this post was submitted on 11 Nov 2023
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Too many investors pulled out of the project, at least in part due to rapidly falling prices of renewables.
Interest rates too, I’d imagine. Investing in new nuclear and expecting a decent ROI would be a dumb move now.
I am surprised they got any investors. From what I see the only way to get investment money is to say you are making a new social media app or building a condo.
Hear me out ... nuclear powered AI NFTs.
Does it support blockchain?
You know it does.
Oh man this is great. Hold on let me go get the sack of money labeled "pensions" and the other labeled "Covid relief funds".
Yeah the same reason nuclear is being rejected everywhere, it's economically unfeasible and a huge liability - no one wants to end up with a hugely expensive powerstation that no one wants to buy power from because it's a thousand times more expensive per kWh than any other option.
It is time