Things are hotting up!
Global competition is threatening. “Despite the U.S. civil nuclear industry’s strengths,” the Commerce Department warned earlier this year, “U.S. companies continue to lose significant market share to an ever‐increasing number of foreign government‐owned or led competitors, including Russia, Japan, France, China and the Republic of Korea.”
The reason is clear: those nations offer low-cost loans to nations seeking to finance nuclear plant construction. The U.S. does not.
Meanwhile, China is racing past America in terms of innovation. China has at least four next generation nuclear reactors in the works, including one financed by Bill Gates, who is expected to put millions and perhaps billions of his own money into the joint venture.
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