The parts of a boat have funny names to a landsman. Many of the names go back hundreds of years and their origins are often lost. Some make sense only if you know something of sailing ship construction in the 16th century.
Cheap dreams, expensive realities. In the dawn of the nuclear era, cost was expected to be one of the technology's advantages, not one of its drawbacks. The first chairman of the Atomic Energy Commission, Lewis Strauss, predicted in a 1954 speech that nuclear power would someday make electricity âtoo cheap to meter.â.
Economics â Nuclear power Nuclear power plants are cheap to operate Stable & predictable generating costs Long life time Supply security (insurance premium) Low external costs (so far no credit applied) High upfront capital costs can be difficult to finance Sensitive to interest rates Long lead times (planning, construction, etc) Long payback periods