New Nuclear

A study by Professor Arnulf Grubler, a senior researcher at the International Institute for Applied Systems Analysis, based in Laxenburg, Austria, ( joint editor of Energy Technology Innovation: Learning from Historical Successes and Failures (Cambridge University Press, 2014.), reviews the history and the economics of the French PWR programme, the most extensive nuclear-scale up experience in an industrialized country. Its most significant finding is that even this most successful nuclear scale-up was characterized by a substantial escalation of real-term construction costs, according to Prof. Grubler, who concludes “The French nuclear case illustrates the perils of the assumption of robust learning effects resulting in lowered costs over time in the scale-up of large-scale, complex new energy supply technologies.” The two French designed and built reactors, of the same design planned for Hinkley C in Somerset by EDF Energy, one at Olkiluoto in Finland and the second at Flamanville in France, developed since this study are both catastrophically over cost and very late being completed. Will EDF never learn that nuclear doesn’t pay? ( unless the British taxpayer does in substantial multi-billion pound subsidies).

David Lowry’s Blog 13th June 2018 read more »

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Published: 14 June 2018