US nuclear industry remains optimistic about small reactors, despite cancelled NuScale project due to cost increase.

US nuclear industry optimistic about small reactors despite a recent SMR project cancellation due to exploding costs. NuScale's Idaho project, the sole SMR design awaiting approval, faced an estimated price increase from $5.3B to $9.3B, leading to its cancellation. Despite this, backers remain hopeful for new projects by the end of the decade, citing potential benefits and interest in carbon-free power sources.

April 07, 2024
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