Page 47 - Scale Power News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ByMike Foley, November 10, 2023 — https://www.smh.com.au/politics/federal/us-reactor-project-fail-heats-up-australia-s-nuclear-power-debate-20231109-p5eisu.html A nuclear energy developer championed by the Coalition has canned its most advanced project in the United States, raising questions over the viability of the technology in Australia. NuScale Power, which was developing small modular reactors at a US government-owned site in Idaho with plans to sell electricity to…

I must admit that this came as a shock and a surprise. I thought that the pockets were plenty deep enough to see this project through, almost regardless of the delays and the spiraling costs. I almost think the news release is a prank. But here it is: "NuScale Power, a company in Portland, Ore., said it lacked enough subscribers to advance the Carbon-Free Power Project, which

A nuclear energy developer championed by the Coalition has canned its most advanced project in the United States, raising questions over the viability of the technology in Australia.

Oregon-based NuScale Power was involved in the project that was to come online in 2029 and was supposed to replace electricity from coal plants that are closing.

The project that NuScale Power and Western energy companies had developed struggled to attract enough utility customers.