CSIRO releases final 2024-25 GenCost report following consultation
* The report found renewables remain the lowest-cost new-build electricity generation technology, while nuclear small modular reactors (SMRs) are the most costly.
* Electricity systems rely on a mix of technologies, because no single option can deliver all the capabilities required for a reliable, secure and flexible supply.
Nuclear power, in Australia, relies upon high upfront costs with an uncertain delivery timeline; there are no sizeable existing nuclear power skillsets in the country, no living experience of construction, and a history of global clusterfucks when it comes to third party power station construction / delivery.
For the same money that maybe gets Australia some turnkey nuclear power by 2040 (ish) there can be nearly immediate delivery of solar power, battery farms, geological hydrogen storage, mini hydro, etc.
Right now, in Australia, nuclear isn't a pragmatic economically feasible choice.
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CSIRO releases final 2024-25 GenCost report following consultation
~ https://www.csiro.au/en/news/all/news/2025/july/2024-25-genc...Nuclear power, in Australia, relies upon high upfront costs with an uncertain delivery timeline; there are no sizeable existing nuclear power skillsets in the country, no living experience of construction, and a history of global clusterfucks when it comes to third party power station construction / delivery.
For the same money that maybe gets Australia some turnkey nuclear power by 2040 (ish) there can be nearly immediate delivery of solar power, battery farms, geological hydrogen storage, mini hydro, etc.
Right now, in Australia, nuclear isn't a pragmatic economically feasible choice.