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Nuclear - future for Ireland?

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Comments

  • Registered Users, Registered Users 2, Paid Member Posts: 3,517 ✭✭✭KrisW1001


    10% capacity factor - we know all this. But, the capacity is really cheap to install and predictable to scale, plus: all generation from solar occurs at times when we need energy.

    The problem with nuclear right now is nothing to do with “green agendas” or other conservative bogeymen. The problem is hard economics: if you want nuclear power right now, you have no idea how much it will cost or when you’ll have it. Would you agree to buy a car on those terms? So why should you let the state become a hostage to fortune, tying up billions on the hope that organisations that have persistently lied about cost and time will, just this one time, be telling the truth.

    The current generation of plants is a dead-end. If nuclear has a future, it needs to do much better than this.



  • Registered Users, Registered Users 2 Posts: 24,491 ✭✭✭✭ted1


    How is it a huge problem? Its well known and an consideration when planning one. It's sunny in the summer and dark in the winter,it also tends to be windier in the winter and less windy in the summer, so you see they compliment each other.

    It only seems to a huge problem to you, because you don't understand Power systems.



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    Maybe, maybe not ,

    Yes ,there'd be legal and planning challenges, and site selection, and follow through would be a swine ,

    Repealing the law banning nuclear could be relatively minor ,

    If it went like the proposed apple data centres in athenry , it'd actually be pretty quick , even protests might not be that bad , its possible that the selection, design and planning permission could be done in 10 or so years ,

    But thats 2 full government terms..

    So a lot would depend on a current gov and likely any likey opposition parties being onside - 2 terms of spending a billion or 2 a year , and nothing visable built - and 2 terms of risking your finance deal with Westinghouse or edf led banks collapsing - or interest rates skyrocketing making the whole project uneconomic -

    The public are fickle - say nat gas prices drop for a few years , and we've brought in a turkish company to build the thing - (cos the rural area its being built in doesn't have thousand of spare builder's and engineers) and then the economy tanks , and population rail against it ( think children's hospital X 10 )

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    Basically you'd be a brave (or naive ) politician to nail your flag to that mast, in the hope of getting a return in 20 years time -

    If you just wanted to bring down electricity prices , you'd just force data centres off the grid , wouldn't make oir country any greener but most people dont care .

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 1,799 ✭✭✭bored65


    because it requires gas backup

    That expensive co2 producing thing?



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  • Registered Users, Registered Users 2 Posts: 1,799 ✭✭✭bored65


    you be a brave politician to cost this country jobs and tax revenue which you need for all sorts of pet projects

    And soon to pay billions in carbon fines, something that will bring down governments here the moment it gets into media that billions is being sent out of the country

    FF can see the writing on the wall, it’s damned if you do damned if you don’t



  • Registered Users, Registered Users 2 Posts: 14,785 ✭✭✭✭LambshankRedemption


    The data center in Athenry was a different kettle of fish. A thing no one really wanted owned by an evil rich corporation that probably pays less tax than your average paye worker.

    A nuclear plant at a time when energy costs are through the roof, meaning we would be less dependent on foreign oil price fluctuations.

    As for the imported Turkish workers local businesses would be delighted because they buy stuff.



  • Registered Users, Registered Users 2 Posts: 24,491 ✭✭✭✭ted1




  • Registered Users, Registered Users 2 Posts: 14,785 ✭✭✭✭LambshankRedemption




  • Registered Users, Registered Users 2 Posts: 16,965 ✭✭✭✭charlie14


    It`s every bit a credible for a nuclear to provide 100% of our future requirements as it is for renewables. Probable more so for nuclear as it can ramp up and down. Renewables only ramp in one direction so it`s a case of sauce for the goose and sauce for the gander for your 25% - 30% required from another source.

    Our projected requirements for 2050 from Eirgrid are ~15.5 GW. Our present installed capacity of renewables is 7.5 GW with a further 3.5 GW from four sanctioned offshore wind farms. That is 11GW of installed capacity. If that cannot cover your 25% - 30% then what use is it as it`s not doing much for emissions from the present 7.5GW installed or for electricity prices, so what are you going to use for that 25% - 30% of this mysterious renewables plan - that you refuse to give even an outline off - while asking others for their plan in detail ?

    U.K. cfds have increased by 75% since 2022. Going from €63.85 t0 €111.62. The present cost for the 37GW plan for turbines alone is now €150 Billion. And that, unlike from some here as regards figures for nuclear; is not off the top of my head, it`s verifiable.

    It`s from the Final Investment Decisions (FIDs) of Iberdrola & Masdar (East Anglia Three), the Orsted & Apollo Divestment (Hornsea 3) and the Macroeconomics Industry Indexes. That €150 Billion is just the initial cost of the turbines. It does not include the Billions that would be required for green hydrogen or the €20 Billion for grid improvements required for renewables and the subsequent strike prices to the consumer.

    The capital cost of nuclear is a one off for 60 years. Hint : The bake and switch for renewables is that they have created an inflation bubble of their own that bears no relationship with national inflation, and they would require three rounds of capital investment over 60 years compared to the one for nuclear. The capital investment for renewables without inflation would run to €450 Billion for that 60 years. And that is just for the turbines alone.

    I have already shown you multiple times that this 37GW would leaves us burning more gas by 2050 than we are now. For the cost of that 37GW we could build nuclear, generate all our electricity with gas and still be financially better of paying the fines. Wind priced itself out of the market four years ago, and a growing number of countries, even the E.U. are recognising that.



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  • Registered Users, Registered Users 2 Posts: 16,965 ✭✭✭✭charlie14


    It has for the countries that have a decent percentage in their generation mix where they are at the low end of E.U. charges compared to those with renewables at the opposite end.



  • Registered Users, Registered Users 2 Posts: 24,491 ✭✭✭✭ted1


    what year did those countries build their nuclear plans. i mean people who bought bitcoin years ago will see a different return to people buying it today



  • Registered Users, Registered Users 2 Posts: 1,799 ✭✭✭bored65


    It sure as hell won’t make it more expensive and we already are the most expensive in Europe



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    Betting the house on just nuclear , or just wind or just gas is risky at best ..

    It'd likely be a way of hedging,

    The next thing would be how many reactors would be needed to make it an economic proposition ? Because of a need for reserve and redundancy ,

    Obviously the same batteries and pumped hydro, that are needed for renewables can be used as short term "spinning reserve" but that'd likely have to be one reactors worth of electricity so 1.3 plus gw .. and able to supply for a couple of hours till gas generators spool up ..

    I assume that couldnt be the same batteries being used for peaking ?

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    Thats why you'd consider building nuclear as a hedge - against expanding electricity demand , against potentially higher gas prices ( or availablity) , to some extent against co² ( we'd be using imported steel , imported components and possibly imported cement- so to some extent construction would largely count against some other countries co² figure..

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 16,965 ✭✭✭✭charlie14


    I don`t know what point you are makeing A nuclear plant will generate as much today as it did 40 years ago.

    If it`s for recently built nuclear plants Finland has the third cheapest electricity in the E.U. due to its OL3 going online in 2023 with spot price for electricity falling by two thirds compared to the previous year. Imports have fallen from over 15% in 2022 to virtually nothing and the cost of electricity to their domestic consumers is €0.115 per kWh. ~ a quarter of ours for a country with the same population.



  • Registered Users, Registered Users 2 Posts: 16,965 ✭✭✭✭charlie14


    Do you not think this 40 year figure is running a bit thin when compared to what just the present capital cost would be for a 37GW offshore turbine plan for just the turbines alone with a 20 year life rather than nuclear with 3X the life and at least 2X the capacity factor.

    Offshore has created it`s on inflation bubble with a 75% increase of CFDs since 2022, and 20% since 2024.



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    Oh , i agree that we'd be bonkers to bet the house on offshore wind , and the hydrogen idea so far doesnt add up at all,

    But equally we'd be kind of crazy to do the same with nuclear .. not because of the straight costs , because of the unknows in 20 year plus developments - while being locked into paying a set current price + index linking for a further 40 more ..

    And, for Ireland there'd be substantial grid costs

    , plus reserve costs -spinning and just back up ),

    And significant peaking costs

    for on and offshore wind ,solar AND nuclear

    The only real way that nuclear would get cheaper over time for at least the 40 years of the cfd would be if the strike price was index linked to US interest rates - and then european rates go way up in comparison..

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    Most nuclear has a design life of 40 years, at which point a billion or 2 per reactor will likely get you another 10 to 15 years,after which if inspections show its still safe , another billion or 3 will probably keep that going, its quite possible to keep a nuclear power station going for for 80 to 100 years - IF you keep pumping the money in . But like an old heavily used van , its reliability will likely drop - and at some point,its not really worth the cost of the refurb..

    That could come at 40 years of operation- or that could come at 100 years, brilliant if they go that long -

    Really cuts down on the cost of decommissioning..

    On shore wind is kind of similar but on a shorter timescale - when first built its expected to have a 20 to 25 year life , after that it can be refurbished for much lower cost for another 20 to 25 ..

    At that point it really depends on condition of the foundation and mast ,

    Slava ukraini 🇺🇦



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  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    I can imagine the athenry data centre legal crap, or the m28 motorway legal bull , and the bellanaboy gas plant protests ect all being very minor in comparison to a nuclear power station being built anywhere in Ireland

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    Fianna Fáil members approve bill to lift ban on nuclear power in Ireland https://share.google/LSsNSjKrhbqbfkW4A

    Well its a start..

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 16,965 ✭✭✭✭charlie14


    The capital cost of nuclear is a once off. For renewables, which are operating within their own inflation bubble, it would take 3X capital costs for the same lifespan with no way of knowing what they would be.

    I don`t get this idea that somehow a 40 or even 60 year strike price index link is worse than three or more that would be linked too, in all probability, two further higher capital costs for renewables. For a 40 or 60 year index linked strike price you would be paying the same in year 1 as you would be paying in year 60 in real money terms. It gives certainty, especially for companies considering investing, whereas for renewables it would be a lottery.

    The substantial grid costs would be for renewables. Nuclear is, and would continue to work for our grid.

    Nuclear provides base load. Renewables do not, so you would need a base load provider. This 37GW plan would not even cater for our 2050 requirements, so I don`t see how backup or peaking would be any less than for nuclear. Especially where nuclear can load follow and ramp up or down quickly as require.

    Poland`s strike price for 40 years - they wanted to have it for 60 but the E.U. for reasons known only to them insisted on 40 - is projected to be the same as their present strike price for wind due to the deal they are getting on credit. Even without that deal, governments get better credit terms than private companies. States owning their nuclear show that rather than the excess profit provided by the marginal pricing policy, they can and are using it to lower costs to the consumer. Renewables just trouser it and walk off. They are not even prepared to put some of it against the cost of grid upgrades that would be required to carry their generation.



  • Registered Users, Registered Users 2 Posts: 16,965 ✭✭✭✭charlie14




  • Registered Users, Registered Users 2 Posts: 16,965 ✭✭✭✭charlie14


    Modern nuclear has a design life of 60 years and can be extended for 20 or 40 years more.

    Onshore is vastly different to offshore as I have posted before as regards "repowering". Even for onshore "repowering" is scraping the turbines, bases and access roads with larger turbines being installed at a new capital cost and a new strike price.



  • Registered Users, Registered Users 2 Posts: 9,235 ✭✭✭Markcheese


    How're you going to hook up a very large power station of any type to the grid , and not have a large cost ? If you plan on 2 reactors that's bones of 2.8 gw you've got to distribute and build transmission lines and substations to get that power to major centres , and you'd probably better spread it out because the bigger the potential single point of failure , the bigger the spinning reserve you need ..

    On any big front loaded project the killer is interest rates , the staffing and fuel cost are higher for nuclear , probably best not to skimp on the ongoing maintenance either ,

    Also since nuclear doesnt really ramp up and down well , you' ll have a considerable amount of power in the middle if the night , thats worth next to nothing but is still being paid for at top whack..

    Slava ukraini 🇺🇦



  • Registered Users, Registered Users 2 Posts: 24,491 ✭✭✭✭ted1


    a 2.8GW plant needs an equally big Plant for N+1


    some counties even operate a N+2 policy which allows for 1 plant to be down for maintenance and still

    Provide redundancy



  • Registered Users, Registered Users 2, Paid Member Posts: 1,736 ✭✭✭Consonata


    The capital cost of nuclear is a once off. For renewables, which are operating within their own inflation bubble, it would take 3X capital costs for the same lifespan with no way of knowing what they would be.

    Most modern panels last quite a while, maintaining up to 95% at the 30 year mark. The main thing needing replacement are the inverters which are a fraction of the costs.

    Decommissioning a solar farm is also a lot less costly in comparison to a NPP, and maintainance costs are far lower.

    Having panels on every house in Ireland is a nobrainer. Having decent subsidies for inhouse batteries are also advisable.



  • Registered Users, Registered Users 2 Posts: 1,799 ✭✭✭bored65


    Just the slight problem of needing gas for the major of the time they do nothing

    Only a slight problem

    Now since I answered loads of your questions perhaps you care to give us a cost and timeline



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  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 99,467 Mod ✭✭✭✭Capt'n Midnight


    Sizewell C will cost £100Bn. And based on the existing EPR's will only average 20TWh a year. The longstop date is 2047. There are mechanisms to extend that date. Hinkley-C was supposed to be powering 2017 Christmas dinners.

    Cheap, fast, good ? Nuclear can't even do one.

    Re theory - 50% of the UK's nuclear generators are offline right now. Luckily the UK doesn't need nuclear. But since it's also happened in France and Japan and elsewhere when they needed it, so you will need to explain your plan for when (not if) it happens here.

    Renewables are predictably intermittent. Nuclear is unpredictably intermittent.

    In order to keep the lights on we need to continue with our current strategy. Simple as.

    Most of the increase in demand for heat pumps and EV's and decarbonisation will happen long before nuclear can arrive. Nuclear missed that bus.

    Nuclear is just additional costs on top of our current strategy because it can't deliver more than 70% on a island grid. If you can provide 30% of demand from zero emissions dispatchable plant then is no requirement for nuclear.



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