Shadow energy minister Ted O’Brien has urged the CSIRO to re-run its cost projections for nuclear power after the organisation forecasted costly and timely projections for building large-scale nuclear plants.
Shadow energy minister Ted O’Brien has requested the CSIRO re-run its costs modelling for nuclear power after a scathing report forecasted large-scale nuclear reactors would cost at least $8.6 billion each and take about 15 years to build., which caught nuclear-sceptic’s sights upon its release last Wednesday, found a nuclear plant would produce energy twice as expensive as renewables, take upwards of 20 years to build and at a cost of at least $8.6 billion.
He released a statement following the meeting with a request the organisation re-run its modelling on the basis of how technologies such as nuclear energy"are actually utilised across the world and how they would be deployed and operated in Australia". “This means running the numbers assuming a 92.7 per cent capacity factor in line with the average performance of the US nuclear power fleet rather than a low of 53 per cent and recognising that nuclear power plants built today have a ‘design life’ of 60 years and an expected life of 80 years, not 30 years as assumed in GenCost.
Mr O'Brien said the CSIRO should base its nuclear energy forecast on an"always on" 24/7 baseload power source. Picture: Lukas Barth/Getty Images “Well I think the CSIRO has completely torpedoed this uncosted nuclear fantasy of Peter Dutton’s,” Mr Chalmers said, adding the lack of detail and scathing revelations in last week’s report should kill the Coalition’s nuclear approach.
Mr Chalmers hit out at the Coalition's nuclear policy after the CSIRO released its scathing smackdown of the controversial energy source in its GenCost 2023-24 report. Picture: Tracey Nearmy/Getty Images
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