Analysis: CSIRO’s Cost Comparison for Nuclear Energy is Flawed, Says Environmental Group
Nuclear energy expert Oscar Archer highlighted that the CSIRO had misrepresented the costs of nuclear energy in comparison to other energy sources.
An environmental group pointed out inaccuracies in Australia’s peak science body’s estimation of nuclear energy production costs, indicating that the figures could be three to six times higher than reality.
This critique occurred within the context of the ongoing discussion surrounding the GenCost report, which compared costs between renewables and nuclear energy in Australia.
The CSIRO, a prominent scientific research organization in Australia, released the consultation draft in December 2023, suggesting that nuclear power, especially small modular reactors (SMRs), is the costliest energy source and not feasible in Australia. Instead, the report recommended solar and wind power as economically advantageous with the “lowest cost range of any new-build technology.”
SMRs, as per the International Atomic Energy Agency, are advanced nuclear reactors with a power capacity of up to 300 MW(e) per unit, significantly smaller than traditional nuclear power reactors, offering increased flexibility, quicker construction, and affordability when compared to larger nuclear plants.
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