Since about 2001 the term nuclear renaissance has been used to refer to a possible nuclear power industry revival, driven by rising fossil fuel prices and new concerns about meeting greenhouse gas emi
George W. Bush signing the Energy Policy Act of 2005, which was designed to promote US nuclear reactor construction, through incentives and subsidies, including cost-overrun support up to a total of $2 billion for six new nuclear plants.
EPR Flamanville 3 project (seen here in 2010) originally expected to be operational in 2012, has been repeatedly delayed to at least 2024 due to "both structural and economic reasons," and the project's total cost has ballooned well above the original estimates. Similarly, the cost of the identical EPR being built at Olkiluoto, Finland has escalated dramatically, and the project is also well behind schedule. The initial low cost forecasts for these
Generation III reactors, or Gen III reactors, are a class of nuclear reactors designed to succeed Generation II reactors, incorporating evolutionary improvements in design. These include improved fuel
Model of the Toshiba ABWR, which became the first operational Generation III reactor in 1996
EPR core catching room designed to catch the corium in case of a meltdown. Some Generation III reactors include a core catcher in their design.
Kakrapar Atomic Power Station Unit 3 and 4 under construction. India's first Generation III+ reactor
Novovoronezh Nuclear Power Plant II with the first Generation III+ nuclear reactor in the world