3 ms·
> different nuclear thrusts will probably not require any government assistance or support The 2 recent projects in the US came about because of loan guarantee
by thinkcontext 6y ago
> different nuclear thrusts will probably not require any government assistance or support
The 2 recent projects in the US came about because of loan guarantees passed under Obama, a form of subsidy. Both have been miserable financial failures going 2-3x over budget on money and time. One was cancelled after spending $9b on a hole in the ground, the other should be coming online soon.
Given how badly the projects went no utility in their right mind would order a reactor without even more subsidy to remove risk.
There are also other forms of subsidy, notably the $450m per reactor cap on liability. That's a $3b/yr subsidy to the industry.