French nuclear giant scraps SMR plans due to soaring costs

The French nuclear giant EdF, the government owned company that manages the country’s vast fleet of nuclear power stations, has reportedly scrapped its plans to develop a new design for small nuclear reactors because of fears of soaring costs.

EdF, which is now fully government owned after facing potential bankruptcy due to delays and massive cost over-runs at its latest generation large scale nuclear plants, had reportedly been working on a new design for SMRs for the last four years.