NuScale Cancels First-of-its-Kind Small Modular Reactor Project Amid Rising Costs!

Photo Source- NuScale Power Corporation

NuScale Power Corp. halts its trailblazing small modular reactor project, a setback for nuclear innovation.

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Rising costs force NuScale to cancel its U.S.-approved, first-of-its-kind SMR project, impacting shares.

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CEO John Hopkins cites an unattainable 80% commitment threshold as a key factor in the project's demise.

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The CFPP's cancellation mirrors challenges faced by the nuclear sector, balancing innovation and cost.

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NuScale's decision echoes the difficulties of new energy technologies, reminiscent of the Solyndra case.

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Despite the setback, NuScale remains committed to advancing SMR technology in future endeavors.

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The Nuclear Energy Institute maintains optimism for SMRs, highlighting global clean energy needs.

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Critics suggest redirecting investments towards established renewables like solar and wind.

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NuScale's experience from the CFPP is poised to inform and shape future nuclear projects.

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