this post was submitted on 17 Nov 2023
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Solar now being the cheapest energy source made its rounds on Lemmy some weeks ago, if I remember correctly. I just found this graphic and felt it was worth sharing independently.

Source: https://ourworldindata.org/cheap-renewables-growth

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[–] [email protected] -2 points 1 year ago (1 children)

The reason we don't build nuclear power plants anymore (including small modular), is because they're insanely expensive, produce only a small amount of power compared to you can produce with renewables, and always come with cost overruns. Nuclear power is the techsploitation of of tbe 60's and 70's. Most governments look at the economics now and realize they can do solar plus storage for a fraction of the immediate and long term cost.

[–] [email protected] 2 points 1 year ago (1 children)

I wonder if fusion will ever be competitive with photovoltaic at this rate. There will still be decades for solar prices to drop.

[–] [email protected] -1 points 1 year ago

At some point decades from now maybe? I still think nuclear and fusion research are important for human civilization, I just think it's stupid to waste money on building power plants using nuclear technology in its current state.