A report released Thursday says a new type of nuclear reactor that would provide carbon-free energy to at least four states in the Western U.S. poses financial risks for utilities and their ratepayers
FILE -This Sept. 28, 2010, file photo shows the coal-fired Hunter 2 power plant in Castle Dale, Utah. A new type of nuclear reactor that would provide carbon-free energy to utilities in four states in the Western U.S. poses financial risks for utilities and their ratepayers, according to a report released Thursday, Feb. 17, 2022 that was immediately criticized by owner of the project and the company developing the reactor.
The Utah Associated Municipal Power Systems, a cooperative representing utilities in seven Western states, wants to build and operate six of the company's reactors at the Idaho National Laboratory as part of a broader effort to reduce greenhouse gases and fight climate change. The first is projected to come online in 2029.
The report from the institute, which supports renewable energy, said it's likely the NuScale reactor will take longer to build than estimated and that the final cost of power will be higher than anticipated and greater than the cost of power from renewable alternatives. “There was a lot of misinformation,” he said. “Our members are very supportive of the project and we will go forward as planned.”“This report provides a wholly uninformed view of the value of advanced nuclear energy technology in meeting our energy needs and climate goals,” Diane Hughes, a vice president at NuScale, wrote in an email. “The report also mischaracterizes NuScale’s costs, does not accurately reflect or examine schedule timeframes and even fails to understand the output.
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