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The US is trying to kick-start a “nuclear energy renaissance” | Push to revive nuclear energy relies on deregulation; experts say strategy is misplaced.
Push to revive nuclear energy relies on deregulation; experts say strategy is misplaced.
Multiple analyses have concluded that, because of rising construction and operating costs, SMRs might not be financially viable enough to compete for the world’s energy markets, including in developing countries that lack affordable access to electricity. Some have begun pouring concrete, such as one nuclear company called Kairos Power that began building a demo of their SMR design in Tennessee; the plant is projected to be fully operational by 2027. The Trump administration places the blame for the nuclear sector’s stagnation on the NRC, which oversees licensing and recertification processes that cost the industry millions of dollars each year in compliance.
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