Question - So If Nuclear Plants Are So Cheap, Why Aren’t We Building Them Anymore?
Answer -
Many nuclear plants are being built, they’re just not being built in the United States. China, India, and other developing countries, which need to keep up with massive growth in energy demand as they develop, are building nuclear plants as fast as they can. The high up-front costs of building nuclear plants and the uncertainty about how fast energy demand would grow in rich countries populated with high-energy consumers resulted in the United States and other developed countries turning away from nuclear. However, President Obama recently approved loan guarantees for two new reactors in Georgia and South Carolina and development funding for new reactor designs that are smaller and cheaper to build.