US Nuclear Comeback Stalls As Two Reactors Are Abandoned (theaustralian.com.au)

Brad Plumer reports via The New York Times (Warning: may be paywalled; alternate source): In a major blow to the future of nuclear power in the United States, two South Carolina utilities said on Monday that they would abandon two unfinished nuclear reactors in the state, putting an end to a project that was once expected to showcase advanced nuclear technology but has since been plagued by delays and cost overruns. The two reactors, which have cost the utilities roughly $9 billion, remain less than 40 percent built. The cancellation means there are just two new nuclear units being built in the country -- both in Georgia -- while more than a dozen older nuclear plants are being retired in the face of low natural gas prices. Originally scheduled to come online by 2018, the V.C. Summer nuclear project in South Carolina had been plagued by disputes with regulators and numerous construction problems. This year, utility officials estimated that the reactors would not begin generating electricity before 2021 and could cost as much as $25 billion -- more than twice the initial $11.5 billion estimate. The utilities also struggled with an energy landscape that had changed dramatically since the large reactors were proposed in 2007. Demand for electricity has plateaued nationwide as a result of major improvements in energy efficiency, weakening the case for massive new power plants. And a glut of cheap natural gas from the hydraulic fracturing boom has given states a low-cost energy alternative. Facing those pressures, the two owners of the project, South Carolina Electric & Gas and Santee Cooper, announced they would halt construction rather than saddle customers with additional costs.

Comments

Re: Boom

[ShanghaiBill]

People are more than willing to pay more for energy sources that don't produce CO2.

1. Many people are NOT willing to pay more, hence the election of our current president.
2. The people that are willing to pay more don't have to, since wind is already cost-competitive with FF and solar will be soon.

"Standardized" nukes like the AP1000 were supposed to lower construction costs and reduce maintenance. But so far they have NOT lowered costs, and appear to be worse in every way. There is no path forward for nukes in America, but to go with a complete redesign, and no one wants to pay the NRE for that.

My prediction: Hinkley Point will also be cancelled before it goes live.

Here is an alternative link since TFA is paywalled (at least for me).

Re:We do know how to make nuclear plants..

[AmiMoJo]

Actually, no.

You can tell that this narrative about the Left ruining everything is nonsense by how it only ever applies to things that failed. If they were really that powerful we wouldn't be burning oil in our cars or scrapping Obamacare. And if it really worked the right wing NIMBYs would have blocked every wind farm from ever being built.

The Chinese cancelled most of their new reactors, just finishing the ones they have already started, shortly after Fukushima. Not entirely due to safety concerns either, but because they realized that the market for nuclear power was failing and renewable energy was the smart investment. Look at China now, leading the world in wind, in electric vehicles, even giving the Tesla/Panasonic gigafactory a run for battery production.