159.00 Dollar US$ Nuclear option costs 'six times more' than renewables Vincent

Published date: January 9, 2025
  • Location: 21371-620, Vincent, California, United States

The high upfront costs and burden on consumers of adding nuclear to Australia's energy mix have been confirmed in an independent review.

Building nuclear reactors would cost six times more than wind and solar power firmed up with batteries, according to the independent report released on Saturday by the Clean Energy Council.

"We support a clear-eyed view of the costs and time required to decarbonise Australia and right now, nuclear simply doesn't stack up," the industry body's chief executive Kane Thornton said.

Taxpayers needed to understand the decades of costs if they were forced to foot the bill for building a nuclear industry from scratch, Mr Thornton warned.

The analysis prepared by construction and platformoneiow engineering experts Egis also found nuclear energy had poor economic viability in a grid dominated by renewable energy.

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