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> But they never got enough funding to build it. It's worth examining why they never went forward with builds. In 2023 their cost estimates for power went fro
by epistasis 1y ago
> But they never got enough funding to build it.
It's worth examining why they never went forward with builds. In 2023 their cost estimates for power went from a manageable $55/MWh to a barely-managable $93/MWh. And that was before all the additional cost increases that are typical for first projects.
They were unable to paint a story that was financially compelling.
Nuclear's problems are not TMI, it's Summer, and other failed builds. The government will insure catastrophic damages. It will not insure against construction cost overruns, and those may not kill people but they kill companies dead.