Tag

Uamps

All articles tagged with #uamps

energy2 years ago•3 min saved

Utah's Nuclear Power Plant Plan Collapses, Sending Shares Plummeting

Utah Associated Municipal Power Systems (UAMPS) and NuScale have abandoned their decade-long plan for the "Carbon Free Power Project," which aimed to provide nuclear power to 27 communities in Utah by 2029. The project was canceled due to a lack of commitment from utilities and government power systems, resulting in insufficient partners. The cost of the project had more than doubled since its proposal, reaching over $9 billion, with UAMPS only committing to 26% of the power it was expected to produce. UAMPS is now focusing on alternative energy sources, including wind, solar, geothermal, and natural gas, to meet the region's growing demand for electricity.

via Salt Lake Tribune|

#carbon-free-power-project #energy #nuclear-power

energy2 years ago•4 min saved

"Idaho's Proposed Advanced Nuclear Reactor: A Failed Venture"

The Carbon Free Power Project, which aimed to deliver nuclear power as a base load energy source to Utah municipalities, has been terminated. The project, pursued by the Utah Associated Municipal Power Systems (UAMPS) and NuScale, failed to secure enough subscriptions to be financially viable. Despite bipartisan support and regulatory approval, the project faced uncertainties in permitting and costs, leading subscribers to drop out. UAMPS will now explore alternative base load power sources such as wind, solar, geothermal, and natural gas. However, UAMPS remains open to nuclear power in the long term, given their relationship with NuScale.

via Deseret News|

#carbon-free-power #energy #nuclear-power