I despair that Canadian first nations might put equity into unconventional nuclear. They are being poorly advised.
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“It’s not going to happen twice. So, we demand to be a part of the small modular reactors opportunity. We see tremendous opportunity and growth with this new technology.”
— Jim Ward, general manager, North Shore Mi’kmaq Tribal Council
To get a sense why unconventional nuclear is a bad investment...
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This ‘diseconomy of scale’ was demonstrated by the now-terminated proposal to build six NuScale Power SMRs (77 megawatts each) in Idaho in the United States.
The final cost estimate of the project per megawatt was around 250 percent more than the initial per megawatt cost for the 2,200 megawatts Vogtle nuclear power plant being built in Georgia, US.
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