The nuclear industry is currently reeling in the wake of the meltdown of Toshiba’s reactor business. As we’ve previously reported, the Japanese technology conglomerate was building the only new reactors currently in construction within the U.S. So its failure to succeed in capitalizing on a new generation of smaller reactors looks set to put a huge damper on the construction of new plants in the coming years.
In reality, though, the industry has been nothing but sluggish for decades. Tightening regulations, soaring construction costs, and a nightmarish PR problem have all served to undermine many plans to build new nuclear facilities.
Trouble is, nuclear is the only low-carbon energy source that can provide reliable baseload power, because renewables like wind and solar vary with the time of day and weather conditions. With no new nuclear plants scheduled to come online, pressure to curb carbon dioxide emissions…
