Nope, the writing was on the wall for almost a year on this one. The whole nuclear industry in general is a long history of cost and schedule overruns. This is more of the same. Investors are not dumb.

You can invest in a solar or wind deployment and have it running and producing revenue in six to twelve months. You can invest in nuclear with a stated schedule of five years, have it blow past that mark, needing more money to keep it going (or write the whole thing off), and then start actually getting revenue at the ten year mark. This isn’t mere speculation, it’s exactly what happens. Oh, and it’s producing at least half the MWh per invested dollar as that solar or wind farm.

It’s amazing anyone is putting any money into nuclear at this point. For the most part, they aren’t. The federal government has shown willingness to sign new licenses for plants. Nobody is buying.

SMRs do not appear to change any of this.

Now, something I think we should do is subsidize reactors that process old waste. Lots better than the current plan of letting it sit around, and probably better than storing it in a cave for millenia, too.