this post was submitted on 11 Nov 2023
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278
First planned small nuclear reactor plant in the US has been canceled (arstechnica.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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First planned small nuclear reactor plant in the US has been canceled::NuScale and its primary partner give up on its first installation.

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[–] henfredemars@infosec.pub 117 points 2 years ago (3 children)

Might save you a click:

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

[–] IchNichtenLichten@lemmy.world 21 points 2 years ago (1 children)

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

[–] afraid_of_zombies@lemmy.world 6 points 2 years ago (1 children)

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.

[–] IchNichtenLichten@lemmy.world 8 points 2 years ago (1 children)

Hear me out ... nuclear powered AI NFTs.

[–] afraid_of_zombies@lemmy.world 5 points 2 years ago (1 children)

Does it support blockchain?

[–] IchNichtenLichten@lemmy.world 4 points 2 years ago (1 children)

You know it does.

[–] afraid_of_zombies@lemmy.world 5 points 2 years 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".

[–] Meowoem@sh.itjust.works 8 points 2 years 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.

[–] Contend6248@feddit.de 7 points 2 years ago

It is time