"Nuclear Energy Projects in Idaho and Utah Canceled as Costs Soar"
TL;DR
NuScale Power has announced the cancellation of its Carbon-Free Power Project, which aimed to deliver six small nuclear reactors in Idaho. The project failed to attract enough utility customers, despite more than two dozen utilities signing up to buy electricity from the reactors. The decision to cancel the project was influenced by the rising cost of building the reactors, which had increased to $9.3 billion from $5.3 billion due to rising interest rates and inflation. NuScale's stock price fell over 20% following the announcement.
Topics:businessenergy#cancelation#carbon-free-power-project#energy#idaho#nuclear-energy#nuscale-power
- Nuclear Energy Project in Idaho Is Canceled The New York Times
- First planned small nuclear reactor plant in the US has been canceled Ars Technica
- The U.S. Project Meant To Debut Revolutionary Nuclear Reactors Just Fell Apart HuffPost
- NuScale Cancels Small Nuclear Reactor Power Plant in Utah as Costs Climb Bloomberg
- Small reactor power project comes to halt - Local News 8 LocalNews8.com
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