The U.S. Needs to Recommit to Nuclear Power, So Opponents Should Get Over It

There have been some suggestions that the private sector simply can't get behind small modular reactors, or SMRs, but that statement seems "very" premature in my view considering the industry has been waiting for the better part of two years for assurances from the Department of Energy, or DOE, that these designs would see the light of day. Now those assurances have arrived with NuScale Power, backed by Fluor  (NYSE: FLR  ) , getting DOE funding totaling $226 million over five years for their reactor design. This award follows a similar win by Babcock & Wilcox  (NYSE: BWC  )  seen last November. 

For the last several years I've made the case that SMRs can be much safer than traditional reactors, and they can be made in factories, scalable, require no water for cooling, and can contain nuclear waste unlike what was seen in Fukushima. The new DOE award announcement means we could see long-term venture capitalists come off the sideline, especially since SMRs may be able to offset lost power from older cathedral-style reactors that need to be retired and meeting stringent U.S. carbon goals still needs to be addressed. 

New to investing or just want a refresher? Check out our free guide

Millions of Americans have waited on the sidelines since the market meltdown in 2008 and 2009, too scared to invest and put their money at further risk. Yet those who've stayed out of the market have missed out on huge gains and put their financial futures in jeopardy. In our brand-new special report, "Your Essential Guide to Start Investing Today," The Motley Fool's personal-finance experts show you why investing is so important and what you need to do to get started. Click here to get your copy today -- it's absolutely free.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2774204, ~/Articles/ArticleHandler.aspx, 4/18/2014 5:28:37 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement