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It is a highly political sector as well as a capital intensive one. You can sink as much money into your prep-work as you want, but if you don't end up getting
by jimmydorry 5y ago
It is a highly political sector as well as a capital intensive one. You can sink as much money into your prep-work as you want, but if you don't end up getting the permits and regulatory approval, it is all for naught.
Contrast that to any other kind of power generation, and the regulatory uncertainty alone is enough to sink any interest in spending a large amount of money up-front on something so uncertain.
- Gwypaas 5y agoHalf of the reactors the US ordered have ended up being cancelled due to the economics. > By the mid-1970s it became clear that nuclear power would not grow nearly as quickly as once believed. Cost overruns were sometimes a factor of ten above original industry estimates, and became a major problem. For the 75 nuclear power reactors built from 1966 to 1977, cost overruns averaged 207 percent. Opposition and problems were galvanized by the Three Mile Island accident in 1979.[48] > Of the 253 nuclear power reactors originally ordered in the United States from 1953 to 2008, 48 percent were canceled, 11 percent were prematurely shut down, 14 percent experienced at least a one-year-or-more outage, and 27 percent are operating without having a year-plus outage. Thus, only about one fourth of those ordered, or about half of those completed, are still operating and have proved relatively reliable.[53] https://en.wikipedia.org/wiki/Nuclear_power_in_the_United_States#Over-commitment_and_cancellations https://en.wikipedia.org/wiki/Nuclear_power_in_the_United_St... As said, the only enemy nuclear faces is it's own economics.