Utah's Nuclear Power Plant Plan Collapses, Sending Shares Plummeting
TL;DR
Utah Associated Municipal Power Systems (UAMPS) and NuScale have abandoned their decade-long plan for the "Carbon Free Power Project," which aimed to provide nuclear power to 27 communities in Utah by 2029. The project was canceled due to a lack of commitment from utilities and government power systems, resulting in insufficient partners. The cost of the project had more than doubled since its proposal, reaching over $9 billion, with UAMPS only committing to 26% of the power it was expected to produce. UAMPS is now focusing on alternative energy sources, including wind, solar, geothermal, and natural gas, to meet the region's growing demand for electricity.
- Utah cities abandon their decadelong plan for a nuclear power plant in Idaho Salt Lake Tribune
- 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 Yahoo! Voices
- The First Small-Scale Nuclear Plant in the US Died Before It Could Live WIRED
- Shares in Portland nuclear company plunge after Idaho reactor deal collapses OregonLive
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