nuclear-news

Bechtel boss urges US government to share risk of nuclear build-out 

 The construction group that rescued the last big US nuclear energy project
from bankruptcy has called on Washington to share the risk of cost overruns to deliver Donald Trump’s “American nuclear renaissance”.

Bechtel president Craig Albert told the Financial Times industry could deliver on the president’s executive orders to start work on developing 10
large-scale nuclear reactors by 2030. But government and the private sector would need to work together to overcome financing hurdles linked to risks of cost overruns and delays.

“The advice we’ve been giving the government is . .there is overrun risk, and no one company can take it all because they’d be betting their company,” he said in an interview.

“The government has provided very good tax incentives that improve the
rate of return, but that doesn’t address overrun risk, that just improves
the rate of return. So, I do think the government will have a role to
play.”

 FT 28th Oct 2025. https://www.ft.com/content/74d1f5f0-a255-4e63-8ffa-86a9cdf663df

October 30, 2025 - Posted by Christina Macpherson | business and costs, politics, USA