KeefSo about this thorium. Was this even on the Table when I was in school? Why am I just now hearing about this element's usefulness if it was experimented with 50 years ago? The Cold War has been over for over 20...that seems like enough time for somebody to have put it back into use by now. If it's really as amazing as they say then why the hell not?
India already has one operational plant, I believe.
The problem for anything nuclear is the huge upfront costs. Thorium is potentially cheaper in terms of fuel cost than Uranium, but up-front costs are still pretty high, so there's little impetus to mothball existing Uranium reactors to replace them with Thorium.
Then again, the up-front costs for new Uranium reactors is huge, too.
If power is being generated and consumed, then it's replacing power that would be produced by another means, even if production is erratic.
Note: I do agree with you that wind is not economical.
It doesn't "replace" the basic energy generating infrastructure that's in place, meaning billions and billions spent on reducing CO2 emissions by next to nothing, relative to our overall output and the influence in Ontario of 150+ coal fired power plants blowing emissions into the province from the U.S. Midwest.
Did you hear the big controversy? They had to move a bald eagle nest (endangered species, estimated only 50 nests in Ontario) to put in windmills!
https://www.utilitydive.com/news/wind-remains-cheaper-but-solars-costs-are-falling-faster-lazard-finds/587759/In comparison, the report puts unsubdized levelized wind costs within a range of $26-$54 per MWh, utility-scale solar at $29-$42 per MWh, natural gas at $44-$73 per MWh and coal from $65-$159.
https://www.cleantech.com/fusion-energy-innovation-accelerated-progress-in-2020/[/quoteGeneral Fusion hopes to ultimately produce power at a levelized cost of energy of $50-$60 per MWH, and has drawn up a business model to manufacture a system which can be easily deployed in replacement of fossil-fuel baseload power systems.
https://medium.com/prime-movers-lab/fusion-and-your-future-electric-bill-f78c8b35c3e7Say Company A successfully demonstrates fusion and can build a power plant that produces 150 MW of electricity for $0.7B. We don’t know how much it will cost to operate the fusion plant, but let’s assume that operating costs are roughly 40% of the LCOE, as for nuclear power plants, and that it will operate for 30 years. [7] The LCOE for this fusion plant would be $0.11/kWh. Considering EIA’s predictions of about $0.03–0.045/kWh for solar, wind and natural gas in 2040, it is unlikely that fusion will be the absolute cheapest source of electricity. Still, fusion may be economically attractive for small power plants in remote areas with low sunlight or access to other fuels (remember that Hawaii’s retail electricity price is almost 3X the national average).
I mean...solar is fusion.
Being serious, I don't think price per unit is the only consideration. A fusion plant the size of a building could likely power entire states, whereas solar takes up an enormous footprint. However, there is the case to be made for decentralizing...