[T]he report’s executive summary certainly gets to the heart of their findings.
“The rhetoric from small modular reactor (SMR) advocates is loud and persistent: This time will be different because the cost overruns and schedule delays that have plagued large reactor construction projects will not be repeated with the new designs,” says the report. “But the few SMRs that have been built (or have been started) paint a different picture – one that looks startlingly similar to the past. Significant construction delays are still the norm and costs have continued to climb.”
Base load is not necessary. It was made because you could build certain types of plants really cheap if they’re run all the time at the same level. They aren’t a requirement, but rather an economic convenience in an old way of doing things.
Renewables with storage are able to match demand more closely than traditional plants ever could. This results in less wasted power. That means we don’t have to replace every GWh of traditional generation with a GWh of renewable.
Hydro and geothermal have both had some interesting breakthroughs the last few years. Small scale hydro can get useful amounts of power from smaller rivers than was feasible in the past. There are places to put them we didn’t have before.
There’s also high voltage DC lines. The longest deployed one is currently in Brazil, and is about 1500 miles. An equivalent run in the US would mean wind farms in Kansas could power New York, or solar in Arizona could power Chicago. When you can transmit that far, then the wind is always blowing somewhere, and it’s sunny somewhere for the entire day, as well.
Nuclear lost its window of opportunity. It may already be cost competitive with putting solar panels in space.
Edit: fixing autocorrect’s bad corrections
I agree with all of this as an electrical engineer in the field. Base load is only base load because of the load profile of devices connected to the grid having either an on or off switch. Most of the time this means motors/HVACs, but the world of electronics is coming to that equipment just like how inverters have changed how we export solar PV and wind to the grid. VFDs, soft starters, and the like will make our industrial processes that much more efficient. We just need to spread awareness and ramp up implementation, just as much as for renewables themselves.
