• Quatity_Control@lemm.ee
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    1 year ago

    … No, please read up on the topic. It wasn’t possible to make profit. The cost of supporting and maintaining the reactors was too much. Without exorbitant electricity prices, there’s no profits. So the govt is taking on the debt and will tax to service the debt. Nuclear doesn’t add up financially. You need a entire mature industry to service the reactors. Without that, the operating costs get excessive. Nuclear isn’t cheap. It only works when the govt subsidises. That equals higher taxes.

    • Anduin1357@lemmy.world
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      1 year ago

      LOL and nuclear power is known to be extremely cheap per kwh when it gets up and running. It doesn’t take exorbitant electricity prices to recoup the cost of building the facility in reasonable time.

      The real trouble comes from political activism that serves to drum up outrage and popular dissatisfaction with nuclear power, which is what actually makes nuclear power unprofitable because of government overreach.

      And besides, nuclear is a multinational effort, just like defence. You don’t need that industry in your borders, you just need a bigger ally with more resources and scale to build that industry for you. And some part of nuclear power is for military purposes anyway, so you know the countries with the requisite industries already.

      Besides, all technology needs investment. Solar power sucked initially and had to ramp. If you don’t give a chance for nuclear power to get good, then you just made a self-fulfilling prophecy. A naysayer that would make you.

      • Quatity_Control@lemm.ee
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        1 year ago

        Lol, nuclear has had plenty of time and money. It doesn’t work. Renewables don’t have similar barriers and are the clear path forward.