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by epistasis
3082 days ago
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There are billions upon billions of dollars spent on nuclear, it just doesn't produce any new capacity. Look at the failure of VC Summer, and what seems to be the imminent failure of Vogtle. Since no private company is willing to take on the financial risk of building nuclear power, the federal government provides massive loan guarantees. For the "nuclear renaissance" to take place, state governments passed special laws so that the utility's rate payers took on all the risk of the failed builds. And the failed VC Summer build in South Carolina accounts for double digit percentages of current electricity bills for the utility's customers. If somebody can figure out how to do project management, engineering, and the logistics of construction, there are lots of communities eager to welcome nuclear. But the industry has failed to deliver capacity even when given every opportunity to build. |
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[1] https://www.sciencedirect.com/science/article/pii/S030142151...