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Another trip down the rabbit hole : Comments
By Graham Young, published 7/12/2023A sensible person would slow down the implementation of renewables until storage was in place.
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"So, while it’s true that Germany’s pursuit of renewable energy has led to higher energy costs, the reverse will almost certainly be the case in the not-too-distant future."
Not when you consider system lcoe, a concept which prompts little or no discussion from CSIRO and AEMO, and silence from the renewable energy industry. The inevitable conclusion is that the more you use wind and solar, the more expensive your energy becomes due to the extra infrastructure required to integrate these intermittent supply sources. For example, some studies suggest that the price of wind energy more than triples at 90% supply.
"Nuclear energy offers consistent output and dispatchability but comes with significant capital costs, lengthy construction times, and concerns about safety and waste disposal. Conversely, renewable energy costs have dropped markedly, and advances in energy storage and grid management are addressing their variability."
Again, real world data suggests otherwise. Most nuclear power plants had a planned life of 40 years. That life has been exceeded by many, some increasing their power output by over 30%, and the belief is now that service lives of over a century are possible. This greatly improves their economics, which is why older plants produce dispatchable energy at a cost lower than non-dispatchable wind and solar. In contrast, many wind and solar projects have failed miserably. The tracked solar plant at Windorah was to last 25 years and save heaps of diesel. It under-performed due to frequent breakdowns and was shut down less than 15 years after it was commissioned. I'd also point out that nuclear technology is advancing as well, and China is now building nuclear power plants for $2500 US per kw (compare this with CSIRO's $15000 per kw estimate), and there is speculation that design improvements could further reduce costs to $2000 per kw.
Yes, I understand that with many hundreds of billions of dollars at stake the renewable energy industry wants to paint a rosy picture to protect their profits, but Australians will have to live with the economic disaster when renewable energy fails.