

But the other misleading part is they looked at 20 years which is close to the life cycle for solar/batteries and not even half the life of nuclear
I think Lazard’s LCOE methodology looks at the entire life cycle of the power plant, specific to that power plant. So they amortize solar startup/decommissioning costs across the 20 year life cycle of solar, but when calculating LCOE for nuclear, they spread the costs across the 80 year life cycle of a nuclear plant.
Nuclear is just really, really expensive. Even if plants required no operating costs, the up front costs are so high that it represents a significant portion of the overall operating costs for any given year.
The Vogtle debacle in Georgia cost $35 billion to add 2 MW of capacity. They’re now projecting that over the entire 75 year lifespan the cost of the electricity will come out to be about $0.17 to $0.18 per kilowatt hour.
Vogtle added 2 AP1000 reactors for $35 billion. Future deployments might be cheaper, but there’s a long way to go before it can compete with pretty much any other type of power generation.