#EnergyPoverty. One pound of uranium ($48) has enough thermal energy to power the average North American's total energy consumption (100% all forms of energy consumed)--for 100 years. Fission releases 6 orders of magnitude more useful energy than combustion.
New nuclear power plants can't get financing because the power buyers need them to shut down whenever the Wind is Blowing. We live in the Second Age of Sail. Absurdities abound.
Nuclear power produces orders of magnitude more Useful Energy with orders of magnitude fewer material inputs, than any engine ever devised by humans.
So much so, that nuclear power has no natural constituency but there are many natural constituencies against it. open.substack.com/pub/bfrandall/…
One of the biggest problems with investing in new baseload resources are the out-of-control market distortions caused by wind - solar politics. open.substack.com/pub/bfrandall/…
This leaves us with Floober (random Uber) that's backed up by a now highly-inefficient Uber service that must curtail (but still be available on standby--who pays for that?) in case the wind stops blowing. open.substack.com/pub/bfrandall/…
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CHAOS: Unpredictable. Random. Variable. Unreliable. Chance. Uncertain. High-Entropy. Disordered. Capricious. Volatile. Inconstant. Aberrant. Haphazard. The Second Law of Thermodynamics.
The electric grid is a wonder of collective human invention, creativitivity, efficiency, and collective effort--from Edison to Tesla to my own Croatian ancestors who came to Butte, Montana to mine copper. Electrification transformed the world.
The electric grids that we share provide on-demand service. If you have not seen Professor Ruzic's (@EnergyProf) magnificient lecture, everybody on the planet should see it (I've posted a playlist of his lectures on my substack):
Introducing Spertz Solar Rental Cars. Now available - our Sustainable, Renewable, Net Zero Fleet (taxpayer-funded) is growing!
Don't worry about reliability! For every Solar Car, we have a back-up fleet of gasoline-powered cars in reserve, waiting around in case it gets cloudy or if the sun goes down. We will have one of our reserve drivers deliver your backup car on demand.
Now, how much more do you suppose Spertz service would cost than Hertz? Same thing - 300% more fossil-fuel power plants spinning around, not being used. Wind & Solar Rube Goldberg Machines are More Absurd than Spertz Rental Car Service. utilitydive.com/news/new-engla…
Ever heard of the “Capacity Market?” It’s Greenwashing for the additional costs incurred by ratepayers pay so that Wind & Solar Rube Goldberg Machines have On Call Service Coal-Nuclear-Gas-Hydro. OCS is pricey! learn.pjm.com/three-prioriti…
The cost of having a generator at the ready but producing nothing is almost as high as having the generator actually operating. Some would argue that the cost is actually higher due to extra wear-and-tear and other inefficiencies such as the generator’s own supply chain.
No matter the economic structure, wind and solar, on scale, compete directly with baseload - WHEN the wind blows. Energy 2022 = The Second Age of Sail. Who eats curtailment? Uranium is dirt cheap so we don’t save fuel.
Nuclear - Wind-Solar are, economically, mutually exclusive. Germany wrecked 17 nuclear reactors because €20/MHh firm power was curtailing wind - when the wind was blowing. So they went full Rube Goldberg. Which system eats curtailment WHEN the wind blows?
Energy project finance hates uncertainty. Imagine applying for a huge loan.
Bank: “What’s your revenue?”
You: “Well, that depends on the weather. If the wind is blowing, 0. If it’s not blowing, we make $.”
Bank: Nice try. How about 37% interest?
Mutual Exclusivity: Two things that cannot exist at the same time due to any one of a variety of factors. Choose one: (a) Wind + Solar; or (b) nuclear power.
Energy analysts - "S&P Global Ratings’ senior director of ratings Aneesh Prabhu and several colleagues, including analyst Michael Ferguson, looked at the current state of the IPPs, as they are known." spglobal.com/en/research-in…
Kingston: "The growth in renewables is misleading when you look at the numbers. Renewables as a percentage of total power generation has not risen by a huge amount, but at times, it can provide an enormous percentage of power to a specific grid."
If you ever wonder why we are short on Diesel Fuel (and why it's so costly) and why we are swimming in Petrol (and why it is going down in cost during high inflation), remember: No diesel-no mining-no minerals-no EV batteries & charging + every 1 gallon of diesel makes 3 g petrol
Oh yea--forgot to mention: No diesel-no food. I'm really confused what EV policy is trying to accomplish because it's just producing a whole lot of extra, cheap gasoline and burning up all the diesel fuel. While promising to save...gasoline.