Is This The Beginning Of The End For U.S. Nuclear Power?

2 Nov 2016   Nuclear

Nuclear power plant Energy companies are shutting down their nuclear power plants and resorting to other forms of production. This is primarily due to the lack of funding and cheaper alternatives such as oil. With shale production continuing to ramp up production and incidentally lowering oil prices, nuclear facilities are no longer considered cost effective. It’s upsetting to contemplate the idea of nuclear power failing in the United States, especially when other countries’ governments, including those of Russia and China, are still fully financially backing the energy source. The costs pertinent to nuclear power plants are astounding. Plants cost billions of dollars to construct and then millions more based on required resources, overhead, and proper waste disposal. Bloomberg reports that the cost to build a nuclear reactor could be more than five times the cost to build a gas-fired reactor. With fossil fuels appearing so attractive, it’s hard to […]

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