Moxi wrote: ↑Wed Nov 08, 2023 8:50 am
Interesting numbers Mart, thanks for setting out the variables as an indication of complexity, in general terms though it really does under pin what I think many of us instinctively know. Nuclear power is not cheap, far from it, for example its not clear from the costs quoted, on various sites, for Hinkley what inclusions are made for fuel reprocessing and disposal, presumably being a French state owned company the fuel reprocessing, and long term storage and disposal will all be at Le Hague? It would be interesting to know the fraction for this service as a component of the the cost per MWh.
So if nuclear power is expensive I wonder how few of them we really need to be able to scrape through when the wind doesn't blow and the sun doesn't shine and the cheaper battery storage is exhausted.
Would three stations and circa 10GW do it ?
Moxi
Sorry it turned into a giant waffle, but every sentence I typed resulted in two more problems / caveats popping up, like a giant game of whack-a-mole, with ever more moles.
I'm going to stick my neck out, and suggest no nuclear is needed, but this does require two massive points of contention.
First, I have no issues with 10-20GW of battery storage, as it's really not as much as it may at first sound, especially with all of the additional income streams available, such as firm frequency response, peaker services. And if co-located or co-invested with RE, it also helps to firm up a minimum price for RE, when generation is good, by adding a large market. It should also trim down peak prices, so be a good investment for leccy customers too.
But, whilst I talk about longer term storage, I'm aware that we need to see it on a larger and more economical scale, before we can rely on it as a 1 to 20 day(?) alternative to nuclear. Apparently the UK has around 2,000TWh+ of viable storage for CAES/H2, but whether or not we can make 20TWh* output economical, I don't know. But both forms of storage are rolling out, around the world, albeit on small scale. Also important is if the CAES can be 50-60% efficient, which would be excellent. H2 via a gas generator or fuel cell can be 60% efficient, but I'm not sure what the overall efficiency would be when including electrolysis, compression etc.
*20TWh is not an official figure, just my thoughts based on 3TWh per day for a week in the winter. We currently use a little less than 1TWh per day on average, but demand long term could double, and there will be a winter bias/weighting due to heating. Eventually we may need ~50TWh?
Second point, is the continued use of FF gas, which may shock surprise many. But, for 2030 (before leccy demand has grown significantly) we are looking at potentially 20GW of interconnectors, 20GW of storage, and have about 20GW of gas CCGT's. That would get us through RE shortfalls, and even 4hrs of storage might be adequate at that point, to cover the roughly 4hr peak demand period.
I know it sounds weird, but if using gas as a fallback, in very large amounts (power), but for short periods (energy), to get us to a net zero future, faster and cheaper than deploying new nuclear, it may be better. The annual amount of gas generation would keep falling, and hopefully be 10% and falling by 2030. Bear in mind that no new nuclear, other than HPC, will come on line till 2035+, so directing the nuclear investment into RE and storage, may be cheaper, and displace the FF gas element faster. [My thoughts, not verifiable facts, whatsoever, yet.]
I'd suggest that SZC, if approved today, and on-line by 2035, won't really displace FF's, but would instead, by then, be going head to head with RE and storage, so it's an economic argument, not AGW issue, I think? If I'm right, then lifting the AGW concern, makes it much easier for us to focus on nuclear costs, decommissioning, storage etc.
Damn, this was supposed to be short too!