Thom's blog
Is the American nuclear industry on its last legs?
All across the country right now, reactor projects are failing, and existing power plants are sinking deeper and deeper into the red. All of a sudden, the so-called "energy of the future" is starting to look an awful lot like a relic.
What's going on?
So the big news in the nuclear world right now is that two utility companies in South Carolina - South Carolina Electric & Gas and Santee Cooper - recently halted construction on a pair of advanced reactor projects.
These reactors were supposed to be the future of the nuclear industry - what happened?
The American nuclear industry as a whole is actually in dire straights right now.
A recent Bloomberg investigation found that that more than half of nuclear reactors are losing money, around $2.9 billion ever year.
Should we be expecting a massive bailout of the nuclear industry?
If there is a bailout of the nuclear industry, it will likely be framed as a necessary move to protect a "renewable" form of energy.
But is nuclear energy really renewable?
-Thom
(What do you think? Tell us here.)
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