Produces electrical energy at about 4 cents per KWh.
The cost to produce electricity with Thorium generators should be about 40% less than Advanced Nuclear and about 30 % less than from Coal (with scrubbers). Solar generation is about 4 times more expensive (without subsidies) Wind power is cheaper when the wind blows, but the generation capacity has to be there even when the wind doesn’t blow, so the only gain from wind power is to lessen the mining or extraction of carbon. In addition, wind power kills birds, the free yearly quota of allowable Bald Eagle kills was upped from 1200 to 4200 during the Obama administration. (https://lenbilen.com/2019/04/12/what-is-more-precious-babies-eagles-or-fighting-climate-change/). Golden Eagles and a few other rare birds has a quarter of a million dollar fine associated with their kills. If wind power is increased without finding a solution to the bird kills, whole species may be extinct. Solar power is, and will be used in special applications such as on roofs for backup and peak power assist. Hydroelectric power is for all practical purpose maxed out, so nearly all future increase must come from Coal, Natural Gas, Petroleum or Nuclear. Thorium powered Nuclear Generators is the way to go.
We live in challenging times with enormous environmental challenges. It takes a lot of energy to clean up the mess we have generated over the ages. It would be a shame to use up our remaining coal, oil and gas to produce the electricity needed to clean up. Oil coal and gas will eventually be depleted and we need to save some for our great grandchildren so they can enjoy flying like we have become accustomed to. Like the famous conservationist Sarah Palin once said: “for when it’s gone, it’s gone.”
The need to develop a Thorium based molten salt fast breeder nuclear reactor to develop our energy needs for the future can not be overstated. Lest anyone should be threatened by the words fast breeder, it simply means it uses fast neutrons instead of thermal neutrons, and breeder means it produces more fissible material than it consumes, in the case of Thorium the ratio is about 1.05.
There is enough Thorium around to last for a million years at today’s worldwide electricity generation levels. Uranium is in short supply. The consumption exceeds production, and the worldwide major importer of Uranium is the U.S. (The fact that we sold 20% of our uranium ore to the Russians did not help)
There are of course the sustainable energy sources such as wind, solar, hydroelectric, biomass, geothermal, tidal and wave energy, and they should be pursued where economically and environmentally appropriate. These are a separate but important subjects.