There’s been a lot of talk about SMR’s over the years, it’s nice to see one finally being built.
Even if it comes in over budget, getting the first one done will be a great learning experience and could lead to figuring out how to do future ones cheaper.
Assuming it’s on time, completion in 2029, connected to grid in 2030.
Except it is happening now. It wasn’t happening before.
It happens now in rarefied cases, but in general, it is not a practical option. It doesn’t merely have to be physically possible, it has to be economically competitive.
But it is competitive now, we’ve reached that point. It’s not “rarefied” cases anymore.
Tesla just installed 37GWh of capacity in the past year and recently bumped their capacity to 80GWh, and they’re just one company.
We’re going to start seeing GWh scale batteries now from the likes of Tesla, CATL, BYD and others.
Edit: This is a 15.3 GWh contract - https://www.intersectpower.com/tesla-provides-intersect-power-with-15-3-gwh-of-megapacks-for-solar-storage-projects/