{"id":1940,"date":"2025-01-25T06:36:20","date_gmt":"2025-01-25T06:36:20","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/south-carolina-utility-wants-to-sell-unfinished-nuclear-power-site\/"},"modified":"2025-01-25T06:36:20","modified_gmt":"2025-01-25T06:36:20","slug":"south-carolina-utility-wants-to-sell-unfinished-nuclear-power-site","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/south-carolina-utility-wants-to-sell-unfinished-nuclear-power-site\/","title":{"rendered":"South Carolina Utility Wants to Sell Unfinished Nuclear Power Site"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">A major power provider in South Carolina started accepting bids from buyers on Wednesday to finish two nuclear reactors, hoping to take advantage of the recent interest in the energy source from technology companies.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The utility, Santee Cooper, wants to sell the reactors that were mothballed in 2017 before they were half complete. Its decision comes as the tech industry, which is rapidly building power-hungry data centers, has begun looking to nuclear plants for their ability to provide lots of electricity around the clock without releasing emissions responsible for climate change.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But delays and cost overruns have dogged nuclear power in recent decades in the United States. When Santee Cooper halted construction of the two reactors, at the V.C. Summer power plant, it left them less than 40 percent built and stalled a project once billed as a notable step forward for nuclear power generation in the United States. The company and a partner, South Carolina Electric &amp; Gas, spent about $9 billion on the incomplete reactors.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Santee Cooper said it was working with the investment firm Centerview Partners to field proposals from potential buyers until May 5. The company added that it did not intend to own or operate the reactors once they are complete.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe are seeing renewed interest in nuclear energy, fueled by advanced manufacturing investments, AI-driven data center demand, and the tech industry\u2019s zero-carbon targets,\u201d Jimmy Staton, Santee Cooper\u2019s chief executive, said in a statement.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Initially proposed in 2007 \u2014 at a time when industry officials were predicting a resurgence in nuclear power \u2014 the South Carolina project grappled with a shifting energy landscape <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2017\/07\/31\/climate\/nuclear-power-project-canceled-in-south-carolina.html\" title=\"\">before it stalled<\/a> a decade later. Improvements in energy efficiency caused demand for electricity to plateau nationwide during those years, while a hydraulic fracturing boom flooded the country with cheap natural gas, a lot of which is burned in power plants to generate electricity.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">V.C. Summer has one large operating nuclear reactor that was built in 1982 and is run by Dominion Energy, a utility company in Richmond, Va., that bought South Carolina Electric &amp; Gas in 2019. That reactor is not part of the sale of the two incomplete reactors owned by Santee Cooper.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The energy landscape has shifted again in recent years. Several tech giants, including Microsoft, Amazon and Alphabet, have said they would help fund nuclear reactor construction to support their artificial intelligence expansion.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The federal government also stepped in to support the resurgence of interest in nuclear power. In September, the Energy Department <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/09\/30\/climate\/michigan-nuclear-plant-palisades.html\" title=\"\">said it had finalized<\/a> a $1.52 billion loan guarantee to help a company restart a shuttered nuclear plant in Michigan. Congress and the Biden administration offered billions of dollars in subsidies to keep older nuclear plants running and to build new reactors. While President Trump has opposed and sought to repeal many of former President Joseph R. Biden Jr.\u2019s energy and climate policies, he has said he supports nuclear energy.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Globally, demand for nuclear power has been growing in recent years alongside <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/11\/15\/climate\/cop29-climate-nuclear-power.html\" title=\"\">mounting concern about climate change<\/a>. Nuclear reactors can generate electricity without emitting planet-warming greenhouse gases. But environmentalists and some other critics note that building reactors can be very expensive and that the United States still has not settled on a strategy for long-term storage of the radioactive waste produced by reactors. Some other countries have developed places for such storage.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/01\/22\/business\/energy-environment\/south-carolina-nuclear-power-data-centers.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A major power provider in South Carolina started accepting bids from buyers on Wednesday to finish two nuclear reactors, hoping<\/p>\n","protected":false},"author":1,"featured_media":1941,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-1940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Carolina Utility Wants to Sell Unfinished Nuclear Power Site - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/south-carolina-utility-wants-to-sell-unfinished-nuclear-power-site\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Carolina Utility 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