IEEFA.org Profile picture
Feb 17 9 tweets 6 min read
Too late, too expensive, too risky and too uncertain. That, in a nutshell, describes NuScale’s planned small modular reactor project. 🧵(1/9) #nuclear #energytwitter #nuclearcosts
Communities and utilities are being lured to buy electricity from NuScale’s planned #nuclear reactor at the promise of a relatively low price of $58/MWh. But that’s only an estimate—and a flawed one at that. via @pfannyyy (2/9) postregister.com/news/inl/easte…
The #UAMPS power sales agreement for this nuclear project is essentially a blank check. Buyers who stick with the project will be on the hook for the actual costs and expenses of building and operating the reactor, which we predict will far exceed $58/MWh. @SmartEnergy1 (3/9)
NuScale claims it will be able to complete the #nuclear-related construction quickly and cheaply due to modularization. But this claim has been made by other power companies, and it hasn’t stacked up to reality. via @SmithRebecca (4/9) wsj.com/articles/pre-f…
Georgia Power Company made similar claims about modularization reducing the cost of the Vogtle 3 and 4 #nuclear reactors currently under construction in Georgia. But that project’s cost has increased by 140% since construction began in 2012. (5/9)
NuScale claims that the nuclear construction at its first SMR will be completed in less than 36 months. However, other recently built #nuclear plants have taken between 103 and 113 months to complete. (6/9)
NuScale faces an impossible task: its nuclear project must achieve a 95% capacity factor for power to remain cheap. At the same time, it must live up to promises of flexibility. If the project is ramping up and down, it can’t consistently maintain a 95% capacity factor. (7/9)
No matter how you cut it, the price of power from this #nuclear project will be higher—perhaps much higher—than the estimated target price of $58/MWh. And much higher than already existing alternatives from #renewables. (8/9)
More in our latest report from David Schlissel and @djwamsted. (9/9) ieefa.org/smr/

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with IEEFA.org

IEEFA.org Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ieefa_institute

Nov 2, 2021
Global oil majors are back in the black—but for how long?

Something is different about this #oilprice spike. Instead of rushing to drill, oil companies are cutting their capex, reducing debt and paying more to shareholders.

What’s going on here? 🧵
Former sources of value have become vehicles for destroying value. Investors—and, we suspect, even company management—understand that more drilling and expensive acquisitions are a bad bet.
High oil prices mean renewable energy, EVs and the variety of industrial moves to decarbonize are incentivized. Even volatility, the short-term problem caused by rising prices, is sufficient to drive calls for more rapid adoption of alternative fuels. ieefa.org/ieefa-u-s-pric…
Read 7 tweets
Oct 28, 2021
Carbon capture and sequestration (or CCS) is being touted by some as a potential solution for #decarbonization in industries like cement and steelmaking. But how promising of a solution is it? A deep dive 🧵
There is only limited experience with CCS at industrial facilities beyond gas processing. Only one steel mill in the entire world (and no cement plants), capture CO2. Little info is available about how much they capture, and key info about cost and reliability is missing. Image
Only 3 of 26 CCS projects currently operating in the world have reported any information that would allow their “capture rates” to be determined. Without this information, it’s impossible to show that any existing CCS projects are economically, financially or technically viable.
Read 12 tweets
Sep 22, 2021
Harvard’s decision to #divest its $40 plus billion endowment fund from fossil fuels is a precedent-setting event that warrants the attention of decisionmakers globally. Here’s why. 🧵
With help from @Climate_Defense, @DivestHarvard students did something that hasn’t been done before: filed a complaint with @MassAGO, arguing that Harvard’s investments in fossil fuels runs afoul of the university’s charitable mission. via @emilypont grist.org/climate-energy…
The complaint continued that the failure of Harvard to divest may be seen as a violation of the law. The issue needed to be vetted using the investigative resources of the @MassAGO. via @thecrimson thecrimson.com/article/2021/5…
Read 9 tweets
Jun 14, 2021
Around the world, we're seeing momentum towards #netzero pick up speed says @MLiebreich. Countries are turning commitments into formal contributions. #IEEFA2021
Are we in a world where countries are meeting their #netzero pledges—or a world in which promises are empty and nothing's being done? We'll look at that question says @MLiebreich. #IEEFA2021
We are at or near peak emissions says @MLiebreich. #IEEFA2021
Read 17 tweets
Jun 14, 2021
Today's the day! #IEEFA2021 kicks off online at 1 p.m. ET.
Tomorrow, we're looking at the implications for U.S. communities as the pace of coal plant closures quickens. #IEEFA2021
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

:(