Small modular nuclear reactor that was hailed by Coalition as future cancelled due to rising costs
by Adam Morton Climate and environment editor from Environment | The Guardian on (#6G80K)
Opposition climate and energy spokesperson had pointed to SMRs as a solution to Australia's energy needs, but experts raise questions over price tag
The only company to have a small modular nuclear power plant approved in the US - cited by the Australian opposition as evidence of a burgeoning" global nuclear industry - has cancelled its first project due to rising costs.
NuScale Power announced on Wednesday that it had dropped plans to build a long-promised carbon free power project" in Idaho. It blamed the decision on a lack of subscribers for the plant's electricity.
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