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Started By
Message
1
Posted on 5/14/23 at 1:21 pm to billjamin
quote:
Looks like a bunch of loans and grants. It’ll be interesting to see how many companies get freebies off this.
Isn't it all "loans and grants?"
When I worked at a defense contractor and we were competing for the replacement of a military vehicle, we had a small grant for R&D and the delivery of certain number of vehicles for testing.
Posted on 5/14/23 at 1:23 pm to bad93ex
They and I’m sure paid handsomely for the dev and prototypes.
Posted on 5/14/23 at 1:30 pm to billjamin
You need me to break it down to you how a nuke generating 1600 megawatts with very little fuel cost is more profitable than a process that it takes 2.5 years of income to replace 3 blades? (God forbid you have to work on the generator, that would bankrupt then entire life of income)
Posted on 5/14/23 at 1:38 pm to nugget
quote:
You need me to break it down to you how a nuke generating 1600 megawatts with very little fuel cost is more profitable than a process that it takes 2.5 years of income to replace 3 blades? (God forbid you have to work on the generator, that would bankrupt then entire l
Let’s see. Monstrous capex and associated CoC up front. Crazy high O&M. Insurance costs alone are insane. Legal fees because you’re going to get sued every other day. How could anything ever compete with that
btw do you know the difference in the nuclear and wind subsidy?
Posted on 5/14/23 at 1:59 pm to RealDawg
It’s ok to want alternative sources of energy while also wanting the oil/gas/coal industry to thrive baw
Posted on 5/14/23 at 2:14 pm to billjamin
quote:
Crazy high O&M. Insurance costs alone are insane. Legal fees because you’re going to get sued every other day.
How much of this is self-inflicted and could possibly be done away with congressional/executive action?
Posted on 5/14/23 at 2:28 pm to bad93ex
quote:
How much of this is self-inflicted and could possibly be done away with congressional/executive action?
Not as much as you think unless we’re talking about giving them immunity and deregulating. I’m no fan of over-regulation, but I’m not cool with nuke plans doing whatever they want and getting cheap when the big boss needs a bonus.
Posted on 5/14/23 at 2:54 pm to billjamin
quote:
Not as much as you think unless we’re talking about giving them immunity and deregulating.
I don't think anyone wants Covid Vaccine 2.0 but there has to be a way to "streamline" nuclear facility permits.
Posted on 5/14/23 at 2:57 pm to bad93ex
quote:
I don't think anyone wants Covid Vaccine 2.0 but there has to be a way to "streamline" nuclear facility permits.
Yeah it’s a pain in the arse. Not really an huge expense in the scheme but it delays projects and that makes investors squirrelly. The bigger issues is all the litigation. These projects get bent over as soon as the locals hear about it. They just get burned in legal fees before you can even start congestion surveys, design, etc..
Posted on 5/14/23 at 3:01 pm to RealDawg
OP something, something, something cement
Thanks for sharing
don't forget to take your meds
Thanks for sharing
don't forget to take your meds
Posted on 5/14/23 at 3:08 pm to billjamin
quote:
Yeah it’s a pain in the arse.
Major
quote:
Not really an huge expense in the scheme but it delays projects and that makes investors squirrelly.
Time is money.
quote:
The bigger issues is all the litigation.
This is within the wheelhouse of the legislative/executive branch. Could this approach potentially be sandbagged by politicians making cash hand over fist with the current infatuation with "renewables?"
quote:
These projects get bent over as soon as the locals hear about it.
This is an issue across the board regardless of project. Martha's Vineyard folks absolutely do not want any windmills off of their coast.
quote:
They just get burned in legal fees before you can even start congestion surveys, design, etc..
Again, back to legislative/executive branch maneuvering this minefield in order to find the best path forward for the good of the country and it's citizens.
Posted on 5/14/23 at 3:14 pm to bad93ex
quote:
politicians making cash hand over fist with the current infatuation with "renewables?"
If so I think we’ll see a shift to them pushing these through with the PTC directing a ton of money in.
quote:
This is an issue across the board regardless of project. Martha's Vineyard folks absolutely do not want any windmills off of their coast.
It happens in west Texas too. The neighbor to a wind farm is 100% going to sue. It’s just a little different with the nuke projects get a whole town vs rancher bob and his flat rate sue anyone for $5,000 Abilene attorney. ETA rancher bob and his Abilene attorney are not a fictional characters but ones I actually consulted on.
quote:yeah I’ve always though there should be something done. And it pains me to say that because I hate the government being involved in anything but some reform on that would be a big deal especially with the new small reactors. That’s going to be a lot of fighting. Lawyer stacked. Electricity customers fricked.
Again, back to legislative/executive branch maneuvering this minefield in order to find the best path forward for the good of the country and it's citizens.
This post was edited on 5/14/23 at 3:16 pm
Posted on 5/14/23 at 3:24 pm to billjamin
quote:
If so I think we’ll see a shift to them pushing these through with the PTC directing a ton of money in.
What is the PTC?
quote:
It happens in west Texas too. The neighbor to a wind farm is 100% going to sue. It’s just a little different with the nuke projects get a whole town vs rancher bob and his flat rate sue anyone for $5,000 Abilene attorney.
I believe it, they're fighting against Wind Turbine installation in North Central Wisconsin as well.
quote:
yeah I’ve always though there should be something done. And it pains me to say that because I hate the government being involved in anything but some reform on that would be a big deal especially with the new small reactors. That’s going to be a lot of fighting. Lawyer stacked. Electricity customers fricked.
I agree in your approach but there are times when the government does need to step in and help "guide" the movement. The new "micro reactors" can be an absolute boon for energy throughout the civilized world but there will be another massive crossroads in the future.
Posted on 5/14/23 at 3:30 pm to bad93ex
quote:
What is the PTC?
Production tax credit. It’s a new nuclear subsidy in the IRA. It’s mechanics are almost identical to the current wind PTC (that’s a bit of an assumption since official guidance still isn’t out)
quote:
I agree in your approach but there are times when the government does need to step in and help "guide" the movement. The new "micro reactors" can be an absolute boon for energy throughout the civilized world but there will be another massive crossroads in the future.
Yeah, they’ll have to do something. Or maybe society will better understand it…..
Posted on 5/14/23 at 3:39 pm to billjamin
quote:
It’s a new nuclear subsidy in the IRA.
Is the PTC enough of an incentive for companies to battle through for the permitting? Is anyone taking the bait? Just curious if it is enough to get nuclear energy rolling again here in the States.
quote:
Yeah, they’ll have to do something.
It really does have me excited since it seems that the DoD has been playing with these new reactors for an extensive period of time.
quote:
Or maybe society will better understand it,
Depends on the society
Posted on 5/14/23 at 3:43 pm to bad93ex
quote:
Is the PTC enough of an incentive for companies to battle through for the permitting? Is anyone taking the bait? Just curious if it is enough to get nuclear energy rolling again here in the States.
Yeah there’s been a ton of activity. All the big institutional investors (think pension funds and insurance companies) have enjoyed solid returns from diversifying their investments across the energy sector and that’s pushing a lot interest. Also, all those companies hate paying taxes so they want to be able to put their money to work and get the tax benefit. They’ve been doing this same type of stuff for solar and wind and it works really well.
Posted on 5/14/23 at 3:46 pm to billjamin
quote:
Yeah there’s been a ton of activity.
I know there was some talk of Bill Gates being involved in sodium-cooled reactors out in the West but that was before the IRA was announced. Is the news of that being closely guarded or is it just taking an incredibly long time to get moving?
Posted on 5/14/23 at 3:53 pm to bad93ex
I’m sure there was typical politicking and lobbying. It’s always a bit of a shite show when they’re writing all this crap. One day it’s direct pay, next it’s a credit, now it’s transferable, but only to some people, not that one because reasons. Then it finally gets done then we’re still waiting on the official guidance.
Posted on 5/15/23 at 8:32 am to RealDawg
quote:
It is estimated that a little over 3,800 turbines would be needed to power a city the size of New York... That's 304,000 gallons of refined oil for just one city.”
bUt MuH susTainAble EnerGy???
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