this post was submitted on 08 Aug 2023
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The goal of several of these new companies is to build small modular plants that are cookie cutter instead of individual boutique designs. That should bring cost down substantially.
It’s the opposite. Nuclear plants were built as large as possible because that was the only way that made any kind of financial sense. SMRs are a waste of money.
It might have been why in the past, but the issues right now with building new plants is getting a design through production that can survive the review process. Costs come down on the second plant because you have a design you can clone rather than developing it from scratch.
There are already several uses by several countries in using miniature nuclear power plants. This is just an attempt to make it more available to everyone.
Nuclear has never been competitive in terms of cost against the alternatives, first coal and gas, now renewables. In fact, nuclear is only getting more expensive. I really don't understand why you want to pay more for power than is necessary. I don't.