The high cost of adopting small modular reactors makes them financially impractical and unachievable.
71 compact modular reactors would be required to replace the 21 gigatonnes of coal-fired power on Australia’s grid.
CANBERRA: Replacing Australia’s coal-fired power stations with small modular nuclear power reactors would cost A$387 billion , according to climate change and energy minister Chris Bowen. The high cost makes such a transition, advocated by the country’s opposition, a “unicorn and a fantasy”, Bowen said on ABC Radio National Monday.
Australia would need 71 small modular reactors to replace the 21 gigawatts of coal-fired power in the system, he said, discussing analysis from the Climate Change Department. “I can’t think of a worse fit for Australia than nuclear power,” Bowen said. Backers of small modular reactors include Bill Gates and Warren Buffett, though there’s currently only a handful of operating plants and key developers have recently flagged cost challenges.
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