In a spirited overview of nuclear prospects, Prof Steve Thomas from Greenwich University says that ‘despite a major public relations push in the media and with policymakers for new nuclear, the anticipated nuclear revival will not happen because of the fundamentals of the technology in terms of cost, construction time, and reliability. Commercial financiers will remain very reluctant to fund these projects if any of the risk falls on them. Nuclear projects also take far too long before a return on investment can begin to be earned, typically more than 15 years from investment decision to first power’. Small modular Reactors (SMRs) are sometimes seen as the way ahead, but Arnie Gundersen , a former nuclear industry executive with 50 years of experience managing 70 nuclear projects says ‘Despite all the headlines and billions in taxpayer subsidies, an SMR will never be built—not in time to matter, and not at a price that makes sense’. He adds ‘I once believe...
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