The US Shows A Way Out Of Germany’s Energy Trap
Submitted by Thomas Kolbe Big developments are underway in Tennessee and Alabama. Over the next five years, the joint Japanese-American project will bring several so-called small modular reactors (SMRs) of the BWRX-300 type online. Almost one percent of U.S. electricity production—slightly more than three gigawatts—will be added to the existing energy mix by reactors designed by Hitachi and GE Vernova. A caveat for purists of market economics: this is a hybrid project. While the majority is privately financed, export support from Japan as well as offtake guarantees and credit facilities accounting for roughly one percent of the total volume come from the U.S. Overall, this project represents an investment of $40 billion. It joins a number of major initiatives currently being driven largely by the private sector in the U.S. Major platform operators and tech giants—Google, Meta, and Microsoft—are deeply involved in building new nuclear capacities. This disproves, above all, the claims of most German ideologues who insist that nuclear power has no future worldwide. The fog has lifted. The truth is indisputably on the …









