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It takes billions to stand up one of these plants, and decades for the projects to pay for themselves with a nearly a 38% projects failing to be completed. And
by Meph504 4y ago
It takes billions to stand up one of these plants, and decades for the projects to pay for themselves with a nearly a 38% projects failing to be completed. And let's not forget that we haven't really ever built a nuclear plant (outside of academic or the military) that hasn't been double if not triple the estimated cost.
And the article is a bit misleading in that, sure there has been new permits, for new plants, but there are several plants being added on to most notable Vogtle which has been for the last 10 years building 2 new generation units. they are currently some $15 billion dollars over budget. and still not fully operational.
And attempting to building nuclear plants in N.C. and Georgia, bankrupted Shaw, and Westinghouse in 2008-20013.
it honestly seems that it is an unappealing investment, that only applies to those that look at profits over decades not quarters and are willing to gamble billions on projects that nearly 1 in 3 fail.