I reckon (just as many people say in the comments following) that this idea has a distinct air of "too good to be true" about its claimed cost and efficiency, but it's pretty interesting nonetheless:
One thing I am curious about:it is very reliant on components being surrounded by argon. How rare is argon? [Answer - not very - "Argon is the third-most abundant gas in the Earth's atmosphere, at 0.934% (9340 ppmv)"] I assume it's relatively cheap, then.
But what happens if the argon gas escapes and you get normal O2 around the super hot elements of this plant? At least there's no radioactivity involved, even if there is some kind of explosion.
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