Enabling the Path Forward
Tom Flaherty is a senior advisor at EY-Parthenon, Ernst & Young LLP, and author of Bright Moves: How U.S. Utility Innovation is Driving the CleanTech Transition and Roll-Up: The Past, Present, and Future of Utilities Consolidation.
Mile Milisavljevic is a principal at EY-Parthenon, Ernst & Young LLP, and focuses on enabling energy transition through business strategy and mergers and acquisitions (M&A).
The revival of nuclear power is gaining ground in the United States, slowly, but with interest and momentum, even as the challenges of past eras still persist. For the nuclear industry, creative thinking, as well as solutions to planning and execution issues of eras past, will form the rubric for the next nuclear model.
Part one of this article discussed the causes of nuclear project cost overruns, construction delays, and other challenges over the last sixty-plus years and what is necessary to avoid similar recurrences in the future. This article addresses models and key components needed to drive expanded use of nuclear power.
Addressing these problems in the emerging “next nuclear” era is certainly dependent on the fundamentals of project planning, management, and execution. But additional factors can enhance the industry’s ability to create project value through expanded commercialization, embedding an ecosystem model, leveraging broader financing approaches, and adopting an eight-point project blueprint to shape more favorable outcomes.