Nuclear Power Just Took A Huge Step Backwards

Nuclear power is utterly remarkable. Despite popular opinion, it is one of the safest and lowest carbon forms of energy. It is also one of the few on-demand forms of low-carbon energy. As such, it will be a crucial technology as we transition to net-zero. However, the nuclear industry faces a massive problem: it costs too much. New nuclear power plants cost tens of billions of dollars and take well over a decade to build, and once built, the energy they produce is some of the most expensive on the market. This has led many governments and energy providers to distance themselves from this planet-saving technology. But a new type of reactor called an SMR promises to solve all of these issues and kick-start a nuclear renaissance, saving the nuclear industry. However, a pioneering SMR project has just been cancelled because costs are ballooning out of control. So, the question has to be asked: is the future of nuclear energy doomed? Possibly not. <a href="https://medium.com/predict/nuclear-power-just-took-a-huge-step-backwards-1c2a4135cf71">Learn More</a>