> And these advances by PNNL and ORNL have reduced the cost by a factor of four in just five years. But it’s still over $200/lb of U3O8, twice as much as it needs to be to replace mining uranium ore.

> Fortunately, the cost of uranium is a small percentage of the cost of nuclear fuel, which is itself a small percentage of the cost of nuclear power. Over the last twenty years, uranium spot prices have varied between $10 and $120/lb of U3O8, mainly from changes in the availability of weapons-grade uranium to blend down to make reactor fuel.

> So as the cost of extracting U from seawater falls to below $100/lb, it will become a commercially viable alternative to mining new uranium ore. But even at $200/lb of U3O8, it doesn’t add more than a small fraction of a cent per kWh to the cost of nuclear power.

This is technology that actually has a demonstrated cost. Moreover it doesn't need to get cheaper at scale since raw extraction is such a small portion of nuclear power's cost. It's not like synthetic methane or hydrogen storage where it's all white papers promising cheap cost, but not actually delivering any storage systems at that cost.