(05-03-2026 11:15 AM)Eagleaidaholic Wrote: What about this one?
https://www.foxnews.com/politics/obama-e...s-annually
Ivanpah was a giant grift.
Let's do the math: It cost 2.2billion just to build. (That doesnt include on going operational costs.)
A nuclear reactor sells electricity at wholesale markets for 4 cents per kilowatt. (3 - 4 cents)
Ivanpah generates an average of 702,000,000 kWh per year. At 4 cents per kilowatt hour on the wholesale market, it generates $28million worth of wholesale power per year.
Its return on investment would be $2.2billion / $28million per year = 78 years.
And that doesnt include operational costs (which are VERY high) or the LNG it uses.
And it killed about 600 birds per year in the process.
It was built on the hopes that they could sell their power for far more than the 4cents on the wholesale market. That never materialized, and they are planning on shutting down the plant this year.
And about $700million of the federal loan is still outstanding.
This is what happens when government gets involved in trying to force this stuff. You end up spending billions for something as simple as a fleet of charging stations.