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US nuclear start-ups battle funding challenge in race to curb emissions

Jamie Smyth of The Financial Times reports on the funding challenges of nuclear energy startups.

The C3 Take
  • Advanced nuclear energy projects have come under scrutiny lately after NuScale was forced to cancel its project due to cost overruns.
  • While inflation and supply chain constraints were one reason for this cancellation, overburdensome regulations are also increasing costs.
  • Streamlining and modernizing these regulations is critical to reducing emissions, improving energy security, and bolstering the U.S. nuclear industry.

“The industry is racing to develop SMRs — new types of advanced nuclear reactors that have a power capacity of 300MW or less, which is about a third of standard facilities. Governments and private investors — including Rolls-Royce, GE and Hitachi — have spent billions of dollars to commercialise the technology over the past decade.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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