Posted September 04, 2018 03:09:10 Nuclear power plants are starting to look like they were built with a big budget and big technical chops, and the price of nuclear power is about to go down even more.
But while nuclear power has been a source of cheap energy for decades, the U.S. is starting to see a growing number of plants going online that are just not commercially viable, including a handful that are nearing completion.
“I think there is definitely going to be more reactors going online,” says Steve Mathers, chief executive officer of the nuclear power provider Nuclear Energy Institute, an industry group.
“I think we are seeing it more and more.
The nuclear power industry is seeing the need for it.”
Matherson says the industry is starting a trend of developing more efficient, less expensive nuclear reactors.
In recent years, the nuclear energy industry has seen a major shift toward smaller, less costly reactors, which are more efficient than their bigger counterparts, such as the United States’ Yucca Mountain, or the South Korean nuclear power plants at Yongbyon and Punggye-ri.
Matherss says the U,S.
and other countries have been taking advantage of technology advancements to produce plants that are less expensive than they used to be.
Nuclear energy also is becoming a better option for the developing world because it’s cheaper than fossil fuels, he says.
But Mather says there are still a lot of hurdles for nuclear power in the United.
The U.N. and international community have been trying to make sure nuclear energy is a low-carbon option.
But Mather says there are also environmental concerns and safety concerns about nuclear power.
Mathering says the cost of nuclear reactors is high, and it can take years before they’re ready for commercial deployment.
Nuclear power has also become more expensive to build and operate in recent years.
Mainsource’s Nuclear Power Institute said last year that the cost per kilowatt-hour (kWh) of a reactor has gone up nearly 70 percent over the last decade, compared to the previous 10 years.
On top of that, nuclear power also has higher operating costs than other types of power plants, including coal-fired plants.
The price of a nuclear plant has been going up since the 1960s, when the U