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Myth or Fact: Nuclear is Expensive

Myth or Fact

Is Nuclear Too Expensive?

FACT: The cost of nuclear in the US is rising BUT the cost of nuclear is falling outside of the US. It isn’t be cause of labor costs, it is economies-of-scale. Case in point: Korea is leading the way in building cheaper nuclear power plants, using smaller and modular designs. They are assembling modules in shipyards and eliminating expensive custom parts by building parts at scale. It creates jobs, creates a base of skilled nuclear workers and improves safety.

Want to know more? There is a video explainer down below. Here are also few articles to get you started:

1. https://energy.mit.edu/wp-content/uploads/2018/09/The-Future-of-Nuclear-Energy-in-a-Carbon-Constrained-World.pdf

2. https://www.sciencedirect.com/science/article/pii/S0301421516300106

3. https://www-cdn.law.stanford.edu/wp-content/uploads/2016/06/A-reply-to-Historical-construction-costs-of-global-nuclear-power-reactors.pdf

Myth or Fact: Is nuclear more expensive?

All Myth or Fact: Renewables are replacing retiring nuclear power plants Myth or Fact: Electric vehicles (EV) batteries can't be recycled Myth or Fact: Electric vehicles are not green Myth or Fact: Renewables are enough to power the world Myth or Fact: Clean Coal Myth or Fact: Coal Industry is a Major Employer Myth or Fact: Coal is Profitable Myth or Fact: Coal is the Most Powerful Source of Energy Myth or Fact: Natural Gas is Clean Myth or Fact: Oil Drilling is Pollution Free Myth or Fact: Fossil Fuel Production is Not Subsidized Myth or Fact: Global Energy Use Leveling Out Myth or Fact: Nuclear is Expensive Myth or Fact: Nuclear is Not Safe

Myth or Fact: Renewables are replacing retiring nuclear power plants Myth or Fact: Electric vehicles (EV) batteries can't be recycled Myth or Fact: Electric vehicles are not green Myth or Fact: Renewables are enough to power the world Myth or Fact: Clean Coal Myth or Fact: Coal Industry is a Major Employer Myth or Fact: Coal is Profitable Myth or Fact: Coal is the Most Powerful Source of Energy Myth or Fact: Natural Gas is Clean Myth or Fact: Oil Drilling is Pollution Free Myth or Fact: Fossil Fuel Production is Not Subsidized Myth or Fact: Global Energy Use Leveling Out Myth or Fact: Nuclear is Expensive Myth or Fact: Nuclear is Not Safe