NuScale and its primary partner give up on its first installation.

First planned small nuclear reactor plant in the US has been canceled::NuScale and its primary partner give up on its first installation.

  • @[email protected]English
    117•1 year ago

    Might save you a click:

    Too many investors pulled out of the project, at least in part due to rapidly falling prices of renewables.

    • @IchNichtenLichtenEnglish
      21•1 year ago

      Interest rates too, I’d imagine. Investing in new nuclear and expecting a decent ROI would be a dumb move now.

      • @afraid_of_zombiesEnglish
        6•1 year ago

        I am surprised they got any investors. From what I see the only way to get investment money is to say you are making a new social media app or building a condo.

              • @afraid_of_zombiesEnglish
                5•1 year ago

                Oh man this is great. Hold on let me go get the sack of money labeled “pensions” and the other labeled “Covid relief funds”.

    • @[email protected]English
      8•1 year ago

      Yeah the same reason nuclear is being rejected everywhere, it’s economically unfeasible and a huge liability - no one wants to end up with a hugely expensive powerstation that no one wants to buy power from because it’s a thousand times more expensive per kWh than any other option.