Rising steel prices, interest rates could push NuScale Utah project cost to $100/MWh, but support remains
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Update time : 2022-11-17 18:05:49
Higher steel prices and interest rates are driving up the projected cost of energy from Utah Associated Municipal Power Systems’ planned 462 MW small modular reactor project, multiple municipal utilities have reported.
Previous cost estimates were for the project to generate power at a price of $58/MWh, but at least one municipal power provider says project developers told it that prices could run $90/MWh to $100/MWh. The Utah project consists of a half dozen 77 MW reactors, being developed by NuScale, with the first expected online in 2029.
