• Lugh@futurology.todayOPM
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    1 day ago

    Renewables+batteries have almost wiped out the nuclear industry, now geothermal power may be about to put the final nail in that coffin. New research published in Nature magazine shows drilling times are falling so swiftly, that by 2027 geothermal power will be able to deliver a levelized cost of electricity (US$80 MWh). That’s price competitive with nuclear, but that’s not the real killer for the nuclear industry.

    Although some locations (like Iceland) are very suited to geothermal, many places are just fine too. Geothermal can be built widely all over the world - more crucially, it can be built quickly and to a dependable budget.

    The nuclear industry’s sole surviving argument was it could provide base load power - but so can geothermal. It will now be vastly more appealing to investors and governments than building new nuclear power, which may be an industry about to go into the last stages of its death spiral.