this post was submitted on 18 Jun 2024
38 points (100.0% liked)

Australia

3650 readers
88 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @[email protected] who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @[email protected] and @[email protected]

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
38
Coalition announces where they want to build nuclear power stations (www.theguardian.com)
submitted 6 months ago* (last edited 6 months ago) by [email protected] to c/[email protected]
20 comments fedilink hide all child comments
 

"Peter Dutton has called a press conference for 10am, so it is all official – nuclear is go.

The Coalition teleconference meeting has wrapped up, and the seven sites have been named and it is as we thought: Collie in Western Australia, Mt Piper and Liddell in New South Wales, Callide and Tarong in Queensland, Northern Energy in South Australia and Loy Yang in Victoria."

"There are already issues being identified with the sites – first, the sites would need to be purchased from private operators. There will need to be some pretty major changes to legislation, both state and federally. The Queensland LNP, as recently as yesterday, said it would not lift the nuclear ban for the state, which is a problem given two Queensland reactor sites have been identified by Dutton’s team.

Tarong in Queensland is a particular issue as it doesn’t have a secure water source. In 2006, then-premier Peter Beattie had to propose a waste water pipeline as a last ditch measure to save the plant during a drought."

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 6 months ago (1 children)

Okay that's good, spaces for hydro storage isn't an issue.

The only problems/questions left are:

  • Are the spaces spread out in the right areas, and can they be chosen in the right combination that won't lead to problems down the line? (I think that's beyond the scope of that document, but we'll assume it is all good for now)
  • Time (let's just assume it's faster to get it all built than nuclear so we can examine hydro storage more)
  • Cost. Looking at the link I find:

Thus, the expected cost of a 1,000 megawatt pumped hydro energy storage system with a head of 600 m and 14 hours of storage is about $1.8 billion.

1000 MW = 1GW : $1.8B

And your quote says we need 450 GWh of storage.

So 450 x 1.8 = $810B

(I'm assuming I haven't made a mistake about the 14 hours of storage and the converting between GW and GWh).

Our current GDP is 1.6 trillion.

So we could do it, but it would cost us half of our GDP for one year (but we'd be spreading it out over multiple years).

I'm assuming economies of scale would come into effect, but how much more efficient can you be at making and pouring concrete.

I haven't found any source on the fiscal cost of the Coalition's plan (I doubt they even know, and I suspect that they're just trying to extend the life of coal by relying on delays), but it begs the question:

Would their seven proposed nuclear stations be cheaper than $810 Billion?

[–] [email protected] 2 points 6 months ago* (last edited 6 months ago)

So 450 x 1.8 = $810B

(I’m assuming I haven’t made a mistake about the 14 hours of storage and the converting between GW and GWh).

You have, that $1.8B would get 14GWh, not 1.
So 450 / 14 = 32.2
32.2 * 1.8 = $57.96B

These are all back of the envelope numbers of course, but 58 is ~ 14 times less than 810.

Would their seven proposed nuclear stations be cheaper than $810 Billion?

https://www.abc.net.au/news/2024-05-22/nuclear-power-double-the-cost-of-renewables/103868728

CSIRO has cranked these numbers out in a whole bunch of configurations.

In short: Australia's leading scientific organisation found it would cost at least $8.5 billion to build a large-scale nuclear power plant in the country.

8.5 * 7 = $59.5B

So it's within the ballpark to build 7 nuclear powerplants, compared to 33 (more likely less but bigger) off river pumped hydro locations.

Which don't cost as much to run, have no "scary" nuclear and can be operable much sooner, integrating with the existing infrastructure (instead of replacing it, as Nuclear effectively would have to).

If we build even one Nuclear power plant, we're going to see continuing solar and wind curtailment, exactly like they do with coal right now - which will effectively set an expensive floor on power prices.

Nuclear isn't happening if we follow the science, the money and the NIMBY sentiment.

Edit to add:
The BIGGEST difference in my mind is where the money will come from.
No financial institution will touch Nuclear, it would have to be tax dollars.
Whilst private companies are always angling for government subsidy, they are also clamouring to invest in this themselves.

A quick google search gives me a private example that is projected to come online this year: https://genexpower.com.au/250mw-kidston-pumped-storage-hydro-project/

It's only 2GWh, but it's going to start contributing to the end of coal by the end of this year, which ignoring the environmental benefit, is going to reduce wholesale power prices.

Waiting for Nuclear will make power prices worse, as the interim calls for continuing to run the coal and gas, which isn't going to make it 15 years, so new coal (or more likely a buttload more gas) will have to be built.
Which is going to RAISE prices, as it's no longer just running costs on paid off installations, it's repaying loans on new constructions.