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NuScale Power’s small modular reactors promised cheaper nuclear power, but costs soared and utilities balked Science, NOV 2023 BY ADRIAN CHO A plan to build a novel nuclear power plant comprising six small modular reactors (SMRs) fell apart this week when prospective customers for its electricity backed out. Utah Associated Municipal Power Systems (UAMPS), a…
Statement by Dr. Edwin Lyman, Director of Nuclear Power Safety, Union of Concerned Scientists, Nov 9, 2023 https://www.ucsusa.org/about/news/small-nuclear-reactor-contract-fails-signaling-larger-issues-nuclear-energy-development NuScale Power Cooperation, the first company in the United States to secure approval for the design of a small modular nuclear reactor (SMR), ended its contract with the Utah Associated Municipal Power Systems (UAMPS) on Wednesday. The…
“One of the stories they’ve kept telling people was that the SMR was going to be a lot cheaper than large-scale nuclear,” David Schlissel, an analyst at the nonprofit Institute for Energy Economics and Fiscal Analysis, told WIRED last month. “It isn’t true.” Wired. 10 Nov 23 Six nuclear reactors just 9 feet across planned…
Björn Steigerwald ab, Jens Weibezahn ca, Martin Slowik d, Christian von Hirschhausen ab Highlights •We present a unique cost data set on 19 small modular reactors. •Manufacturer cost estimates are mostly too optimistic compared to production theory. •A Monte Carlo simulation shows that no concept is profitable or competitive. •Median NPVs are negative ranging from 3 (HTR) to 293 (SFR) million USD/MWel. •Median LCOEs start at 116 USD/MWh…
“Once you’re on a dead horse, you dismount quickly. That’s where we are here.” “the massively expensive SMR projects in Canada will eventually face the same reckoning" Primary Author: Mitchell Beer, The Energy Mix, November 10, 2023 more https://www.theenergymix.com/2023/11/10/failed-u-s-nuclear-project-raises-cost-concerns-for-canadian-smr-development/ https://www.theenergymix.com/2023/11/10/failed-u-s-nuclear-project-raises-cost-concerns-for-canadian-smr-development/ NuScale and its customer, Utah Associated Municipal Power Systems (UAMPS), announced they were cancelling the...