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> And the expense is not because of regulations. [...] regulatory costs would only account for about $10M/yr. You are quite funny. NuScale received the NRC ap
by credit_guy 4y ago
> And the expense is not because of regulations. [...] regulatory costs would only account for about $10M/yr.
You are quite funny.
NuScale received the NRC approval for their Small Nuclear Reactors (SMR) in 2020. They spent half a billion dollars for that, and 2 million man-hours [1]. They were founded in 2007 and the approval came 13 years later. If they are lucky, they'll have their first SMR working by the end of the decade.
Of course, that's a happy ending.
Oklo, another nuclear startup was founded in 2013, and got their application rejected by the NRC in 2022 [2]. They were told they can try again, and they probably will, but for the time being they have little to show for 9 years of work.
[1] https://www.nuscalepower.com/newsletter/nucleus-fall-2020/program-development-update https://www.nuscalepower.com/newsletter/nucleus-fall-2020/pr...
[2] https://www.nrc.gov/reading-rm/doc-collections/news/2022/22-002.pdf https://www.nrc.gov/reading-rm/doc-collections/news/2022/22-...