A new type of nuclear reactor that would provide carbon-free energy to at least four states in the Western U.S. poses financial risks for utilities and their ratepayers, according to a report released Thursday that was immediately criticized by the project's owner and the company developing the reactor.
The report by the Ohio-based Institute for Energy Economics and Financial Analysis said the small modular nuclear reactor being developed by NuScale Power in Oregon is "too expensive, too risky and too uncertain."
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