What's sad is that it's mainly the US that has problems with this. China has managed to bring multiple of this reactor design to fruition while the US still screws around with building just two. I live in Georgia and the almost decade of overruns and corruption are being about to be paid for by Georgia Power customers via rate hikes.
epistasis|2 years ago
My hypothesis is that modern economies with high wages will simply not be able to build a nuclear reactor economically. It appears to require a certain amount of 20th century technological advancement, but not so much economic advancement that labor costs are too high.
France had a much better track record with nuclear in their first round of building. France can also build large construction projects without the massive cost overruns that the US has had. But they can't seem to get a next gen reactor built.
natmaka|2 years ago
A piece about it: https://www.archyde.com/the-folz-report-draws-up-a-severe-as...
This study may also offer some hints: https://www.sciencedirect.com/science/article/pii/S030142151...
sofixa|2 years ago
> France can also build large construction projects without the massive cost overruns that the US has had
Not always, some easily go overboard, like with the Parisian Philharmonic, or the absolutely massive Grand Paris Express (~200km of new high capacity metro lines around Paris) which has seen the budget go up from an original estimate of 19 billion to 35 billion (euros). Completely normal considering the scale and complexity, but still.
Reason077|2 years ago
Smaller, simpler projects don't tend to have the same issues because contractors know they can be replaced easily if they fail.
przemo_li|2 years ago
Which is 101 of big projects anyway. Hard to understand why french project wasn't deemed to risky to investors.
bjornsing|2 years ago