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There was supposed to be a nuclear renaissance kicked off by the loan guarantees passed under Bush. The AP1000 was supposed to be safer, simpler, more efficien
by thinkcontext 6y ago
There was supposed to be a nuclear renaissance kicked off by the loan guarantees passed under Bush. The AP1000 was supposed to be safer, simpler, more efficient and easier to build.
However, the 2 plants that started under Obama were failures, with one getting cancelled after spending $9B on a hole in the ground and the other about to come online after going 2x+ over time and money budgets. Westinghouse, the maker of the AP1000, went through bankruptcy as a result. All prospective AP1000 projects have been halted.
No generator in their right mind would order one without huge additional subsidy from the government, guaranteeing against construction risk.