"I find that nuclear construction is not only unaffordable now, but it is very likely to become even more cost prohibitive, due to unresolved safety issues that history shows are part and parcel of reactor technology itself. Consider the facts: If we use a market standard, nuclear power is neither affordable nor worth the risk. If the owners and operators of nuclear reactors had to face the full liability of a Fukushima-style nuclear accident or go head-to-head with alternatives in a truly competitive marketplace unfettered by subsidies, no one would have built a nuclear reactor in the past, no one would build one today, and anyone who owns a reactor would exit the nuclear business as quickly as possible. The combination of a catastrophically dangerous resource, a complex technology, human frailties, and the uncertainties of natural events make it extremely unlikely that the negative answer as to the feasibility of affordable cheap nuclear energy can be changed to a positive."

WASHINGTON, Feb.

Give Long-Term Uncontrollable Costs and Short-Term Pressure from Needed Post-Fukushima Safety Regulations, Nuclear Reactors Even Less Able to Take on Natural Gas, Other Alternatives

A newly released study from the Energy Policy Institute at the University of Chicago (EPIC) concludes that small modular reactors may hold the key to the future of U.S. nuclear power generation.

The North of England has the opportunity to become one of the world’s leading nuclear manufacturing hubs, creating many thousands of new jobs and generating substantial economic growth for the UK.