Saturday, February 1, 2020

The Future Of Nuclear Power

General Electric is getting ready to sell off that part of its business which includes nuclear power:

https://finance.yahoo.com/news/general-electric-explores-sale-steam-192331254.html

And as you may know, Westinghouse and Toshiba lost their shirts as a result of nuclear power projects in the US:

https://www.technologyreview.com/s/603647/meltdown-of-toshibas-nuclear-business-dooms-new-construction-in-the-us/

Meanwhile, Russia and India are gearing up to become a BIG supplier of nuclear power to the rest of the world:

https://www.rt.com/op-ed/479611-india-russia-nuclear-plant/

The US stopped backing the sale of nuclear power plants for two main reasons - we have no working plan for what to do with the waste they produce, and we don't want nuclear proliferation to unfriendly regimes. Neither factor seems to bother Russia or India, so there goes another market we used to dominate.

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