The California Assembly's Natural Resources Committee is considering lifting a moratorium on nuclear plants to pave the way for small modular reactors (SMRs), positioned as a solution to energy demands and climate change. However, the author's analysis reveals that SMRs face deep-rooted economic challenges similar to larger reactors, with a history of failures. This skepticism is compounded by fiscal factors like tariffs, leading to a conclusion that the anticipated nuclear renaissance is more illusion than reality, raising doubts about the feasibility of small reactors as a viable energy source.
The hype surrounding small modular reactors (SMRs) is built on a seven-decade history of nuclear failures, which suggests history may repeat itself in economics.
Despite the buzz, small reactors make even less economic sense than larger ones, underscored by Trump's tariffs further complicating their viability.
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