Canada’s nuclear drive picks up speed [Reuters]

https://lemmy.world/post/2198470

Canada’s nuclear drive picks up speed [Reuters] - Lemmy.world

> The Federal Budget 2023, announced in March, showed strong support for nuclear power. > The budget offers a 15% refundable Investment Tax Credit (ITC) for clean electricity including nuclear and a 30% ITC for clean technology manufacturing (including nuclear energy equipment, and processing or recycling nuclear fuels). > The budget also explicitly backs nuclear power through a range of other initiatives, such as an extension of reduced tax rates, financing from the Canada Infrastructure Bank, cash for the regulatory authority, and half a billion dollars in SMR project investment.

We should have done this 50 years ago

I agree. I think the four nuclear plants we built almost 60 years ago still supply 17% of the entire country’s energy, and one of them are being shut down this decade because refurbishing is way too expensive.

8 of the 19 reactors in the country are being shut down because they’re too old in the next 3 years. It takes about 10 to make a new reactor/plant.

Late is better than never, but we really should’ve done this at least a decade ago. Hell, it’s weird we didn’t do it when we were shutting down all the coal power plants over a decade ago. Now Ontario is facing an energy deficit and the infrastructure can’t handle incoming energy because Ontario’s been a net exporter for pretty much the entirely of the existence of the east coast power grid.

We’re going to have to spend billions one way or another, and now the only choice is to build up new transmission systems that’ll only be used for a decade or so until the new plants can be built? This is crazy, though not as crazy as how Germany’s shutting down all its nuclear power plants and now relies on France’s nuclear plants so supply over 60% of its energy, with coal that spews uranium into the air to cover the rest.

China seems to be able to churn out nuclear plants on a sub-5-year timeline…

Many of them have been 2-3 years late, but Taishan-1&2 was 6 years late. Instead of less than 4 years, it took a bit over 10.

But you can't realistically compare construction projects in China to those in the West based on labour and environmental regs alone.

Hasn’t China been pretty good about environmental/labour regs in their nuclear industry? I seem to remember reading that their nuclear industry is more tightly regulated than general industry because, y’know, nuclear.