Word: kilowatt-hours
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...affordability, lithium-ion battery packs currently cost about $1,000 per kilowatt-hour of capacity. Which means the GM Volt's 16-kW-h battery pack alone would cost $16,000, according to some industry analysts. The price per kilowatt-hour has to fall below $500 to make production viable - and it will. (See pictures of Detroit's beautiful, horrible decline...
...waste-disposal problems, safety issues and regulatory delays create a much more serious obstacle to a nuclear comeback: they jack up the already exorbitant cost of construction. That is the truly serious drawback of nuclear energy. Recent studies have priced new nuclear power at 25 to 30 cents per kilowatt-hour, about four times the cost of producing juice with new wind or coal plants, or 10 times the cost of reducing the need for electricity through investments in efficiency. Nuclear energy is much cleaner than coal, and it provides baseload power when the wind isn't blowing...
...turning out to be way more expensive than originally advertised. The plants are cheap to operate, but unbelievably costly to build; estimates for new plants have doubled and even tripled over the last year or two. One recent study priced new nuclear generation at 25-30 cents per kilowatt-hour; new wind power comes in around 7 cents, about the same as coal, and investments designed to reduce electricity consumption through more efficient appliances, lighting or buildings cost about 1 to 3 cents per kilowatt-hour saved. This is why nobody on Wall Street or Main Street or any private...
...story, "Exelon Head Speaks on Energy," stated that wind energy is twice as expensive as nuclear energy. In fact, the speaker did not state that wind power costs twice as much to produce as nuclear power on a kilowatt-hour basis, but that wind energy costs twice as much as nuclear when considering the cost of abating a ton of carbon dioxide...
That's debatable, to say the least. There's no question that a nuclear plant, once it's up and running, produces comparatively little carbon dioxide - a British government report last year found that a nuclear plant emits just 2% to 6% of the CO2 per kilowatt-hour as natural gas, the cleanest fossil fuel - but nuclear energy still seems like the power of yesterday. After a burst of construction between the 1950s and late 1970s, a new nuclear power plant hasn't come on line in the U.S. since 1996, and some nations like Germany are looking to phase...