Despite the cancellation of a next-generation US nuclear plant, supporters of small modular reactors (SMRs) are optimistic about new projects coming online by the end of the decade.
Several nations have moved to phase out nuclear plants , but small modular reactor manufacturers believe they can convince wary customers. Photo: John MACDOUGALL / AFPDespite the recent cancellation of a next-generation US nuclear plant, backers of the carbon-free power source remain hopeful new projects will come on line by the end of the decade.
The project -- the sole SMR design yet to be approved by the US Nuclear Regulatory Commission -- faced exploding costs that took the estimated price from $5.3 billion up to $9.3 billion. But according to Mason Lester, an analyst at S&P Global Commodity Insights, there are"a lot of positives that have been coming over the last year" for US nuclear prospects.He pointed to Darlington in Ontario, Canada, where GE Hitachi aims for its new SMR design, the BWRX-300, to begin producing power in 2029.The Tennessee Valley Authority, a federally-owned US power company covering several southern states, has also invested in the BWRX-300.
In that case, the initial estimated costs"weren't the problem," said Kotek, a former Department of Energy official.He said the takeaway is to improve"risk sharing" across the first new models before the industry can"get to the place where we're building these with some repeatability."
Small Modular Reactors Nuclear Plants Carbon-Free Power US Energy Company Nuscale Project Cancellation SMR Design Costs University Of British Columbia
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