuclear power plants cost a total of 188 billion Euros. Since in France the "civilian" and the military use of nuclear power cannot be separated, the sum is probably much higher. Retrofitting France's outdated reactors will cost over 55 billion. Liberation magazine reports retrofitting costs of nearly 100 billion by 2030.

People of France are paying for expensive nuclear power with their taxes
According to a report by the French Ministry of Economy, the semi-state-owned EDF had debts of about 41 billion euros at the end of 2019 and it is expected to be nearly 57 billion euros (57,000,000,000) by 2028. To avoid domestic political problems, EDF is not allowed to raise the price of electricity for political reasons. EDF liabilities are driving up France's national debt massively. The people of France (and especially their grandchildren) are paying for the seemingly cheap, expensive nuclear power with their taxes.

This cost does not include the dismantling of the nuclear power plants or any costs of a severe accident. A serious nuclear accident would have devastating consequences in France. A government study estimates the cost at 430 billion euros. Demolition costs of over 100 billion euros

In France, EDF operates 56 outdated reactors that are now becoming old and decrepit almost simultaneously, but has built up almost no reserves for demolition. In Germany, the government is very optimistic about 47 billion costs for demolition and final storage. The demolition of the large number of French nuclear power plants could cost well over 100 billion euros as costs rise, if no savings are made on safety. There is a distinct possibility that the nuclear industry could bankrupt the French state even without a nuclear accident that could happen at any time.

A "European Pressurized Water Reactor" (EPR) has been under construction on France's Atlantic coast in Flamanville since 2007. The flagship project was originally scheduled for completion in 2012 at a fixed price of 3.2 billion euros. Since then, the start of operation has been postponed again and again, and the Court of Auditors now puts the cost at over €19 billion. Whether the EPR can go online in 2024 is questionable. The model reactor will never work economically.
In countries with a functioning market, no new nuclear power plants are build

Swiss nuclear lobbyist and Axpo CEO Christoph Brand puts the kibosh on dreams of cheap nuclear power from new, small nuclear plants. "The production costs for the electricity supplied by new nuclear power plants are currently about twice as high as those of larger wind and solar plants," Brand said. 'No matter how one assesses the risks of nuclear power, it is simply not economical to rely on new nuclear plants,' he said in the pro-nuclear NZZ on Oct. 21, 2021.“

In countries with a functioning market, no new nuclear power plants are built. When in doubt, it always helps to look at EDF's share price, which has fallen massively over the long term, to assess the market chances of the nuclear renaissance announced by President Macron.

"Bread and games" with artificially low nuclear electricity prices can work in election campaigns. Low-cost, risk-free electricity is generated today with photovoltaics and wind energy.

Axel Mayer, Mitwelt Stiftung Oberrhein. The author is vice-president of the Trinational Nuclear Protection Association TRAS and was BUND managing director in Freiburg/Germany for 30 years.