Bill Gates-backed nuclear contender Terra Power aims to build dozens of UK reactors::A Bill Gates-backed clean energy player is hoping to build dozens of nuclear reactors in the UK and will compete with global rivals.
We need to compare the cost of nuclear against firm renewables, including storage (developing technology) and long-distance transmission (location-dependent political/technical challenges).
Comparing against coal and gas is meaningless unless we include the atmospheric cleanup costs.
In places where this has been studied extensively renewables with storage are still the cheapest by a long way. Australia has the whole state of South Australia (plus Tasmania) as a test case. SA has transitioned to almost 100% renewable supply in under a decade.
We have a cost effective, distributed, redundant, easy to build solution. SMRs are not proven in cost or reliability. They should be studied and trialed, but not at the expense of acting responsibly today.
