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Gold/Mining/Energy : Nuclear Power
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To: bull_dozer who wrote (133)6/28/2022 4:40:57 PM
From: bull_dozer  Read Replies (1) of 180
 

Nuclear Power Is Poised for a Comeback.

The Problem Is Building the Reactors.Countries have lost their expertise in building nuclear plants after shunning them for years

Western nations are betting big on nuclear power, decades after safety concerns pushed it out of favor—only they have lost their expertise in building the reactors.

Governments want nuclear energy’s carbon-free electricity to help tackle climate change and reduce dependence on Russian oil and gas. The U.S., France and China are backing a new generation of reactors that are intended to be easier to build and safer than earlier designs. Russia’s invasion of Ukraine has stoked the sense of urgency to bring them online.

Such ambitions face a major obstacle in the West. The nations that gave birth to the nuclear age are short on managers and skilled workers with experience in building reactors after shunning nuclear energy for years. A handful of plants already under construction across the U.S. and Europe are years late and billions over budget. The projects have left companies insolvent and exposed weaknesses in U.S. and European nuclear engineering capabilities.

In France, the construction of a cutting-edge reactor at the Flamanville nuclear plant was expected to anchor the country’s independence from foreign energy supplies and churn out electricity with nearly zero greenhouse gases.

wsj.com
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