NuScale Power and Western energy companies have canceled a project to build a first-of-a-kind small modular nuclear reactor power plant in Idaho. The project was designed to be a safer and more flexible alternative to traditional nuclear power plants and was supported by the Department of Energy and the Nuclear Regulatory Commission.
The project was expected to create jobs and boost the local economy, provide a new source of clean energy, and help reduce carbon emissions. However, the project struggled to attract enough utility customers, and its cancellation is a blow to the Biden administration’s clean energy agenda.
The project was expected to be completed by 2026 and generate 720 megawatts of electricity, enough to power 540,000 homes. The project was expected to cost $6.1 billion and be funded by the Department of Energy and private investors. It was also expected to be the first of its kind in the United States.
The cancellation of the project highlights the challenges of developing new nuclear technologies in the United States. The project was intended to be a significant step towards a cleaner and more sustainable future. However, the cancellation of the project shows that there are still significant obstacles to overcome in the development of new nuclear technologies.
The cancellation of the project is a significant setback for the Biden administration’s clean energy agenda. The administration has made it a priority to reduce carbon emissions and promote clean energy. The cancellation of the project underscores the need for continued investment in research and development of new clean energy technologies.