Tuesday, May 24, 2022

Finland Forges Nuclear Path to Energy Freedom

Bravo Finland! Good to know there are some countries where common sense prevails over demagoguery and hysteria with respect to power generation!

"Finland took a giant step toward energy independence with the startup of a new nuclear reactor.
The Oikiluoto 3 (OL3) is expected to meet 14 percent of Finland’s total electricity demand when fully operational. ...
“We now have large 3,000 MW nuclear power plants available, but we also have new generations of small modular reactors that will generate 100 to 300 MW of electricity.” ...
Finnish wholesale power prices are also expected to drop to 60 euro per megawatt hour (MWh) in 2023 from a predicted average price of 70 euros/MWh in 2022. ...
“What is important is a proper costing over a proper life cycle,” ... “Modern nuclear power is designed for a 60-year lifetime but will likely last 80 years with no trouble, two to three lifetimes for a wind or solar system.
“Nuclear power has a high upfront cost for construction but the low amount of fuel and much longer plant life, make it often cheaper than most other sources of energy,” ... "

Finland Forges Nuclear Path to Energy Freedom

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