NuScale CEO defends modular nuclear plants after project cancellation

NuScale CEO defends modular nuclear plants after project cancellation: The CEO of NuScale defended his small, modular nuclear reactor business on Tuesday, saying work continues in the U.S. and two other countries after the company canceled its first plant, set to be built at an American government lab, due to rising costs. NuScale said last week it had agreed with a Utah municipal power group to cancel the six-reactor, 462-megawatt project, which was to have begun running at the U.S. Idaho National Laboratory by 2030. The cancellation was a blow to U.S. ambitions for a wave of new nuclear energy to help fight climate change.