Fail-Safe Nuclear Power
9th August 2016
Cheaper and cleaner nuclear plants could finally become reality—but not in the United States, where the technology was invented more than 50 years ago.
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But even though molten-salt designs have energized inventive young technologists, getting a novel nuclear power technology licensed and built in the U.S. remains a daunting prospect. Simply applying for a license from the Nuclear Regulatory Commission can take years and cost hundreds of millions of dollars, which is why some of these startups may never get off the ground. What’s more, even $2 billion would be a lot of money for investors and utilities to spend on an unproven technology with questionable financial advantages. Which is why the program closest to producing a working reactor is in the People’s Republic of China.
Pretty sad when a Communist government is more efficient than ours.