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Because this can't possibly end badly - letting nuclear reactors be operated by a nuclear power cooperative whose founder created the company as part of a Ponzi
by Communitivity 6y ago
Because this can't possibly end badly - letting nuclear reactors be operated by a nuclear power cooperative whose founder created the company as part of a Ponzi scheme [1]. Idaho is a beautiful state with awesome people, but if I lived there right now I'd move. All it will take is a few cut corners on training or parts [2] to cause something similar to Three-Mile island.
In fairness there are currently 96 nuclear reactors operating in the U.S. The average age of these reactors is 38 years old. And there have only been 13 nuclear incidents during that time, that we know about, resulting in 7 dead total. That however is 7 dead directly. A number of people who got Cancer around Three Mile Island attribute it to the incident, so that death toll could be much higher, or it could be accurate - we don't have the means to verify it at this point.
However, this permit allows them to build 12 reactors, with no history of operating a reactor safely AFAIK. Also, these reactors are a new type, smaller and modular, which may mean they are less risk but also means they are more of an unknown.
In my opinion this is an insane risk.
[1] http://connection.ebscohost.com/c/articles/59407581/nuscale-cuts-back-as-feds-sue-funder http://connection.ebscohost.com/c/articles/59407581/nuscale-...
[2] https://www.world-nuclear.org/information-library/safety-and-security/safety-of-plants/three-mile-island-accident.aspx#:~:text=In%201979%20at%20Three%20Mile,background%20levels%20to%20local%20residents https://www.world-nuclear.org/information-library/safety-and....
- renewiltord 6y agoEh? The founder of NuScale did not create the company as a Ponzi scheme. The two founders raised money from a guy who was running a Ponzi scheme. NuScale founded by Paul Lorenzini + Jose Reyes Michael Kenwood Group founded by Francisco Illarramendi Michael Kenwood Group was managing some half billion dollars and funded and owned lots of things, among which was NuScale. Of the half billion, Illarramendi funneled out a tenth into funds he managed for personal value. I hesitate to speculate but did you, uh, did you read 'funder' as 'founder' and then construct the remainder of the story around that? Usually when you raise money you don't get to look at the books of the guy you're raising from, so how exactly were they supposed to know the guy was busy embezzling?