Mini-versions of current-generation nuclear reactors could be the solution for the industry's problems in finding financing for new atomic power stations, U.S. Energy Secretary Ernest Moniz said on Wednesday.
The construction of new reactors in developed countries has virtually ground to a halt in recent years due to safety fears following the 2011 Fukushima disaster and because nuclear projects struggle to find financing as they compete with cheaper natural gas and renewable energy.
China is building dozens of reactors at home, and Russia has won nuclear contracts in developing nations with offers of cheap export credits, but in the United States and Europe, nuclear projects can be counted on the fingers of one hand.
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