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For years now I get peppered w Qs around SMRs - I always dismissed them.... saying too slow, too risky, too unproven.

Well now the FT says something similar. ... not that I trust media but they do have a point.

My main point is at best, only a handful will ever be built in the U.S.—and they’ll end up as complete failures: massive money pits that never come close to their projected MWh costs. The technology was already commercially unviable 5–10 years ago, and with storage costs falling even further today, it’s now entirely irrelevant.

Guess who is once again at the middle of all this? YUP ELON MUSK

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Stallspeed

Maybe we should farm energy production out to China, since we did that with manufacturing and antibiotics....

JamesC

Wind power has proven to be an abysmal failure, as well as harmful to the environment and bird life. So, no, I don't trust that FT chart in the slightest.

Unrekt+

Thanks for sharing. This has known for more than 50 years. Liberals have been ridiculed all along for knowing this. Liberals have tried to accelerate this disruptive and most-hated technology at least since the 1970s.

Ssanbo

I’m gathering some stocks to short when the time comes …

6Sixnine9

A small modular reactor to me is solar panels on your roof and a power bank. Sorted!

Royce

The UK just had a report that said in 2023 their wind turbine were turned off for 2 thirds of the year because the wind wasn’t blowing, but the companies all still got there subsidies… it’s a scam

RyHo

I think what a lot of "media" and news doesn't understand is the smount of power needed for the massive AI infrastructure. One server cabinet alone inside of one of these factories needs the same amount of power that would support 300 homes. And there are thousands of these cabinets within these buildings. Do the math. We are on the tail end of the SMR bullrun but come next year it will resume. Nuscale is already in production of 12 reactor cores. They have a signed agreement with Tennessee. I think OKLO is a pipe dream and was clever marketing by trump and musk this year; yet they have broken ground in Idaho. Lets also look at what these new facilities do BESIDES just generate power. They use up old nuclear fuel to 95% capacity. We have stockpiles of nuclear cores which are now reusable. (Old nuke plants only used 5%). Moreover they split water for hydrogen gas. And BEST of all, they desalinate the ocean. I wouldnt be surprised if we see piping infrastructure coming from the ocean to these plants which will give water to cities and farms. That means the rivers and lakes will run again. Everyone thinks this is just for electricity. It's NOT. They will be built and there will be enough of them to sustain other industries much more than "solar and batteries".

MacD

It may happen but that does not mean they make money for investors.

satstacker

The issue is the "small" part. Current regulation still requires so much compliance, redundancy, security, etc. That fuel costs of a nuclear power plant are only a small percentage of overall cost. Overhead costs remain the same. Better off with conventional fleet.

Marius Preiss

Do you feel the same about the quantum computing sector James? They've also been ripping lately, to the point where it doesn't quite 'add up'...