Another dodgy Special Purpose Acquisition Company (SPAC) set up to promote small nuclear reactors.
https://www.youtube.com/watch?v=AAJTkL99anI&t=22s
Nuclear SMR developer X-energy to merge with Ares Management-backed SPAC, creating $2B company, Utility Dive, Stephen Singer, Dec. 7, 2022
Dive Brief
- X Energy Reactor Co., a developer of small modular nuclear reactors and fuel technology, is merging with a special purpose acquisition company backed by private equity firm Ares Management Corp., X-energy announced Tuesday. The deal would establish a combined publicly traded company valued at $2 billion.
- The company will receive about $1 billion in cash in the trust account of Ares Acquisition Corp., the SPAC, assuming no redemptions by shareholders. Investments and financing commitments include $75 million from Ares Management and $45 million from Ontario Power Generation and Segra Capital Management.
……………………… X-energy, based in Rockville, Maryland, is advancing nuclear generation through a high-temperature gas-cooled small modular reactor, or SMR, the Xe-100, and its fuel, TRISO-X. The reactor is engineered to operate as a single 80-MW unit and optimized as a four-unit plant delivering 320 MW.
……………………. Edwin Lyman, director of Nuclear Power Safety at the Union of Concerned Scientists, questioned the “fundamental economic justification” for SMRs.
“A small reactor is going to produce more expensive electricity than large ones,” he said.
Backers defend SMRs as benefiting from economies of scale, but that’s not been demonstrated, Lyman said. “It would require a large order book and experience,” he said.
…………………………. At the closing of the deal, which is expected in the second quarter of 2023, the combined company will be named X-Energy Inc. and will be listed on the New York Stock Exchange. https://www.utilitydive.com/news/X-energy-ares-managment-spac-merger-small-modular-nuclear-smr/638097/
Sizewell C nuclear – a huge black hole for taxpayers’ money
“If the Chancellor is looking for cheap, reliable, energy independence,
he is backing the wrong project, as Sizewell C’s ultimate cost and
technical reliability are so uncertain and building it is reliant on French
state-owned EDF.
Green-lighting Sizewell C also loads more tax onto
struggling households, who would be forced to pay a nuclear levy on bills
for a decade before they could light a single lightbulb. Despite the
Chancellor’s statement, Sizewell C still needs financing, and with at least
a year before it’s decided whether it will finally go ahead, we’ll keep
fighting this huge black hole for taxpayers’ money, when there are cheaper,
quicker ways to get to net zero.”
Stop Sizewell C 3rd Dec 2022
Macron pushes a “renaissance” while French nuclear flops

A farce that would make Feydeau blush — Beyond Nuclear International
A farce that would make Feydeau blush — Beyond Nuclear International
Secrecy on USA’s new nuclear stealth bomber, and of course, secrecy on its cost to taxpayers.


The fact that the price is not public troubles government watchdogs.
Pentagon unveils new nuclear stealth bomber after years of secrecy The HillBY THE ASSOCIATED PRESS VIA NEXSTAR MEDIA WIRE – 12/02/22
WASHINGTON (AP) — America’s newest nuclear stealth bomber is making its public debut after years of secret development and as part of the Pentagon’s answer to rising concerns over a future conflict with China.
The B-21 Raider is the first new American bomber aircraft in more than 30 years. Almost every aspect of the program is classified. Ahead of its unveiling Friday at an Air Force facility in Palmdale, California, only artists’ renderings of the warplane have been released. Those few images reveal that the Raider resembles the black nuclear stealth bomber it will eventually replace, the B-2 Spirit.
The bomber is part of the Pentagon’s efforts to modernize all three legs of its nuclear triad, which includes silo-launched nuclear ballistic missiles and submarine-launched warheads, as it shifts from the counterterrorism campaigns of recent decades to meet China’s rapid military modernization………………………………….
Six B-21 Raiders are in production; The Air Force plans to build 100 that can deploy either nuclear weapons or onventional bombs and can be used with or without a human crew. Both the Air Force and Northrop also point to the Raider’s relatively quick development: The bomber went from contract award to debut in seven years. Other new fighter and ship programs have taken decades.
The cost of the bombers is unknown. The Air Force previously put the price for a buy of 100 aircraft at an average cost of $550 million each in 2010 dollars — roughly $753 million today — but it’s unclear how much the Air Force is actually spending.
The fact that the price is not public troubles government watchdogs.
“It might be a big challenge for us to do our normal analysis of a major program like this,” said Dan Grazier, a senior defense policy fellow at the Project on Government Oversight. “It’s easy to say that the B-21 is still on schedule before it actually flies. Because it’s only when one of these programs goes into the actual testing phase when real problems are discovered. And so that’s the point when schedules really start to slip and costs really start to rise.”
The Raider will not make its first flight until 2023. However, using advanced computing, Warden said, Northrop Grumman has been testing the Raider’s performance using a digital twin, a virtual replica of the one being unveiled.
…………………… Given advances in surveillance satellites and cameras, the Raider will debut very much under wraps and will be viewed inside a hangar. Invited guests including Defense Secretary Lloyd Austin will witness the hangar doors open to reveal the bomber for its public introduction, then the doors will close again. https://thehill.com/homenews/3759575-pentagon-unveils-new-nuclear-stealth-bomber-after-years-of-secrecy/
UK government to take 50% stake in the French development of Sizewell C nuclear station

Ed note: This is the Tory government plan. But didn’t they pinch the Great British Energy idea from Labour?
Sizewell C project takes major step forward as government unveils plans to establish Great British Energy, a new arms-length public body to oversee UK nuclear power pipeline. The government has approved plans to build the UK’s
first new nuclear power plant in a quarter of a century, today confirming it has agreed to invest £679m to take a 50 per cent stake in the Sizewell C project being developed in Suffolk by French energy giant EDF.
Then”historic” investment will see the UK government become joint shareholder in Sizewell C alongside developer EDF, which will also provide additionalminvestment to match the UK government’s stake, muscling out previousmshareholder China’s CGN in the process.
EDF and the government now plan to work together to attract further third-party investment in the 3.2GW low carbon power project, which once completed would be expected to provide enough power to meet the needs of six million homes for more than 50 years.
In addition, the government today also announced plans to establish Great British Nuclear, a new arms-length public body to help develop a pipeline of new nuclear projects. More details are expected early in the new year, including on the government’s funding commitment to the new body.
Business Green 29th Nov 2022
Emmanuel Macron picks a bad time to promote France’s nuclear nuclear technology in a marketing tour to USA

With 40 percent of France’s nuclear power plants offline, there could hardly be a more awkward time to promote the country’s know-how
Macron to promote nuclear energy in U.S., as industry faces crisis in France, By Rick Noack, November 29, 2022, PARIS — As French President Emmanuel Macron makes the rounds in Washington starting Wednesday for the first state visit of the Biden administration, high on his agenda are his plans for a nuclear energy “renaissance.” His entourage includes the major players from France’s nuclear energy industry, who will be looking to the French leader to help boost the development and export of their technology, including smaller and more versatile reactors.
But there could hardly be a more awkward time to promote French nuclear know-how.
While Macron was preparing to head to Washington, France was relying on planes traveling in the opposite direction to prevent its nuclear-reliant power grid from collapsing. U.S. and Canadian contractors have been flown in to help after safety concerns forced the closure of half of the country’s nuclear power plants. Last week, 23 out of 56 were still offline, due to concerns over corrosion cracks and an accumulation of pandemic-related inspection delays.
………….. instead of bolstering its position as an energy exporter, France has had to import electricity from Germany — the country hit hardest by the shift away from Russia. And Britain, which normally depends on France for energy to get through winter, is talking about having to encourage people to keep their ovens and dishwashers off to avoid blackouts.
Other French neighbors, including Belgium, Switzerland and parts of Italy, may be under even more pressure as a result of the French reactor problems, said Clement Bouilloux, country manager for France at energy consultancy EnAppSys.
“Everyone was relying on the French nuclear power plants,” he said.
The situation has tarnished France’s reputation as a nuclear power leader and may have contributed to the country missing out on key contracts. Only weeks ago, France’s state-owned energy company EDF lost the first part of a $40 billion contract for Poland’s first nuclear power plant to U.S. company Westinghouse………………………………………………………..
Macron has acknowledged that the French industry has “fallen behind,” but he has defended its ability to recover, striking deals on nuclear energy cooperation in recent months with countries including India and Britain.
Macron is scheduled to attend a nuclear energy session on Wednesday, alongside four French cabinet members and several executives from the country’s major nuclear energy firms and its public regulator, the Élysée Palace said last week.
A French official added Monday that one area where France anticipates possible mutual interests is the development of small modular reactors (SMRs)…………….. https://www.washingtonpost.com/world/2022/11/29/macron-us-state-visit-nuclear-france/
Sizewll C nuclear white elephant could cost up to £43 billion

Grant Shapps follows Johnson and Kwarteng’s example by purposefully
avoiding any discussion or interaction with those directly affected by the
proposed Sizewell nuclear development during his recent visit to Sizewell
while reconfirming the government’s commitment to the £700m investment by
way of joining EDF in a 50:50 partnership in the Sizewell C White Elephant
financial sink hole on Suffolk’s eroding coast.
Jenny Kirtley, Chair of Together Against Sizewell C, said today, ‘There is nothing new in terms of
funding – this announcement still doesn’t go beyond the £700m already
promised, followed by a lot of sticking plasters to protect the government
from the criticism of doing nothing for years to drive down electricity on
the demand side. A pathetic response from a delusional government that is
long past its sell-by date.
The government’s own risk assessment forecasts
that Sizewell C may cost up to £43 billion –
yet another example of this government’s willingness to squander £billions of public money on a project
that may never operate as it still requires the resolution of EDF’s inability to secure a permanent and reliable supply of a potable water.
TASC 29th Nov 2022
UK government desperate for investors in its Sizewell C nuclear project, as it pays out the Chinese company previously involved

Construction will not begin in earnest until the consortium has raised close to £20bn of equity and debt from private investors. That fundraising could take at least a year and has no guarantee of success.
The UK government is to pay Chinese state-owned power group CGN over £100mn to exit Britain’s £20bn Sizewell C nuclear energy project in a bid to reduce Beijing’s involvement in the country’s infrastructure. The payment to CGN for its 20 per cent stake in the proposed nuclear plant in Suffolk is part of a £679mn UK state investment in Sizewell first announced by former prime minister Boris Johnson in September and finalised on Tuesday.
Construction will not begin in earnest until the consortium has raised close to £20bn of equity and debt from private investors. That fundraising could take at least a year and has no guarantee of success. UK government officials said that the departure of CGN would clear the way for US investors to put money into Sizewell C, since the Chinese company has been put under US sanctions.
CGN remains a minority 33 per cent investor in Britain’s giant Hinkley Point C nuclear power station in Somerset, another
EDF led project. Although this has already been delayed by several years, it is intended to be the first of a new generation of nuclear power stations. The Chinese group also controls a site at Bradwell-on-Sea in Essex, where it hopes to be the lead investor in a new generator.
CGN’s planned use of its own reactor technology at Bradwell received former approval from Britain’s nuclear regulator in February. But ministers think that ultimately it will not be allowed to build at the site, which they expect to change hands in due course.
FT 29th Nov 2022
https://www.ft.com/content/a9a34ea3-649f-4a47-a4c8-ee269e07eccc
New Mexico’s revolving nuclear door: top environment officials sell out to nuclear weapons lab.

Santa Fe, NM – As part of a long, ingrained history, senior officials at the New Mexico Environment Department (NMED) have repeatedly resigned to go to work for the nuclear weapons labs, the Department of Energy, or DOE contractors. In a number of cases that is where they came from to begin with.
The hierarchy of leadership at NMED starts with the Secretary, Deputy Secretaries and then Division Directors. The position of Resource Protection Division Director is particularly critical because it oversees the two NMED bureaus most directly involved with DOE facilities in New Mexico, the Hazardous Waste Bureau and the DOE Oversight Bureau. However, all four former or current Resource Protection Division Directors have gone or are going to work for the nuclear weapons labs, the DOE or its contractors. They are:
• Chris Catechis, currently Acting Resource Protection Division Director, is reportedly assuming a job at the Los Alamos National Laboratory (LANL) within days. Prior to NMED he had worked at the Sandia National Laboratories for 22 years.[1]
• Catechis’ immediate supervisor Stephanie Stringer resigned October 31 to go to work for DOE’s semi-autonomous nuclear weapons agency, the National Nuclear Security Administration (NNSA). She was Resource Protection Division Director prior to being promoted to Deputy Cabinet Secretary for Operations (second only to NMED Secretary James Kenney).
• J.C. Borrego resigned as NMED Acting Deputy Secretary and Acting Resource Protection Division Director in the last months of the Governor Martinez Administration to go to work for the Sandia National Laboratories.• During the Martinez Administration, Kathryn Roberts resigned as Resource Protection Division Director to go to work for a DOE contractor. Prior to NMED she had worked at LANL for four years as Group Leader for Regulatory Support and Performance.
This begs the question of whether the positions of NMED Deputy Directors and Resource Protection Division Directors are being intentionally targeted for co-optation by the nuclear weapons industry. The Environment Department remains underfunded and understaffed, but in contrast DOE will spend $9.4 billion in FY 2023 on nuclear weapons and related programs in New Mexico. [2] This is astonishing when the state’s entire operating budget is $8.5 billion. Exactly what the benefits are for New Mexicans from all of this nuclear weapons spending is not clear. On the downside, the Land of Enchantment is a target for nuclear waste dumping. At the same time, New Mexico is rated dead last in education[3] and quality of life for children.[4]
DOE’s largest expenditures in New Mexico are for the aggressive expansion of the production of plutonium “pits,” the radioactive cores of nuclear weapons. This will generate yet more radioactive wastes and contamination that should require robust regulation and enforcement. Despite that, top NMED officials are subverting their loyalties during an ongoing lawsuit by the Environment Department against DOE seeking to terminate a 2016 “Consent Order” that condones weak cleanup at the Lab.
The Deputy Directors and the Resource Protection Division Directors serve at the pleasure of the Governor. Yet their actions seemingly conflict with a “Code of Conduct” that Governor Michelle Lujan Grisham stipulated for state employees. It decreed:
“You shall treat your government position as a public trust… only to advance the public interest and not to obtain personal benefits… Full disclosure of real or potential conflicts of interest shall be a guiding principle… You shall not engage in any other employment or activity that creates a conflict of interest… you shall disclose any anticipated outside employment before it begins… violating some provisions of this Code of Conduct may subject you to potential civil enforcement actions and criminal penalties under the law.”[5]
To illustrate how these changing loyalties can potentially compromise environmental protection in New Mexico, Stringer and Catechis were centrally involved in recent and pending NMED decisions on:
• Granting “temporary authorization” to the Waste Isolation Pilot Plant (WIPP), the nation’s only designated permanent radioactive waste dump, to drill a new ventilation shaft to support its expansion.
• Extending WIPP’s hazardous waste permit. The current permit expired in 2020 but has been administratively continued. DOE is now seeking to have it indefinitely extended. More than half of WIPP’s future capacity will be reserved for plutonium wastes from expanded nuclear weapons production.
• Allowing or not allowing LANL to release up to 100,000 curies of gaseous radioactive tritium into the air.
• Approving or not LANL’s request to “cap and cover” existing buried radioactive and toxic wastes, instead of comprehensive cleanup that would eliminate the threat to groundwater.
• NMED’s lawsuit against DOE to terminate the ineffective 2016 Consent Order governing cleanup at LANL.
NMED Deputy Secretary Stephanie Stringer doubled as Chair of New Mexico’s Water Quality Control Commission (WQCC). She recently opposed a motion by the citizen groups Concerned Citizens for Nuclear Safety (CCNS) and Honor Our Pueblo Existence to reverse a state groundwater discharge permit. CCNS’ Joni Arends questioned Stringer’s decision, saying, “The important LANL Radioactive Liquid Waste Treatment Facility (RLWTF) handles, treats and stores hazardous wastes, hence it is required to be regulated by the NM Hazardous Waste Act. But under her leadership, the Water Quality Control Commission rejected our petition for review of the permit on jurisdictional grounds, while granting a stay of the proceedings as requested by NNSA.”
“We learned that Stringer submitted her job application to NNSA on August 7, two days before a WQCC hearing that she presided over as Chair. On August 30, she signed the Commission’s order granting the NNSA’s motion to stay all proceedings on the RLWTF. The very next day NNSA offered Stringer a salaried position. On October 31, 2022, Stringer resigned her position with NMED and on November 6 reported for work at NNSA. At no time did Stephanie Stringer disclose her new job before leaving NMED. Her conduct disqualified her from serving on the WQCC and is highly improper and in violation of the Governor’s Code of Conduct – all to the detriment of the citizens and environment of New Mexico.”[6]
The example of former Resource Protection Division Director Kathryn Roberts is particularly troubling. After working at LANL she was employed at NMED and in time became the Resource Protection Division Director. In that capacity she was the lead negotiator with Christine Gelles, then-manager of the DOE Environmental Management Los Alamos field office, for a revised 2016 Consent Order that weakened cleanup at LANL. Roberts resigned from NMED a half year after the revised Order went into effect, joining Gelles at Locknecker and Associates, a LANL cleanup contractor.[7] The new Consent Order allowed the Lab to settle any outstanding violations of the more stringent and enforceable 2005 Consent Order. Existing violations were waived when New Mexico could have collected more than $300 million in stipulated penalties had NMED vigorously enforced the 2005 Consent Order. At the time, the Land of Enchantment was facing a budget crisis with a projected $600 million deficit. In effect, NMED gave away half of that deficit to a polluting nuclear weapons site that now has an annual budget of $4.5 billion.
Other examples of NMED’s revolving door of regulators selling out to the regulated:
• Katheryn Robert’s immediate boss at the time, NMED Secretary Ryan Flynn, resigned to become executive director of the New Mexico Oil and Gas Association that lobbies against environmental regulations.
• In the 1990’s, after drafting state regulations governing the release of mixed radioactive and hazardous air emissions, NMED air quality specialist Bill Blankenship left to work at LANL, in part to enable a Clean Air Act permit for a major plutonium facility for nuclear weapons.
• Pete Maggiore, NMED Secretary July 1998 – August 2002, joined NNSA’s Los Alamos Office in 2011.
• Susan McMichael, NMED Office of General Counsel in the late 1990’s, resigned to become an attorney for LANL.
• Kathryn Lynnes, Environmental Compliance Specialist, Hazardous Waste Bureau 2004 – 2006, subsequently worked for LANL and then for the Air Force on the Kirtland Air Force Base’s aviation fuel groundwater contamination, a very contentious issue for the State of New Mexico.
Jay Coghlan, Nuclear Watch New Mexico Director, commented, “New Mexico needs to quit being a nuclear banana republic. We can’t have our top Environment Department officials selling out to the state’s largest polluters. I call upon the Governor to enforce the Code of Conduct that she stipulated. Moreover, state legislators should pass a law that the regulators can’t go to work for the regulated for at least two years after leaving their positions with the New Mexico Environment Department.”
Ineos corporation to join Rolls Royce’s messy consortium, to push for Small Nuclear Reactors in the Great British Nuclear Swindle

Rolls-Royce is in talks with Ineos to build a mini nuclear reactor to power the chemicals group’s Grangemouth refinery.

Rolls is heading a government-backed consortium to develop between 20 and 30 small modular nuclear reactors but is in need of customers to help to reduce the risk of the venture.
Ministers are finalising plans to support SMRs through a body called Great British Nuclear, which will be responsible for getting
planning permission and undertaking the preparation work on the new sites. Rolls’ talks with Ineos, first reported by The Sunday Telegraph, are understood to be at an early stage. Ineos’s Grangemouth refinery in Scotland is a joint venture with PetroChina and refines crude oil and produces chemicals.
Times 28th Nov 2022
UK government PR exercise “Great British Nuclear” headed for financial failure.

Letter Steve Thomas: Six months after it was announced, it is clear that
Great British Nuclear was no more than a government PR exercise. You report
that it “could prevent a repeat of the Wylfa and Cumbria farragoes”.
That would be remarkable.
The Cumbria project failed because the reactor
supplier, Westinghouse, went bankrupt; Wylfa failed because, although the
government offered to take a 30 per cent stake, no other investors came
forward.
he problem with nuclear is not that we don’t have the
organisation quite right. It’s that nuclear is far too expensive and
economically risky and takes much too long to build to be any use.
Times 25th Sept 2022
https://www.thetimes.co.uk/article/admit-it-nuclears-going-nowhere-tclmnr89f
Middle East investors and French developers for Sizewell C nuclear station to be paid by “an extra tax” on UK public’s bills ?

Alison Downes of campaign group Stop Sizewell C criticised the idea of foreign investors paid with money from ‘an extra nuclear tax on our bills’. She added: ‘The promise of UK energy independence looks pretty hollow if Sizewell C turns out to be French-built and Middle East-funded.’
UAE wealth fund may invest in Sizewell C – Mubadala one of main names in frame to back £20bn nuclear plant. Emirati sovereign wealth fund Mubadala has been tipped as a potential investor in Sizewell C. Sources said the investment group, whose board includes the owner of Manchester City FC, is one of the main names in the frame to back the £20billion nuclear plant.
They suggested talks with the fund may already have taken place. Mubadala is chaired by UAE president Sheikh Mohamed bin Zayed Al Nahyan. Its vice-chairman Sheikh Mansour bin Zayed Al Nahyan bought Manchester City in 2008.
The Government is expected to give the go-ahead to Sizewell C within days with a ‘general investment decision’ that will formalise taxpayer support. The Government and French energy firm EDF, which is developing the power station, are each taking a 20 per cent stake. They are racing to recruit investors to fill a 60 per cent funding gap.
Ministers have put in place a new funding model, the ‘regulated asset base’, which lets investors receive cash back during construction. This is intended to attract pension funds and institutional investors. But they are also said to be approaching potential supporters in the Middle East, Australia and North America.
Alison Downes of campaign group Stop Sizewell C criticised the idea of foreign investors paid with money from ‘an extra nuclear tax on our bills’. She added: ‘The promise of UK energy independence looks pretty hollow if Sizewell C turns out to be French-built and Middle East-funded.’
A BusinessDepartment spokesman said it would ‘not be appropriate to comment on potential investors’.
Mail on Sunday 26th Nov 2022
https://www.thisismoney.co.uk/money/markets/article-11472637/UAE-wealth-fund-invest-Sizewell-C.html
Kamala Harris, nuclear saleswoman extraordinaire, touting small nuclear reactors to Thailand

US to help Thailand harness nuclear energy, Manila Times. By Agence France-Presse, November 28, 2022
IN SEARCH OF CLEAN FUEL A staff member works at the production line of Dunan Metals Co. Ltd in the Thai-Chinese Rayong industrial zone in Rayong province, Thailand, Nov. 8, 2022. The United States will help Thailand develop nuclear power through a new class of small reactors, part of a program aimed at fighting climate change, Vice President Kamala Harris announced on a visit Saturday, November 26. XINHUA PHOTO
BANGKOK: The United States will help Thailand develop nuclear power through a new class of small reactors, part of a program aimed at fighting climate change, Vice President Kamala Harris announced on a visit Saturday.
The White House said the assistance was part of its Net Zero World Initiative, a project launched at last year’s Glasgow climate summit in which the United States partners with the private sector and philanthropists to promote clean energy.
Thailand does not have nuclear power, with the public mood on the issue souring after the 2011 Fukushima disaster in Japan.
The White House said it would offer technical assistance to the Southeast Asian country to deploy the developing technology of small modular reactors, which are factory-built and portable………………
The White House did not give a timeline but said it would support Thailand, which is highly vulnerable to climate change, in its goal of going carbon neutral by 2065.
Harris is visiting the US ally for an Asia-Pacific Economic Cooperation summit and discussed climate efforts in a meeting with Thai Prime Minister Prayut Chan-O-Cha………… https://www.manilatimes.net/2022/11/28/news/world/us-to-help-thailand-harness-nuclear-energy/1868041
Small Modular Nuclear Reactor cost overruns: the same old problems haunt new nuclear in Utah

Much hope is being placed on Small Modular Reactors (SMR) making new
nuclear plants competitive. But David Schlissel at IEEFA summarises their
research into the publications, updates and statements coming from the
stakeholders involved with the SMR by UAMPS (Utah Associated Municipal
Power Systems) and NuScale Power Corporation that shows that costs are
going out of control, a persistent problem in the nuclear industry.
The original target power price of $55/MWh has risen to $100 (with subsidies)
and is likely to rise further by the time it’s switched on in 2030, says
Schlissel. Construction costs and delays are the main causes (as usual). So
concerned are potential customers that, since February 2022, only 101MW of
the plant’s total 462MW have been subscribed to.
It will be difficult to
secure financing for the plant without a fully subscribed project.
Meanwhile, IEEFA figures say renewable resources and battery storage will
provide reliable electricity at lower cost than the UAMPS plant, even if
the price for the power from the project is just $58 per MWh. And
renewables and battery costs are still declining.
Energy Post 25th Nov 2022 more https://energypost.eu/small-modular-reactor-cost-overruns-the-same-old-problems-haunt-new-nuclear-in-utah/
The projected cost of new nuclear power has risen by fourfold since 2008 – and it is still rising

The projected cost of new nuclear power has risen by almost fourfold since
the UK Government made estimates in 2008, and the cost is still rising.
Nuclear analysts warn that the cost to consumers of funding Sizewell C
through the so-called ‘Regulatory Asset Base’ (RAB) model will be much
higher than has been projected by the Government.
In 2008 as the Government argued for more nuclear power stations to be built, the Government, in a
White Paper on nuclear costs, said that each 1.6 GWe EPR reactor would cost
around 2.8 billion. But the most recently released (by EDF) cost of the
Hinkley C EPR double reactor is £25.5 billion (in 2015 prices) and assumes
the plant will be completed by 2027.
This equates to £12.75 billion per
each 1.6 GWe reactor, as reported by World Nuclear News. This is nearly
four times the estimate made by the UK Government in 2008 after inflation
is taken into account.
100% Renewables 25th Nov 2022
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