Abstract

The nation’s nuclear power industry is in trouble. The number of operating reactors continues to decline, while only one new plant is scheduled to open and it is well behind schedule and 50% over budget. The article will investigate the possibility of a nuclear revival in this country by first analyzing the troubled history of the light water reactor, a technology that dates back to the 1950s, and one the federal government choose to pursue to ensure America’s technological leadership, and one the nuclear manufactures heavily promoted to ensure profitability. All of this resulted in a rush to nuclear power in the 1960s, but abruptly ended a little more than a decade later, due largely to the exorbitant costs of constructing a nuclear plant. The article then discusses the chances of a nuclear comeback, focusing on new reactor designs, which are less complex and cheaper to construct but will be dependent upon how seriously global warming is viewed by the public and elected officials.