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Setback For Small Nuclear Reactors: B&W Cuts mPower Funding

mdsolar (1045926) writes with news that funding for the mPower, a Small Modular [Nuclear] Reactor, has been cut due to the inability to find investors interested in building a prototype. From the article: "The pullback represents a major blow to the development of SMRs, which have been hailed as the next step forward for the nuclear power industry. ... All told, B&W, the DOE, and partners have spent around $400 million on the mPower program. Another $600 million was needed just to get the technology ready for application to the Nuclear Regulatory Commission for licensing. ... B&W plans to continue low-level R&D on the mPower technology with a view to commercial deployment in the mid-2020s, said CEO James Ferland. But without a major shift in the business environment and in investor perceptions of the risks and rewards associated with nuclear power, that seems fanciful."

2 of 165 comments (clear)

  1. Re:I have a project by Anonymous Coward · · Score: 3, Funny

    Nurse, I think he's off his meds again.

  2. Re:I have a project by AmiMoJo · · Score: 3, Funny

    If you can figure out how to remove corruption and stupidity from governmental and/or corporate organizations you'd probably get Nobel Prizes in several categories.

    --
    const int one = 65536; (Silvermoon, Texture.cs)
    SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC