U.S. nuclear stocks surged in pre-market trading as President Trump is expected to sign an executive order easing regulations and strengthening the nuclear fuel supply chain, aiming to boost the domestic nuclear industry and reduce reliance on Russia and China.
#YonhapInfomax #NuclearIndustry #Trump #ExecutiveOrder #Oklo #NuScalePower #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64663

@johnquiggin NuScale Power has scammed hundreds of millions of dollars from a range of government and private funding groups.
They're the darlings of pro-nuclear techbos and other gullible fools who put their wishful thinking and hatred of cost-effective genuine renewable energy ahead of reality.
Recently, NuScale Power made an incredibly dodgy financial manoeuvre (special-purpose acquisition company (SPAC)) to get listed in the stock exchange. This will perpetuate the grift and make some of the founders rich, but get them no closer to making the AM/FM step (Actual Machines vs Fucking Magic).

NuScale Power is touted by RWNJs such as the LNP in Australia as the future of energy production because they cannot stomach the idea of renewables.

There's one more important thing you need to know about NuScale's SMR: the project is dead.
https://www.theguardian.com/australia-news/2023/nov/09/small-modular-nuclear-reactor-that-was-hailed-by-coalition-as-future-cancelled-due-to-rising-costs

#NuclearPower #SmallNuclearReactors #SMR #Renewables #AusPol #NuScale #NuScalePower

Not a great day for #NuScalePower #nuclear power startup.

I worked for them about a decade ago. Guess I should see about selling what little equity I've got with them 😬😬

https://www.oregonlive.com/business/2024/01/portland-nuclear-power-company-nuscale-will-lay-off-40-of-its-staff-report-says.html

#Nuclear fallout: Scrapped reactors and Manchin’s move

By HANNAH NORTHEY, 11/09/2023

"A highly anticipated advanced nuclear energy project was scrapped this week, signaling that the technology may have a rocky future despite billions of dollars in federal investment.

"#NuScalePower and a group of local electric utilities announced on Wednesday that they’re abandoning plans to build six first-of-a-kind modular reactors near Idaho Falls, #Idaho, writes Zach Bright. The project was set to receive as much as $1.4 billion from the Department of Energy — in a so-called cost-share deal — but couldn’t attract enough power subscribers.

"Small, factory-built reactors have long been touted as a possible lifeline for the nation’s aging nuclear sector and a carbon-free way to replace retiring coal-fired power plants. But some experts have questioned whether the industry can grow fast enough to curb power emissions.

"'It could be seen as another notch towards the idea of ‘this is a bit more #hype than reality,' said Eric Gimon, a senior fellow for energy think tank Energy Innovation. Electricity from the #NuScale reactors, he said, was ultimately too costly for local utilities."

https://www.politico.com/newsletters/power-switch/2023/11/09/nuclear-fallout-scrapped-reactors-and-manchins-move-00126329

#NRC #DOE #NoNukes #NoNewNukes #PriceAndersonAct #SmallModularNuclearReactors #NuclearHype