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Bad news for NuScale.

The unpredictable costs of nuclear have stung another US pioneer. NuScale, which received regulatory approval in January for its Voygr design, is the first SMR to get final approval from the Nuclear Regulatory Commission (NRC) for deployment in the US.

At the same time as it announced approval, however, NuScale that the cost of its systems has expanded, so it now expects to deliver electricity at $90 per MWh, instead of the $55/MWh it initially promised.

That’s significant because, despite receiving $4.2 billion in subsidies, NuScale is now promising electricity which is much more expensive than that from renewable sources such as solar and wind. Without funding from the Inflation Reduction Act and previous government schemes, NuScale’s power would be around $120/MWh, according to Utility Dive.

From : Last Energy claims to have sold 24 nuclear reactors in the UK for £2.4 billion

Last’s 20MW disposable power plants join a queue of six companies selling SMRs in Britain more


March 23, 2023 - Posted by | business and costs, Small Modular Nuclear Reactors

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