The Trial-Size Nuclear Reactor
An SMR, try one! It sounds like a snack, maybe something like a S'mores, but actually it's the new breed of nuclear reactors that are much smaller (300 MWe or less) than current generation base load plants (1,000 MWe or higher), so small and compactly built, in fact, that they can be transported fully-built to their installation site.
All of this goes into Michael Lynch's argument in Forbes that, with power demand dropping, the SMR is a far less risky investment than old school nuclear. (See chart.)
"[T]here is much less capital at risk in a 200 MW plant," writes Lynch, "[and] construction times should be much shorter, probably 3-5 years. During that time, major changes in price and/or government policy are much less likely, again reducing the risk and thus the borrowing costs, making the reactors cheaper relative to their larger cousins."