There Is Still Hope For Nuclear Power

After all the negative news from Japan, it is heartening to see that the venture capital community is still funding companies working on smaller, more efficient, and safer nuclear reactors (See the following article at Greentechmedia).

One such company, NuScale, designs modular 45MW reactors that take only three years to build, contain about five percent of the nuclear fuel compared to traditional reactors, and can produce power for only six to nine cents per kilowatt-hour.

If the Nuclear Regulatory Commission approves the plant’s design in 2015, the company’s first plant could be in operation as early as 2018.

It looks like there is still hope for nuclear energy in America.

About Sean Patrick Hazlett

Finance executive, engineer, former military officer, and science fiction and horror writer. Editor of the Weird World War III anthology.
This entry was posted in Business, Clean Energy, Clean Tech, Energy Security, Finance and Economics, Investing, Nuclear Power, Policy and tagged , , , . Bookmark the permalink.

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