“Cheap” is more than just upfront capital cost. ”Cheap” is also time to design, permit, and build. ”Cheap” equals access. ”Cheap” equals a lever for change. Coal and nuclear can’t and won’t be built everywhere and still requires generous investment in transmission that few want to make and even fewer want to provide land to host.
If we are to believe Florida Power & Light’s claim that new nuclear can be installed for $3000 per kilowatt, this is approximately the same price as the installed cost of one kilowatt of solar in many parts of the United States? The difference: solar can be installed and operational virtually overnight. Nuclear? A decade?
Bill Gates says “cheap energy is like a vaccine.”
Which does North Korea begin to look like South Korea from space?