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10-11-2023, 09:36 AM
BY JENNIFER MCDERMOTT AND MATTHEW DALY
Updated 7:55 AM GMT+8, November 10, 2023
WASHINGTON (AP) — A project to build a first-of-a-kind small modular nuclear reactor power plant was terminated Wednesday, another blow to the Biden administration’s clean energy agenda following cancellations last week of two major offshore wind projects.
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NuScale and the Utah utilities announced Wednesday they’re terminating the project after a decade of working on it. The cancellation comes as two large offshore wind projects in New Jersey were canceled amid supply chain problems, high interest rates and a failure to obtain the desired tax credits.
The announcement by Danish energy giant Orsted was the latest in a series of setbacks for the nascent U.S. offshore wind industry and a blow to President Joe Biden’s goal to have 30 gigawatts of offshore wind power by 2030, enough to power 10 million homes.
https://apnews.com/article/nuclear-power...662b87a9c3
Updated 7:55 AM GMT+8, November 10, 2023
WASHINGTON (AP) — A project to build a first-of-a-kind small modular nuclear reactor power plant was terminated Wednesday, another blow to the Biden administration’s clean energy agenda following cancellations last week of two major offshore wind projects.
......
NuScale and the Utah utilities announced Wednesday they’re terminating the project after a decade of working on it. The cancellation comes as two large offshore wind projects in New Jersey were canceled amid supply chain problems, high interest rates and a failure to obtain the desired tax credits.
The announcement by Danish energy giant Orsted was the latest in a series of setbacks for the nascent U.S. offshore wind industry and a blow to President Joe Biden’s goal to have 30 gigawatts of offshore wind power by 2030, enough to power 10 million homes.
https://apnews.com/article/nuclear-power...662b87a9c3
