Sir_Osis_of_Liver

Sir_Osis_of_Liver t1_iz39ixw wrote

The initial budget for Hinkley Point C was £16B. With the latest cost overrun announcement, the price is now expected to come in around £26B, as operations have been pushed back to 2027 at the earliest. And that's for a minimum strike price of £106/MWh in 2021 (the contract strike price is indexed to inflation). In comparison, the strike price from wind can be as low as £40/MWh.

Under the amended terms of the contract, delivery could be pushed back as far as 2036.

The project is in little better shape than the EDF projects at Taishan, Flamanville or Olkiluoto.

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Sir_Osis_of_Liver t1_ir9zeye wrote

Your first point is almost universally glossed over in reporting, especially in the big media outlets.

I always get a chuckle out of these articles. We've been building fission reactors for almost 70 years and can't build them economically, and they just use hot sticks to heat water.

Now they're working on suspending a plasma stream using super conductors and magnets, then somehow extract the energy to heat water. Even if they get to the point of having a stable, sustainable reaction, the economics are going to be terrible.

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