Einar Kilde Evensen
@einarke
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Industry specialist renewable energy, corporate banking @DNB_Bank. Proud father of 👸🏼👸🏼👸🏼👸🏼. Opinions my own. Love all things 🇯🇵.
Oslo, Norway (mostly)
Joined March 2011
A bit of an apples-to-oranges comparison but still a very interesting perspective on the transportation of energy. Thank you to @IEA for providing this report with a lot of useful insights!
The shift from fossil fuel imports to clean technology imports can improve the resilience of energy supply A large container ship of solar panels can provide the means to produce as much electricity as the gas from over 50 large LNG tankers or the coal from over 100 large ships
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5) Realistic and comprehensive project schedules for deploying new nuclear in new countries like Norway, including steps like setting up a competent regulatory body and all licencing processes (site, technology, production, spent fuel storage etc). #nuclearsympo
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4) Better understand the supply chains for critical nuclear components and the different uranium types including Haleu. Which #SMR require which fuels? What is the outlook for western players to break Tenex' hold on this market? (Source: @BloombergNEF, @bnefnuc) #nuclearsympo
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3) What is needed of public subsidies, guarantees, insurance and/or direct financing to move new nuclear projects to commercial terms ie attracting capital from lenders and investors? #nuclearsympo
https://t.co/9JCfmmzLMB
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2) How is nuclear’s future revenue outlook impacted by the 500-600GW of new solar power being installed yearly, pushing daytime prices toward zero in more and more hours, in more and more regions? (Chart from NEM, Australia.) #nuclearsympo
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Looking forward to this week's World Nuclear Symposium #nuclearsympo in London. Some of the topics I hope to learn more about, in light of intensifying energy transition discussions in Norway and elsewhere: 1) Understand this picture better (source @BloombergNEF):
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NOK24mrd er estimert fjerningskostnad for atomreaktoren i Halden. Den produserte altså aldri strøm men noe varme, og sikkert mye god kunnskap. Noen husker sikkert også at de ble tatt for å lure kunder med falske data. Ville vi hatt bedre systemer i dag? https://t.co/3RgWc4hVUe
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Futher reading? I welcome suggestions here, but would also like to recommend 1) @BentFlyvbjerg's book How Big Things Get Done, 2) @MLiebreich's @CleaningUpPod episode 116 on SMRs and 3) @shaylekann on @CatalystPod 16 Feb 2023: https://t.co/AzOThk3uY1
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Summary? I'd like to hear your thoughts, focusing on the financial side of nuclear power projects (others should focus on the technical stuff, thankfully).
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Ex 6: Belene, Bulgaria. Nearly forty years of starts and stops and starts and stops. @Power_OnlineMag
https://t.co/Bl66GQoEZL
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Ex 5: V.C. Summer 3+4, US. Cancelled in 2017 after ~USD9bn spent, est. 64% completed. A catastrophe for all involved, including retail customers + tax payers who are left paying for all this but 0 power produced. @POWERmagazine
https://t.co/yQDGuW9ar2
https://t.co/Q79hBDQbNE
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Ex 4: Bataan, Philippines: Mothballed in 1984 after controversies and >USD2.3bn capex. Discussions ongoing to restart. https://t.co/h5VPJLGcs4
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Ex 3: Zwentendorf, Austria. Was 100% completed in 1978 when a referendum with a 50.4% majority decided to ban all nuclear plants in Austria. @tomscott
https://t.co/X4WLN3yVwX
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Ex 2: Kalkar, Germany. USD5.3bn cost, zero production. Is now an amusement park. https://t.co/ITLBF5Xwm9
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Ex 1: Monju, Japan. Has hardly produced any power, even after spending USD9bn - and another estimated USD3bn to decommission. https://t.co/Rfz1KZmimA
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92 projects abandoned after construction had "officially started", measured from the concreting of the base slab of the reactor building. Many more projects have been cancelled at earlier stages of construction/site preparation. https://t.co/Sc5lYlS298
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Quote from @nuclearreport 2023: "Experience shows that having an order for a reactor, or even having a nuclear plant at an advanced stage of construction, is no guarantee of ultimate grid connection and power production".
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While everybody have heard about Chernobyl, Fukushima and Three Mile Island, how many know about the numerous other multi-billion dollar nuclear power projects that since the 1970s have been abandoned, for a variety of reasons? Data from @GlobalEnergyMon and @nuclearreport
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In this short thread I glance at a handful of abandoned or failed #nuclear projects. Disclaimer: While I am NOT a nuclear expert, I think it is safe to say future project developers and financiers should read up diligently on the topic of what lies behind these failures.
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