OK - I've been a fan of nuclear since you guys spent all that time with me learning the basics back in 2010? Forever ago.
But now that we're here in 2023 there's a few things to note.
Renewables have been on a economies-of-scale cost reduction to ridiculously low price. We used to ask how to do a 100% grid - and winter was a terrible bottleneck! It looked like you had to store power for
months just to get through winter.Then as news of the price reductions got out and solar was 10% the cost of over a decade ago - I started to see a new trend in renewables papers.
Massive OVERBUILD. That is, if winter halves your renewables output, then double your renewables! Don't even try 100% - do 200%!
The modelling shows with enough HVDC transmission around Australia, and with decent overbuild, most places can get by with 2 days storage from off-river pumped hydro. If one spot has a really bad week in winter and uses up their 2 days, they can start to borrow storage from other places. There are all sorts of questions around this OVERBUILD strategy - but a number of independent models are starting to come together and say the same thing. But there might be reasons to attack these models - but this idea that there isn't enough land just needs to die!
Consider - if we cover HALF the world’s rooftops with solar, it would provide all today’s electricity needs.
theconversation.com/solar-panels-on-half-the-worlds-roofs-could-meet-its-entire-electricity-demand-new-research-169302 Cover ALL the world’s rooftops and you’ve got enough to electrify transport and industry. Singapore's Dr. Thomas Reindl points out that floating solar panels on just a tenth of human made fresh-water reservoirs is ALL today's electricity use. The solar panels reduce evaporation of our precious fresh water, and the water keeps the solar cool and efficient. If we cover ALL our water reservoirs it is 10 TIMES today's electricity!
youtu.be/2hwpXCjmkRo So ALL our rooftops and ALL our water reserves would be 12 TIMES today’s electricity use. (And I haven’t even mentioned off-shore wind yet.) Even Japan with their huge population and tiny islands can power themselves 14 times over. Indonesia can float enough solar in their calm oceans to power THE WORLD. This myth that solar and wind will take up too much land just needs to die - and it stinks of fear from big oil.
I'm still a fan of nuclear but Lazard says renewables are 1/4 the cost of nuclear. That's plenty of room for overbuild in Australia - even if as Professor Andrew Blakers says 15% of the cost is storage, 15% is transmission - and the other 70% is wind and solar. It's just so cheap! By the end of the year solar could be 1/5 the cost of nuclear per kwh. AND I KNOW that's not the same as baseload - but that's the raw data we feed into the models that calculate it all based on Australia's weather over the last 40 years. (Griffith's Uni does this.) It still comes up around $70 per mwh - but could be heading down cheaper and cheaper.