It never existed, and now even the manufacturer has abandoned the project:
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 coalition of community-owned power systems in seven western states, withdrew from a deal to build the plant, designed by NuScale Power, because too few members agreed to buy into it. The project, subsidized by the U.S. Department of Energy (DOE), sought to revive the moribund U.S. nuclear industry, but its cost had more than doubled to $9.3 billion.
“We still see a future for new nuclear,” says Mason Baker, CEO and general manager of UAMPS, which planned to build the plant in Idaho. “But in the near term, we’re going to focus on … expanding our wind capacity, doing more utility-scale solar, [and] batteries.” NuScale, which was spun out of Oregon State University in 2007, declined to make anyone available for an interview. But David Schlissel of the Institute for Energy Economics and Financial Analysis says, “The communities and their ratepayers have avoided a giant financial debacle.”
The only existing prototypes are in China and Russia where Australia will not go.
To my mind, this is doing the LNP a favour. It should get over itself and embrace the ALP’s new CIS policy, which is solidly designed and will threaten LNP election prospects.
The LNP should neutralise the energy issue and concentrate on the catastrophic inflation from over-migration.
More from Peter Zeihan on the end of the SMRs:
