US nuclear industry upbeat on small reactors, despite setback
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Despite the recent cancellation of a next-generation nuclear plant, backers of the carbon-free power source remain hopeful new projects will come online by the end of the decade. The US company NuScale announced the cancellation of a small modular reactor (SMR) project in Idaho due to exploding costs, taking the estimated price from $5.3 billion up to $9.3 billion. However, analysts believe there are still positive prospects for US nuclear power, citing projects such as GE Hitachi's BWRX-300 in Ontario, Canada, and the Tennessee Valley Authority's investment in the same design. The US nuclear industry aims to improve risk sharing and standardize across multiple projects to lower costs. The United States is ahead of Europe in the development of small reactors, with the US House of Representatives approving a bill to speed up the licensing of advanced nuclear power. Efforts to address rising energy demand and boost clean energy, including advanced nuclear power, are being made by companies such as Google, Microsoft, and Nucor.

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https://www.legit.ng/business-economy/economy/1586843-us-nuclear-industry-upbeat-small-reactors-setback/