Another green energy project cancelled

A separate thread here on METAR recently documented how some off-shore wind energy projects have been cancelled, largely due to rising costs and supply chain issues.

Inflation doesn’t only affect the wind power industry.

The exact reasons are not yet disclosed, but the NuScale SMR nuclear project in Idaho has reportedly been terminated.

From the Reuters article…
NuScale said in January the target price for power from the plant is $89 per megawatt hour, up 53% from the previous estimate of $58 per MWh, a jump that raised concerns about whether customers would be willing to pay.

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This isn’t necessarily the end of the line for NuScale. The company has a federally approved design for its small modular reactor, and there are other interested customers in Ohio, Pennsylvania and elsewhere. But this UAMPS news is definitely a setback.

  • Pete