No negative? So bullish are we? Or is this bearish in earnings?
06) 1.66 to 1.98% Stompix
Oh, and do I have to mention this stuff, if I....LMAO, LOL...win,
just add it to the next game!
Now going back a bit:
There is one interesting research paper by Derek Abbott named "Is Nuclear Power Globally Scalable?", the paper is fun to read and it answers this question in depth, key points taken from the research paper are:
1- Location problems:
Nuclear power plants need roughly 20km square and is location sensitive, it needs to be close to the water "river, sea oceans" and yet far from populated areas, not so many locations with such properties.
2- Replacement:
It takes 6-12 years to build a nuclear power plant with a service life of 50 years on average, and it takes about 20 years to to decommission it, which puts more weight on the first point (you need more places to sustain it)
Mikey, I don't know where he got his data from but this is pretty inaccurate.
Random Nuclear powerplant:
big one is 20sqm, little one the actual plant is 2 skm
Even a behemoth like Bruce is barely 5 sq km and we don't need a hundred thousand of them, 400 reactors (not plants) provide 10% of the needed electricity, 17% comes from hydro so for going to 100% with no fossil and 24/7 availability you would only need some 700 locations in 140 countries...and if you can already fit 7 in Belgium and 6 in the Czech republic I think there is enough space in all the world!
As for the years, again looking at Bruce CANDU reactors:
Commercial operation: 18 January 1979, Closure (2064), so 85 years rather than 50.
The 30-50 years was for things built in the 50s, newer plants can easily do 70 years even with an extension, which of course would include shutting down and a ton of maintenance but is still doable!