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Advanced Nuclear Power Project Scrapped, In Blow To Biden Administrations' Clean Energy Agenda

10 Nov 2023 | Abstracted from Market Watch

"Oregon-based NuScale Power...has the only small modular nuclear reactor design certified for use in the United States... it was unlikely the project will have enough subscriptions from local power providers to continue...Most prospective subscribers were unwilling to take on the risks associated with developing a first-of-a-kind nuclear project..Costs have increased more than 50% in the last two years to $89 per megawatt hour."

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