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E&E: NuScale cancels first-of-a-kind nuclear project as costs surge
NuScale cancels first-of-a-kind nuclear project as costs surgeBy Zach Bright | 11/09/2023 06:48 AM EST
The country’s first expected commercial small modular reactor was scrapped by NuScale Power on Wednesday, delivering a major setback to the advanced nuclear industry.
NuScale and the Utah Associated Municipal Power Systems (UAMPS), a group of local electric utilities that had agreed to purchase power from the project, mutually decided to terminate what was known as the Carbon Free Power Project (CFPP), according to a news release. NuScale is the only U.S. developer with a design approved by the Nuclear Regulatory Commission (NRC) for a small modular reactor (SMR).
The project was supposed to consist of six 77-megawatt SMRs, generating a total of 462 MW, and come online in 2029. It was to be located near Idaho Falls, Idaho, at the Department of Energy’s Idaho National Laboratory.
…
But substantial cost overruns and delays from its originally scheduled 2026 operational date spooked utilities that are members of the UAMPS, leading several to withdraw from a 2019 agreement to buy 200 MW from the reactors once completed. The project previously was the subject of intense discussion among UAMPS members.
…
The country’s first expected commercial small modular reactor was scrapped by NuScale Power on Wednesday, delivering a major setback to the advanced nuclear industry.
NuScale and the Utah Associated Municipal Power Systems (UAMPS), a group of local electric utilities that had agreed to purchase power from the project, mutually decided to terminate what was known as the Carbon Free Power Project (CFPP), according to a news release. NuScale is the only U.S. developer with a design approved by the Nuclear Regulatory Commission (NRC) for a small modular reactor (SMR).
The project was supposed to consist of six 77-megawatt SMRs, generating a total of 462 MW, and come online in 2029. It was to be located near Idaho Falls, Idaho, at the Department of Energy’s Idaho National Laboratory.
…
But substantial cost overruns and delays from its originally scheduled 2026 operational date spooked utilities that are members of the UAMPS, leading several to withdraw from a 2019 agreement to buy 200 MW from the reactors once completed. The project previously was the subject of intense discussion among UAMPS members.
…
A nuclear reactor behind schedule and over budget!? I’m shocked!
