Nuclear energy proponents drone on about the advantages of the Next Gen reactors. People should realize that the long list of advantages to that technology does not apply to any ONE technology, but rather, to a collection of different technologies that would not be part of any one reactor. So, there’s that. But now, we have one of the Great Breakthroughs evaporating even without that particular bit of smoke and mirrors being … cleared up and fogged over? Whatever. Anyway, here’s the story from MIT
Transatomic Power, an MIT spinout … is shutting down almost two years after the firm backtracked on bold claims for its design of a molten-salt reactor….
Transatomic had claimed its technology could generate electricity 75 times more efficiently than conventional light-water reactors, and run on their spent nuclear fuel. But in a white paper published in late 2016, it backed off the latter claim entirely and revised the 75 times figure to “more than twice,”…
[This] made it harder to raise the necessary additional funding, which was around $15 million. “We weren’t able to scale up the company rapidly enough to build a reactor in a reasonable time frame,” Dewan says.
So, no there isn’t really a reactor that will use up spent fuel and provide energy so cheap we won’t have to meter it.
Here is one of the articles that originally came out extolling the new technology’s virtues. I link to it here so you know what bullshit looks like.
I hope you’re not suggesting that this 2015 failure by Transatomic invalidates the potential of all Gen-IV reactor designs.
https://atomicinsights.com/fission-heated-gas-turbines-address-mit-future-of-nuclear-challenges-easier-straighter-less-costly-path/
I could say much the same about various studies published by well-known proponents of 100% renewables but I won’t because I don’t think it’s useful.
Given the scale of the challenge of deep decarbonisation, rhetoric aimed by one camp at the other isn’t just unhelpful at this point, it’s dangerous.
Further discussion:
MIT Technology Review: Relying on renewables alone significantly inflates the cost of overhauling energy:
https://www.technologyreview.com/s/610366/relying-on-renewables-alone-would-significantly-raise-the-cost-of-overhauling-the-energy/
BBD, I may have asked you before, but do you disagree with any of this?
https://spectrum.ieee.org/energy/renewables/what-it-would-really-take-to-reverse-climate-change
MikeN
First, I’d have to question the premise:
That’s the false equivalence between $/MWh from low carbon generation tech and the $/MWh from a coal plant – ignoring the externalised cost of coal (climate change, particulate air pollution). But yes, the cost of energy will probably have to increase.
K&F don’t quantify in this article what this means:
The rate of CO2ppm increase is driven by emissions (we’ll ignore carbon cycle feedbacks for peace of mind), so the hint at the assumptions underlying the scenario is useful:
Which is why scaling energy storage with VRE is vital. Gas really is a bridge to nowhere.
Until you invest in HVDC transmission capacity that connects the W&S resources to high demand centres. Which again adds to the cost of a transition to renewables and returns the focus to the false equivalence between $/MWh from low carbon generation tech and the $/MWh from a coal plant – ignoring the externalised cost of coal.
It does seem likely that the degree of failure to avoid climate impacts is the future. We’re going to hurt, but how much depends on what happens next. Which is why apples and oranges cost comparisons between FFs and low carbon tech – including nuclear – are not a constructive way of thinking about the energy problem.
I’d agree with all of that.
@MikeN
I answered your question. At length. So… ?
Some positive stories about nuclear power in the press lately:
http://time.com/5547063/hans-blix-nuclear-energy-environment/
https://theweek.com/articles/827690/nuclear-necessity
https://oilprice.com/Alternative-Energy/Nuclear-Power/Should-We-Rethink-Nuclear-Power.html
https://www.forbes.com/sites/michaelshellenberger/2019/03/11/it-sounds-crazy-but-fukushima-chernobyl-and-three-mile-island-show-why-nuclear-is-inherently-safe/#5da2c1171688