When it comes to turning words into actions, the picture is decidedly less rosy. Three weeks before Kerry’s bold announcement in Dubai, the U.S. developer of the first small modular reactor to be licensed by the U.S. Nuclear Regulatory Commission, NuScale, announced that it had cancelled its first reactors, slated to receive close to $2 billion in federal grants, due to rising cost and weak customer demand. Two other reactor projects slated for significant government support will release new cost … read more »
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