A major setback for proponents of small modular reactors (SMR). What was supposed to be the first commercial venture in the United States has stalled. The reason: Costs rise to the point where potential customers become frustrated.
Why is this important?
Almost everywhere in the world, including Europe and even Belgium, small and medium-sized companies are seen as allies in the energy transition. They are smaller, less expensive, and more practical than conventional nuclear power plants.In the news: Termination of CFPP.
- Last week, US startup NuScale announced that its Carbon Free Power Project (CFPP) would be shut down. This project will be the first commercial SMR project in the United States.
The first commercial SMR plant in the United States is supposed to be operational in 2029
the details: Costs that have skyrocketed
- The CFPP was first introduced in 2014 and will begin generating electricity in Idaho in 2029. Full
This featured article is exclusive to subscribers
Now read 3 articles for free per month!
Do you think about the future, about the future of tomorrow? Business AM is your guide through change. Don’t follow the facts and be part of the fastest growing business site in Flanders.
Are you already a subscriber? Log in and get access to all premium articles.
