People got scared (somewhat legitimately) and we regulated them to death. It became so risky and so expensive to invest in nuclear that nobody, not even the big companies with nuclear divisions like GE did it.
People talk about failures of the market all the time, and there are many. This was one of the failures of regulation.
I think we're starting to see a small revival here finally, but is it too late? Renewables are driving down the cost of electricity so any nuclear companies not only have to find a way to be profitable today, but 1, 2, 3 decades from now.
People talk about failures of the market all the time, and there are many. This was one of the failures of regulation.
I think we're starting to see a small revival here finally, but is it too late? Renewables are driving down the cost of electricity so any nuclear companies not only have to find a way to be profitable today, but 1, 2, 3 decades from now.