“A lot of [SMR equipment manufacturers] are very strained financially,” he said. “There are only a handful that really have capitalization that could actually carry them through the next several years.”
Ketchum also raised questions about the availability of nuclear fuel in the United States, and noted that SMRs remain “very expensive” even as the cost of renewable energy continues to fall.
“We're prioritizing other generation resources at this time,” he said. “Renewables are here for the long haul.”