The GenCost 2023-24 report, produced in collaboration between CSIRO, Australia's national science agency, and the Australian Energy Market Operator (AEMO), offers comprehensive insights into the future of energy technologies. It projects the cost of electricity generation and storage for various technologies until 2050. Renewables, including solar and wind, are identified as the most cost-effective new build electricity technology, despite recent upward revisions in wind energy costs. For the first time, the report includes large-scale nuclear technology costs, demonstrating that nuclear power is more expensive than renewables and requires a lengthy development timeline of around 15 years. The estimates were based on South Korea's nuclear program, with adjustments made for differences in labor costs and deployment environments. The report underlines the necessity of a continuous building program for nuclear power to achieve cost efficiencies, cautioning about possible high initial costs and regulatory complexities. GenCost 2023-24 report stands out for its accurate and technology-neutral cost estimates, encompassing not only electricity generation and storage but also hydrogen technologies. The report is a vital resource for business leaders and decision-makers aiming to achieve net zero emissions by 2050, reflecting a decade of industry collaboration and consultation to ensure its accuracy. In conclusion, the report emphasizes the competitive position of renewables in the energy landscape, the complexities of integrating large-scale nuclear projects, and the importance of sustained commitment and investment in achieving cost efficiencies in the energy sector.