For Immediate Release
Coalition for Responsible Energy Development in New Brunswick
NB Power is kicking the can down the road while the planet burns
Rothesay, New Brunswick, August 3, 2023 – The Coalition for Responsible Energy Development in New Brunswick (CRED-NB) is surprised that NB Power would produce a plan (IRP 2023) for the future electrical grid dependent on a nuclear technology that may never exist. At the same time, NB Power is rejecting the most obvious next step: accepting the federal subsidy for the Atlantic Loop to secure a regional electricity infrastructure for New Brunswickers.
In the presentation in February by CRED-NB to the NB Legislative Assembly Standing Committee on Climate Change and Environmental Stewardship, we quoted the authoritative National Academies’ November 2022 report on advanced reactors: molten salt and sodium-cooled SMRs will have difficulty achieving commercial operations by 2050.
Yet the NB Power plan depends on two startup companies, Moltex from the U.K. and ARC from the U.S., neither of which has ever built a nuclear reactor, to build a SMR and make it produce electricity on the grid by 2035. We note that last year the target was 2029.
NB Power states in their IRP that: “the costs of SMRs are another significant unknown.” The NuScale SMR design, the closest to deployment in the U.S. is foreshadowing the costs to come. The NuScale SMR has been in development for more than 15 years and construction hasn’t started yet. They won’t start building it until enough customers have signed on, but more are leaving than signing on because costs have skyrocketed. The current estimated cost for NuScale SMRs with a capacity of 462 Megawatts (the same as NB Power wants to put on the grid by 2040) is $9.3-billion. That’s for a water-cooled SMR. Molten salt and liquid sodium metal designs are likely to cost far more.
Meanwhile, the planet is burning, and the clock is ticking. We must support the development of the Atlantic Loop and prioritize affordable, reliable, quickly deployed and proven solutions: energy efficiency and renewable energy technologies with storage. While we’re waiting for these SMR experiments to fail, NB Power is wasting time that we must spend urgently on genuine climate action.
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