Plant Vogtle, a nuclear power plant in Waynesboro, Ga., is the largest source of clean energy in the U.S. following the addition of two new reactors, according to Georgia Power. The plant's Unit 4 reactor began commercial operations in April and Unit 3 went online last year. They are the first reactors built from scratch and connected to the grid in over three decades and together can power over a million homes and businesses, according to the utility provider.
But bringing a nuclear power plant to life is difficult and costly. The two new reactors at Plant Vogtle were initially budgeted at $14 billion, but that price tag more than doubled. The project also ran seven years behind schedule.
"We had some challenges, it was an arduous journey, things that we didn't anticipate," said Chris Womack, CEO of Southern Company. "From the tsunami in Fukushima to the contractor going bankrupt to Covid. There were a number of things that occurred.
The U.S. has 54 operating nuclear power plants and 94 reactors, making it the world's largest producer of nuclear power -- accounting for 30% of global nuclear electricity, according to the World Nuclear Association.
But reactors in the U.S. are 42 years old on average, and they're getting older. Replacing them is a complex task.
So why is it so hard to build nuclear reactors in the U.S. and should the new Vogtle reactors be a blueprint or a cautionary tale for the future?
Chapters:
0:00-2:25 Introduction
2:26-6:04 Chapter 1. Plant Vogtle
|
Yahoo Finance speaks with market insider...
----------------------------------------...
Market Domination anchor Josh Lipton bre...
The US and Taiwan have officially signed...
The Senate has delayed its markup of the...
About Yahoo Finance: Yahoo Finance prov...
Listen and subscribe to The Big Idea wit...
Apple's next-gen Siri is still far off, ...
日経CNBC「攻めのIR Vol.289 伊藤忠商事株式会社」(提供:SBI証券...
❤️TakaTrade口座開設&初回取引きで15,000コインプレゼント ❤...
(2026年1月9日配信) 為替に影響をあたえる米雇用統計について、発表前後のマ...
日経CNBC「攻めのIR Vol.289 伊藤忠商事株式会社」(提供:SBI証券...
ファンドアナリスト 篠田 尚子氏をお迎えして、りそなアセットマネジメント株式会社...
ファンドアナリスト 篠田 尚子氏をお迎えして、三菱UFJアセットマネジメント株式...
ファンドアナリスト 篠田 尚子氏をお迎えして、ピクテ・ジャパン株式会社の塚本 卓...