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The Extraordinary Financial Costs Of Nuclear Power
22 Mar 2024 | Abstracted from Cosmos Magazine
"US company NuScale...cancelled its first planned installation in Utah last November when the initial cost blew out to USD$9 billion, corresponding to USD$20 billion per GW."These high costs and long delivery durations for full-scale reactors are the reasons SMRs are proposed as a way forward in Australia. However, SMRs are a new technology. There are none in operation or construction in any OECD countries, thus it is not possible to estimate the costs or delivery schedules."
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