It’s going to be a nuclear ‘renaissance’, they’ve told us. A dormant (or dying) and discredited nuclear industry was going to spring back to life, provide cheap, safe, reliable and clean electricity, and save us from catastrophic climate change. But then…
Turkey’s government announced over the weekend that it is cancelling (for the fourth time) its farcical tendering process to build the country’s first nuclear reactor (following the likes of Canada, Bulgaria, South Africa, Texas, Missouri, Idaho, Alabama, and the rest who’ve all seen their own nuclear plans fall through).
In the UK is looks like a big chunk of the jobs that were hyped by the British government as part of the nuclear ‘renaissance’ may be going to go to overseas contractors. We hate to say we told you so.
Hard-headed capitalists like Citigroup are calling new nuclear reactors ‘corporate killers’ and an utter financial nightmare for potential investors offering non-existent returns.
Bearing all this mind, you be forgiven for asking, ‘just what kind of renaissance is this anyway?’ Where’s the rebirth and revival?
The Renaissance that swept Europe between the 14th and 17th centuries produced masterpieces that have the power to inspire awe even to this day: Gutenberg’s mighty printing press, Michelangelo’s David and the Sistine Chapel, Da Vinci’s Mona Lisa and The Last Supper, the far-sighted vision of Copernicus and Galileo… to name but a very small few.
So where are the nuclear ‘renaissance’s major works and masterpieces? What does this 'renaissance' have to show for itself? The EPR reactor being built in Olkiluoto, Finland and Flamanville, France is supposed to be the ‘renaissance’s flagship endeavour. Is it the nuclear ‘renaissance’s Mona Lisa? If it is, it’s one drawn in crayon by a five year-old with his eyes shut.
Is the Turkish government, who can’t build a nuclear reactor after four attempts, the nuclear 'renaissance’s Michelangelo? Is Westinghouse, which lacks the vision to see that its new AP-1000 reactor design might need to include safety systems so it can ‘withstand events like earthquakes and tornadoes’ the nuclear ‘renaissance’s Galileo? It's starting to look pathetic.
With the nuclear industry facing yet more accusations (this time from Peter A. Bradford a former member of the Nuclear Regulatory Commission from 1977 to 1982) of seeking ‘to shift ever more economic risk to taxpayers who are already staggering under the weight of other federal bailouts’, it seems the nuclear 'renaissance' shares just one thing with its historical counterpart: the leading exponents of both being reliant on the money from generous patrons.
The nuclear ‘renaissance’ is really shaping up to be the ‘renaissance that wasn’t’.

Today's big stories from the nuclear industry: