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Small modular nuclear reactor developer NuScale Power, rocked by collapse of its only project and hammered by a freefall in its share prices, is facing another major threat. Boston-based law firm Block & Leviton announced Monday (Nov. 27) that it has filed a “class-action shareholder lawsuit in federal court, alleging the company ‘made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects.’”
Those who have followed NuScale closely have known that the company’s deal with the Utah Associated Municipal Power Systems (UAMPS) was in trouble well before its cancellation announced Nov. 8. Just before UAMPS walked out of the deal to supply six 77-MW small modular reactors to serve cities in 16 western states, NuScale announced a deal with a company trying to develop data centers for crypto currency mining operations.…
Continue ReadingEd. Note: This post excerpts energy and climate material from the Media Balance Newsletter, a free fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete Newsletter for this post can be found here.
Greed Energy Economics:
*** Study: Green Energy and Economic Fabulism
*** Study: Residents in Blue States Pay Much More for Electricity than in Red States
Michigan Energy Plan: At Least $200 Billion For Wind, Solar and Corporate Profits With No Effect On Global Climate
The US should take warning from the huge costs of British floating wind power
Unreliables: Energy, Health, and Ecosystem Consequences:
World Leaders Ignore Growing Safety Issues with Green Energy
Unreliables (General):
*** The Green Energy Wall gradually coming into focus
*** New York energy transition faces reliability challenges, grid operator says
The Biden Energy Slush Fund
Demonstration Challenge
Wind Energy — Offshore:
*** What Happened to the Great Lakes Offshore Wind Boom?…
“The case of Guillermo Yeatts for subsoil privatization should eclipse ‘climate change’ as the number one policy initiative of the 21st century. This friend of private property, free markets, the rule of law, and civil society, a successful entrepreneur in his own right, a thinker and doer, has set up an excellent opportunity for a new political era in his beloved Argentina.”
Give me liberty, not corruption and poverty! The recent election of Javier Milei of La Libertad Avanza (Liberty Advances) in Argentina was a resounding vote for freedom and prosperity. And don’t let the mainstream media marginalize him (“frequent conservative provocateur” … “far-right libertarian rants” ….). He has a grand opportunity to enact a national “social justice” that could be a model for many other nations in Latin and South America and in other regions of the world.…
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