by Home > Economics - General > The nuclear renaissance dies, forgotten and bankrupt The nuclear renaissance dies, forgotten and bankrupt August 2nd, 2017 John Quiggin Leave a comment Go to comments Unless you were paying very close attention, you probably haven’t seen the news that construction of two Westinghouse AP-1000 nuclear reactors at the Virgil C. Summer plant in South Carolina has been abandoned, following the bankruptcy of Westinghouse earlier this year. There are two more AP-1000 reactors under construction at the Vogtle site in Georgia, which are also likely to be scrapped. Either way, this seems the right moment to mark the end of the nuclear renaissance which offered high hopes in the early 2000s. The biggest
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The nuclear renaissance dies, forgotten and bankrupt
Unless you were paying very close attention, you probably haven’t seen the news that construction of two Westinghouse AP-1000 nuclear reactors at the Virgil C. Summer plant in South Carolina has been abandoned, following the bankruptcy of Westinghouse earlier this year. There are two more AP-1000 reactors under construction at the Vogtle site in Georgia, which are also likely to be scrapped. Either way, this seems the right moment to mark the end of the nuclear renaissance which offered high hopes in the early 2000s. The biggest remaining carbon capture and storage project, the Kemper plant in the US, was also abandoned a month ago.
So, at this point, there is no alternative to the combination of renewables, storage and energy efficiency. This would be a good moment for those environmentalists who accepted and promoted the nuclear story to recognise that any further efforts in this direction can only harm the prospects for a low-carbon future.
More soon on this, I hope
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