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That’s one of the problems but not the only problems. Plants that are completed on time and under budget are rare and they also suck up billions if not tens of
by bobthepanda 2y ago
That’s one of the problems but not the only problems.
Plants that are completed on time and under budget are rare and they also suck up billions if not tens of billions of dollars. The amount of entities with that kind of investment power is very small, and only a few of those are interested in nuclear power because of the delays and cost overruns.
Small modular reactors are supposed to fix at least the “tens of billions of dollars” problem but there aren’t any working examples, and the closest one I am aware of (NuScale) pulled the plug on its demonstration project, so the benefits of SMR remain theoretical.
Compare that to a solar or wind project where individual units are small so it’s easy to scale up, scale down, and iterate through economies of scale.
- rbanffy 2y agoIt would make sense for an oil company to buy SMR IP just to bury it.