nuclear-news

Nuclear industry never gives up on its gimmicks and pleas for tax-payer money

John Licata writes, in The Motley Fool April 27, 2014“……..The problem with the floating reactor idea or land-based SMR version is most investors are hard-pressed to fork over money needed for a nuclear build-out that could cost billions of dollars and take over a decade to complete. That very problem is today plaguing the land-based mPower SMR program of The Babcock & Wilcox Co. (NYSE: BWC  ) .

Also, although the reactors would have a constant cooling source in the ocean water, I’d like to see studies that show that sea life is not disrupted. Then there is always the issue with security and power lines to the mainland which needs to be addressed…..

 without the government’s complete commitment to support nuclear power via legislation and a much needed expedited certification process, the idea of a floating SMR plant will be another example of wasted energy innovation that could simply get buried at sea. 

April 28, 2014 - Posted by Christina Macpherson | general