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CogentHedgehog | 5 years ago
Loan guarantees are a particularly common example -- for example, last year the US govt provided $3.7 BILLION in loan guarantees for the troubled Vogtle reactor builds in Georgia. The way loan guarantees work is that the government agrees to pay the debt owed if the company goes bankrupt or cannot complete the project; this is surprisingly common actually, since the same project had already driven Westignhouse to file bankruptcy.
Solar and wind aren't likely to make a handful of people extremely rich -- the profit margins on the components are pretty low due to the high degree of competition pushing them down. Building solar and wind farms to sell their power does produce a solid and reliable financial return on investment, but it's still less than 10% (even though the energy return on investment is good).
> When you look at this table [energy density]
For power generation, energy density is largely irrelevant.
Also these energy densities are apples-to-oranges comparisons. You can't burn uranium without a fairly large, heavy reactor. There are no "nuclear cars." Similarly diesel requires an engine although it's smaller. Batteries aren't a power source on their own, they're storage, and you're not "burning" them up.
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