Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
×
Power United States

Several US Utilities Back Out of Deal To Build Novel Nuclear Power Plant (sciencemag.org) 207

Eight of the 36 public utilities that had signed on to help build an innovative new nuclear power plant in the U.S. have backed out of the deal. Science Magazine reports: The withdrawals come just months after the Utah Associated Municipal Power Systems (UAMPS), which intends to buy the plant containing 12 small modular reactors from NuScale Power, announced that completion of the project would be delayed by 3 years to 2030. It also estimates the cost would climb from $4.2 billion to $6.1 billion. "The project is still very much going forward," says LaVarr Webb, a spokesperson for UAMPS, which has nearly four dozen members in Utah, California, Idaho, Nevada, New Mexico, and Wyoming. Although some UAMPS members have dropped out, "promising discussions are ongoing with a number of utilities to join the project or enter into power-purchase agreements," Webb says.

However, critics of the project say the developments underscore that the plant, which is designed by NuScale Power and would be built at the Department of Energy's (DOE's) Idaho National Laboratory, will be untenably expensive. M. V. Ramana, a physicist who works on public policy at the University of British Columbia, Vancouver, says he's not surprised that so many utilities have opted out of the project. The question, he says, is why so many are sticking with it. "They ought to be seeing the writing on the wall and getting out by the dozens," he says.

This discussion has been archived. No new comments can be posted.

Several US Utilities Back Out of Deal To Build Novel Nuclear Power Plant

Comments Filter:
  • Why does this story have a link about a DMCA about test taking software?.

  • by WindBourne ( 631190 ) on Thursday November 05, 2020 @09:52PM (#60690034) Journal
    Nuke energy, along with geothermal and hydro, are not only clean, but provide 24x7 energy. These are needed for base energy since wind,solar, and storage together can not do it, esp in various disasters.
    • To complement wind and solar, you don't need "base power", your need peakers to fill in the troughs.

      Nukes certainly aren't peakers.

    • "since wind,solar, and storage together can not do it, esp in various disasters." - what on earth does that mean because that does not ring true at all.
    • Nuke is dirty like hell.
      It's invisible dirt that will leak out in 100 years, and kill everybody around.

  • Same situation here. My guess would be these 8 have looked at actual numbers and at the exceptionally unfinished state of this "novel" technology. "Highly experimental and extremely risky (economically)" would be more accurate. And look, that is exactly what is happening. Looks like some more people are trying to get rich on nuclear.

  • by wakeboarder ( 2695839 ) on Thursday November 05, 2020 @09:59PM (#60690064)

    If you were going to build a house and they told you it could be 100% more on the day you moved in, would you sign the contract? Probably not... same thing here. The plant couldn't guarantee the cost and so the cities backed out. It's not a good idea to buy power for your citizens if you can't guarantee the cost of the power. Uncertainty with a new design is not what municipalities need.

    • Indeed. The point of this project is that it was supposed to fix the delays and cost overruns that have plagued other nuclear construction projects.

      But it turns out to be just more of the same.

      Bad news tends to dribble out. So if they continued, the cost would continue to creep up.

      • Usually engineers underscore risk with new tech to sell it, then when they get into the project they have to change it. Change is expensive.

    • by AmiMoJo ( 196126 )

      They were supposed to have solved the constant over-budget problems by having smaller, mass produced reactors. Seems like it didn't work.

      And in any case by 2030 will there even be much demand for this type of plant? The grid is changing to support renewable energy and the profitability of anything that doesn't fit in with that (e.g. ability to vary output quickly, very low cost and very low CO2 emissions) is struggling to get funding.

      • by jbengt ( 874751 )

        They were supposed to have solved the constant over-budget problems by having smaller, mass produced reactors. Seems like it didn't work.

        To be fair, they haven't gotten to the money-saving mass-production part yet. Doesn't mean they will get there, but as of now, it's not known that they can't.

        • No, it is known that they can't. There are per-unit costs which prohibit it making things cheaper.

          Reactors are already mostly based on known designs, if reusing designs made them cheaper, they would already be cheaper.

    • 'Experiments' should not be the realm of regular utilities and municipalities.

      You either need some rich person/company willing to play with their money or you need a large government backed project.

      Bill Gates is kind of playing here with TerraPower and has worked with all kinds of government funding as well. A nice combination of the two :)

      Admittedly, government's can waste a lot of money, often with wasteful consequences. Yet, there has to be a certain appetite for risk when it makes sense and the amounts

  • by FeelGood314 ( 2516288 ) on Thursday November 05, 2020 @11:22PM (#60690298)
    Most utilities have their rates set such that they get a guaranteed return on their capital. I worked on a very large pilot project of a few hundred thousand homes in Oklahoma. We reduced the 60% of households who took advantage of our change by a median amount of $50 per month and would have prevented the building of two peaker plants. (the utility was also saving a non-trivial amount per household that took advantage of it) The public regulator's policies were such that it was more profitable to scrap the new technology and build the plants instead. The regulator actually wanted the utility to further lower their rates so that they wouldn't make any money at all from rolling out the new tech. It was probably the first time I had worked on a green project that wasn't sabotaged by environmentalist or advocates for the poor and we got crushed by political stupidity.
    • by PPH ( 736903 )

      But if you read the summary/article, it's primarily public utilities that are pulling out. The whole return on capital and regulated rates stuff does not apply. What does apply is that decisions are made by city councils. Who are made up of people that don't really understand the utility business. Look at WPPSS [wikipedia.org] as an example. What they do understand is that their careers could be cut short by the sight of a couple of hippies marching in front of city hall with "No Nukes" signs.

  • But I've read so many internet commenters that watched a single video on youtube say that Nuclear is the future and it's the only option and it's the best! How can random internet commenters be wrong. No, it must be the companies whos existence depends solely on whether or not they make money off the subject at hand, they're the ones that are wrong.
  • Maybe they care about our climate, and about having electricity when it is not a sunny, windy day?

    As for cost: you should be weighing that against the cost of more polluting forms of energy that we all get to pay. If it replaces a single coal plant it is already worth it.

    • "Maybe they care about our climate, and about having electricity when it is not a sunny, windy day?"

      You mean when bio-gas plants run out of plant matter and cow and pig shit during the night?
      No tide running the tidal power plants?
      No batteries and pumped storage power plant?
      No dams producing electricity?

      Sure, then we would be fucked. But still, no insurance will ever cover a nuke.

      • Oh dear, do you really believe that a nuclear power plant can explode like a nuke? Educate yourself a little please...

        And yes, base load really is a thing. Even if you personally don't believe in it. Do you prefer coal plants, or nuclear?

        • by stooo ( 2202012 )

          >> Oh dear, do you really believe that a nuclear power plant can explode like a nuke? Educate yourself a little please..
          Sure, the explosion is very different.
          But the contamination is much more massive and long lasting in the case of a reactor with 1000 tons of fissile mterial potentially released, compared to a bomb with 3 kg material

        • Base load plants are vanishing more and more, because get replaced by wind and solar.

          You do not know what base load means ... hint: it neither means "coal" nor "nuclear".

      • Next on the agenda is "meatless society". Cows cause global warming, got to get rid of them and those nasty pigs. Besides, cow excrement is more useful as a fertilizer anyway. How many tidal power plants are they? How many more could you practically build? "REMEMBER THE FISH". That many batteries would make a toxic waste site, can't have that in my backyard (yeah, that doesn't make sense, but that's the same rationale used to get rid of nuclear power). No dams is a goal of the environmentalists. And sever
    • As for cost: you should be weighing that against the cost of more polluting forms of energy that we all get to pay. If it replaces a single coal plant it is already worth it.

      Not if there's something better and cheaper available, and solar+wind+battery is cheaper than nuclear. You have to weigh the cost of doing the thing against the cost of doing something else, in this case something better and smarter.

  • by Spinlock_1977 ( 777598 ) <Spinlock_1977.yahoo@com> on Friday November 06, 2020 @02:56PM (#60692488) Journal

    If Elon did nuclear it would take him 10 years to get the first one optimized. Then he'd bang out 100 of them a year and scale up from there. Why does every nuclear project always take the traditional, "one-off" path?

"Free markets select for winning solutions." -- Eric S. Raymond

Working...