The fate of the nuclear industry gloomy, with the collapse of Small Modular Reactors

Report: New Nuclear Power Technology Would Siphon Resources Away From Renewable Energy, PROGRESS ILLINOIS Ellyn Fortino Friday August 8th, 2014 “………With the industry currently unable to garner enough customer and investor interest around SMRs, it is trying to save nuclear power by making a “desperate attempt to undermine the alternatives, which are succeeding,” Cooper added.

The nuclear energy industry “says, ‘Look, just get rid of their subsides. Gerry-rig the market so that we can stay in business. Avoid policies that will let (alternatives) stay in business … and then we’ll have a level playing field.’ But of course it doesn’t look anything like a level playing field,” he said.

Over the past 60 years, the nuclear energy industry has collected 10 times more subsidies than what renewables have received, Cooper said. Government funding for SMR research and development currently represents the smallest subsidy out of many received by the nuclear power industry, he added.

He said the U.S. nuclear energy industry is grappling with a “fundamental conflict.” After failing to bring online 90 percent of new reactors as part of a “nuclear renaissance” suggested by nuclear power advocates in the early 2000s, the hope was that SMR technology would rescue the industry. And since that has yet to happen, the industry is “now struggling to save the aging reactors… simply because they cannot compete against the alternatives available.”

“The death of the small modular reactor hype really is emblematic of the fundamental conflict that’s going on in the industry,” he said. “The near term will decide, not just the fate of nuclear power, but the fundamental approach that we take to addressing the challenge of climate change.”

Looking ahead, Cooper said he questions nuclear power’s place in the emerging “integrated, two-way electricity system based on decentralized alternatives.” In such a system, an “inflexible source of supply like nuclear does not have value,” he said, adding that nuclear power “becomes a burden on the flexible system rather than a benefit.”

Nuclear power, Cooper said, is not a smart “economic proposition” or “portfolio asset” for a low-carbon electricity future.

“And looking carefully at the urgency of dealing with climate change, it’s also the most costly, most risky approach to climate change,” he stressed.


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