Nuclear energy is enjoying a renaissance in the U.S. and many Western countries thanks to the global energy crisis. Bankers appear unwilling to finance the $5 trillion the IAEA estimates the global nuclear industry needs for development until 2050. Over the past several years, billions of federal dollars have gone into the development and demonstration of next-generation small modular reactors (SMRs) and advanced fuel cycle reactors. Nuclear’s revival might be dead in the water with lenders balking at financing what … read more »
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