First-of-a-kind nuclear project is terminated in a blow to Biden's clean energy agenda.

The Associated Press reported, "A project to build a first-of-a-kind small modular nuclear reactor power plant was terminated Wednesday, another blow to the Biden administration's clean energy agenda following cancellations last week of two major offshore wind projects."

"...The project was to come online starting in 2029 and was supposed to replace electricity from coal plants that are closing. When combined with wind and solar, the advanced nuclear technology was intended to help municipalities and public power utilities in several western states eliminate planet-warming greenhouse gas emission from the power sector.

"Instead, NuScale and the Utah utilities announced Wednesday they’re terminating the project after a decade of working on it. The cancellation comes as two large offshore wind projects in New Jersey were canceled amid supply chain problems, high interest rates and a failure to obtain the desired tax credits."

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