Why California should reconsider shutting down its last nuclear plant, scientists say

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Why California should reconsider shutting down its last nuclear plant, scientists say
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Scientists from MIT and Stanford came together to show how Diablo Canyon can be retrofitted to add revenue streams.

, the owner of Diablo Canyon, told CNBC it is not reconsidering its decision to decommission and close the plant. But the scientists behind the report hope another utility might take it over.

If Diablo Canyon were to operate between 2025, its current expiration, and 2035, the cumulative cost savings to the energy grid would be $2.6 billion, according to Ejeong Baik, a Ph.D candidate at Stanford who led the analysis on electricity. "Meeting California's climate goals will require continuous development and investment in renewable and energy storage technologies. What maintaining Diablo Canyon does is help reduce the burden of build needed for these resources, which eventually helps reduce the system costs as well," Baik said.

The cost of of clean water produced at Diablo Canyon would be up to 50% cheaper than water being generated at Carlsbad, the report finds.

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