He mixed some units there, mostly by translating Chinese costs into OECD/USA costs. China does indeed take 5 years to build a reactor. That's what happens when you build a couple a year for decades. After 20 years, that might be true in the OECD/USA too, but for now you are looking at over 10 years, $10B/GW, and over 8% interest.

None of that is the real issue though. The real issue is for at least 8 hours a day, but probably more like 16 hours a day, renewables can generate power at well under 1/2 the price of what he calculated. So they won't sell the 9 units of power he forecast - it will be at best 4.5 units, and the nuclear plant even at his optimistic assumptions never makes money.

If you look at South Australia [0] - they are at 80% renewables now. At 80%, the average wholesale is cheaper than what nuclear can supply. The percentage will go higher, probably to around 90%..95%. They are and will achieve that with very limited (ie, cheap) storage.

But obviously that isn't 100% - so it becomes a question of what can fill the gap of 60 days or so a year the cheapest. Nuclear has no hope. Generating and storing ammonia using excess renewables and burning it when needed is one of the most expensive forms of energy available - but if you only need to do it for 60 days a year, it is still far cheaper than nuclear, because nuclear's primary cost is it's interest bill, not fuel.

The good professor paints gas fuel cost as a disadvantage. But when you are only burning it 60 days a year, then compared to paying nuclear's interest bill 365 days a year it's cheap.

[0] https://www.energymining.sa.gov.au/consumers/energy-grid-and...

Which should we expect will find more cost reductions in the next couple decades? Nuclear or battery storage?

Looked at it that way, I'm skeptical of all these new nuclear projects. No one has made SMRs work economically, yet we're seeing incredible improvements in batteries, and there's enough unexplored chemistry possibilities we don't have a reason to think we're near the end of the road on that.

This must at least partly be region-dependent right?

In the darker northern parts of Europe, the German transition to renewable haven't really been a cost-saving success story (right?).

From my (very) casual Swedish vantage point, the wind build out here was a very government subsided race to zero marginal prices that barely helped anything?

This really should be a top level comment. It accurately explains the broken economics of nuclear, and is the real reason effectively no nukes will be built going forward. Not the usual tired points about regulations and safety fears and Chernobyl or whatever