this post was submitted on 11 Nov 2023
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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 0 points 1 year ago (2 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 0 points 1 year 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 0 points 1 year 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 0 points 1 year ago (1 children)

Hear me out ... nuclear powered AI NFTs.

[–] afraid_of_zombies@lemmy.world 0 points 1 year ago (1 children)
[–] IchNichtenLichten@lemmy.world 0 points 1 year ago

You know it does.

[–] Meowoem@sh.itjust.works -1 points 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.