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Is solar energy cheaper & safer than nuclear energy? Many might claim that it is by using gimmicks like the "Levelized cost of energy" but the long-term calculations show that that’s a joke of a metric and misleads investors and governments.
So, is solar cheaper & safer than nuclear? The answer is a very quick and sure "no".
Brian Gitt, energy entrepreneur, explains (and proves) to me why that’s true.
Watch the full conversation (for free) over here: https://resourcetalks.com
Briant Gitt is an entrepreneur with a lot of relevant experience in energy. Follow him on Twitter, and consider reading his blog on anything and everything energy.
Brian led business development at Reach Labs to deliver long-range wireless power in industrial, asset management, and supply chain applications.
He founded UtilityScore (a software company backed by Y Combinator) which provided homebuyers with estimates for their utility costs.
Gitt was the CEO of a consulting firm (acquired by Frontier Energy) specializing in clean energy to commercialize new technology in buildings, vehicles, and power plants.
Brian was the Executive Director of Build It Green (nonprofit) to mainstream green building, where I built a network of 2,500 building industry stakeholders (included contractors, suppliers, realtors, lenders, utilities, and public agencies.)
Brian told me that he “lost 20 years of his life” backing the wrong energy – solar. He know believes nuclear and natural gas have the brightest future in the 2020’s decade.
In this episode, Brian and I talked about innovation in nuclear technology. We went over SMRs, thorium reactors, spent nuclear fuel reactors and others.
Brian told me that he doesn’t think hydrogen can dethrone nuclear and that the energy mix will be made up of many different forms of energy including all of the above, and nuclear.
We got to discuss whether solar is better than nuclear and whether nuclear really is as expensive and dangerous as the media would like us to believe. Short answer: it is not. Nuclear is the cheapest form of energy and also one of the safest ones. Beating wind and solar in both of those races.
Warning
Antonio Atanasov is not an investment advisor. Antonio Atanasov owns shares of companies mentioned in this publication. The information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.
Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).
Readers are cautioned that this presentation likely contains forward-looking statements about expected future events and the financial and operating performance of any companies potentially discussed herein. Reality often varies from people’s expectations. Managements like over-promising and under-delivering. If a manager was speaking in here, beware. Readers are encouraged to read the Cautionary Note on Forward-Looking Information and to consult the Company’s Annual Information Form, which is available on www.sedar.com. Reading the full disclaimer on the disclaimer page on this website is mandatory.
Timestamps
00:00 Important warning
00:50 Is solar cheaper than nuclear?
05:30 Why do governments don’t embrace nuclear?
09:10 Nuclear waste is not a problem
15:30 Is the data on nuclear biased and wrong?
17:30 Read more from Brian
Was there something wrong with what the guest said? Did I fail to ask an important question? Did I make a mistake in my reporting? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.