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NN Asks: What hurdles stand in the way of nuclear power’s global expansion?
Jake Jurewicz
Nuclear technology is mature. It provides firm power at scale with minimal externalities and has done so for decades. The core problem isn’t about the technology—it is how the plants are built. Nuclear construction has a well-documented history of cost and schedule overruns. Previous nuclear plants often spent more than twice what was first budgeted, making nuclear among the power technologies with the largest average cost overruns worldwide.
Recent projects illustrate how severe the problem can be. In South Carolina, the V.C. Summer nuclear expansion saw projected costs rise from roughly $10 billion to more than $25 billion before the project was abandoned in 2017, by which time more than $9 billion had already been spent and customers were stuck paying for a site they have yet to benefit from.
Dillon R. Shaver, Bo Feng, Elia Merzari, Florent Heidet (ANL)
Transactions | Volume 120 | Number 1 | June 2019 | Pages 925-926
