There’s been a lot of talk about SMR’s over the years, it’s nice to see one finally being built.
Even if it comes in over budget, getting the first one done will be a great learning experience and could lead to figuring out how to do future ones cheaper.
Assuming it’s on time, completion in 2029, connected to grid in 2030.
It is not insuring the reactor for replacement, it is insuring the entire nuclear powered ship so it can enter a port. Ships collide. Ships crash. Ships hit bridges. An oil spill is one thing, nuclear contamination of the entire port is another.
Yes, I’m aware. It’s a sector pretty famously pioneered by the British, and Lloyd’s of London still operates.
What the Americans did, among others, was to convince the port authorities that they needed to demand such exorbitant levels of insurance on any ship carrying a nuclear cargo that it made the cost to shipping lines just too expensive.