this post was submitted on 11 Nov 2023
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Too many investors pulled out of the project, at least in part due to rapidly falling prices of renewables.
Interest rates too, I’d imagine. Investing in new nuclear and expecting a decent ROI would be a dumb move now.
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.
Hear me out ... nuclear powered AI NFTs.
Does it support blockchain?
You know it does.
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.