US “Asleep At The Wheel” – As Nuclear Industry Faces Collapse

By Tyler Durden

A new, shocking report by researchers at Carnegie Mellon University’s Department of Engineering and Public Policy (EPP), Harvard University, and the University of California San Diego School of Global Policy and Strategy discovered that the US nuclear power industry could be on the verge of a collapse — a reality that many have yet to realize.

Published in Proceedings of the National Academy of Science (PNAS), “US nuclear power: The vanishing low-carbon wedge” examined 99 nuclear power reactors in 30 states, operated by 30 different power companies. As of 2017, there are two new reactors under construction, but 34 reactors have been permanently shut down as many plants reach the end of their lifespan.

“We’re asleep at the wheel on a very dangerous highway,” said Ahmed Abdulla, co-author and fellow at the School of Global Policy and Strategy at UC San Diego. “We really need to open our eyes and study the situation.”

For more than three decades, approximately 20 percent of U.S. power generation has come from light water nuclear reactors (LWRs). These plants are now aging, and the cost to service or upgrade them along with fierce competition from Trump’s economic order to prop up …read more

Source:: Zero Hedge

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