"NuScale Cancels First-Of-A-Kind Nuclear Project As Costs Surge"

"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."

Zach Bright reports for E&E News November 9, 2023.

SEE ALSO:

"Nuclear Energy Project in Idaho Is Canceled" (New York Times)

Source: E&E News, 11/10/2023