Why It’s So Hard To Build Nuclear Power Plants In The U.S.

Plant Vogtle, a nuclear power plant in Waynesboro, Ga., is the largest source of clean energy in the U.S. following the addition of two new reactors, according to Georgia Power. The plant's Unit 4 reactor began commercial operations in April and Unit 3 went online last year. They are the first reactors built from scratch and connected to the grid in over three decades and together can power over a million homes and businesses, according to the utility provider.

But bringing a nuclear power plant to life is difficult and costly. The two new reactors at Plant Vogtle were initially budgeted at $14 billion, but that price tag more than doubled. The project also ran seven years behind schedule.

"We had some challenges, it was an arduous journey, things that we didn't anticipate," said Chris Womack, CEO of Southern Company. "From the tsunami in Fukushima to the contractor going bankrupt to Covid. There were a number of things that occurred.

The U.S. has 54 operating nuclear power plants and 94 reactors, making it the world's largest producer of nuclear power -- accounting for 30% of global nuclear electricity, according to the World Nuclear Association.

But reactors in the U.S. are 42 years old on average, and they're getting older. Replacing them is a complex task.

So why is it so hard to build nuclear reactors in the U.S. and should the new Vogtle reactors be a blueprint or a cautionary tale for the future?

Chapters:
0:00 - 2:25 Introduction
2:26 - 6:04 Chapter 1. Plant Vogtle
6:05 - 9:46 Chapter 2. Falling Behind
9:47 - 12:50 Chapter 3. Small modular reactors

Produced by: Shawn Baldwin
Edited by: Nic Golden Henry
Supervising Producer: Jeniece Pettitt
Reporter: Pippa Stevens
Animation: Christina Locopo
Additional Production: Harriet Taylor, Van Applegate
Additional Footage: Getty Images, NuScale Power, Southern Company

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Want to master your money this fall? Sign up for CNBC’s new online course. We’ll teach you practical strategies to hack your budget, reduce your debt, and grow your wealth. Start today to feel more confident and successful. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season: https://cnb.cx/3WiasGB

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook:
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC

#CNBC

Why It’s So Hard To Build Nuclear Power Plants In The U.S.