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Westinghouse backs off small nuclear plants [View all]
Westinghouse backs off small nuclear plants
February 1, 2014 8:39 PM
By Anya Litvak / Pittsburgh Post-Gazette
After millions of dollars and more than a decade spent developing a small modular nuclear reactor, Westinghouse Electric Co. is pulling back.
Danny Roderick, president and CEO of the Cranberry-based nuclear firm, said Westinghouse recently "reprioritized" staff devoted to small modular reactor, or SMR, development and funneled their efforts to the AP1000, the company's full-scale new generation pressurized water reactor currently under construction in China and the U.S.
"The problem I have with SMRs is not the technology, it's not the deployment -- it's that there's no customers," Mr. Roderick said.
Mr. Roderick said it would be difficult to justify the economics of small modular reactors at this point, especially without government subsidies...
February 1, 2014 8:39 PM
By Anya Litvak / Pittsburgh Post-Gazette
After millions of dollars and more than a decade spent developing a small modular nuclear reactor, Westinghouse Electric Co. is pulling back.
Danny Roderick, president and CEO of the Cranberry-based nuclear firm, said Westinghouse recently "reprioritized" staff devoted to small modular reactor, or SMR, development and funneled their efforts to the AP1000, the company's full-scale new generation pressurized water reactor currently under construction in China and the U.S.
"The problem I have with SMRs is not the technology, it's not the deployment -- it's that there's no customers," Mr. Roderick said.
Mr. Roderick said it would be difficult to justify the economics of small modular reactors at this point, especially without government subsidies...
Read more: http://www.post-gazette.com/business/2014/02/02/Westinghouse-backs-off-small-nuclear-plants/stories/201402020074#ixzz2tKUchStv
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