Re:White House eyes subsidies for nuclear plants to help mee...
by thinkcontext on Wednesday May 05, 2021 @12:01PM
(#27051633)
Loan subsidies passed under GWB were supposed to result in a nuclear renaissance in the form of Westinghouse's AP1000 GEN III+ reactor. The 2 projects started under Obama have been unmitigated financial disasters. One was cancelled after spending $9B on a hole in the ground, the other is about to come online after going 2x+ over money and time budget.
All other AP1000 projects in the US have been cancelled. No one in the US is going to order an AP1000 unless the government takes on construction risk.
All other AP1000 projects in the US have been cancelled. No one in the US is going to order an AP1000 unless the government takes on construction risk.