3 ms·
The nuclear industry was already having big issues, so I do not see this bankruptcy changing things much. The decline of nuclear wasn't even related to safety
by jartelt 10y ago
The nuclear industry was already having big issues, so I do not see this bankruptcy changing things much. The decline of nuclear wasn't even related to safety concerns, which I believe are largely exaggerated. Currently operating nuclear plants are losing money and needed to be bailed out in Illinois and New York because they cannot produce power for a low enough price. With that in mind, who wants to spend >$1B to build a new nuclear plant that will likely take >10 years to get permitted and built? For the industry to grow, there needs to be a big change in technology to decrease the capital costs needed to build plants and to decrease plant operating costs. If you cost more than a natural gas plant, you are not going to have much luck in today's market.