Follow The Money: Nuclear Is “Too Difficult”

Less than one month,
. . . after Australia’s Silex Systems, placed its solar technology assets up for sale,
. . . to focus on uranium enrichments,
. . . it has been dealt a massive blow by the suspension of its nuclear ambitions.  

Those dreams are now on hold – indefinitely,
. . . after GLE said it would cease funding laser development projects,
. . . at Lucas Heights in Sydney and
. . . put the main project facility near Oak Ridge in Tennessee in “cold storage”.

Silex appears to to have been shocked by the announcement,
. . . saying it was “unexpected” and GLE had already
. . . invested “hundreds of millions of dollars” in the project.

GE CEO Jeff Ismelt, who made the call to bring the research to a halt,
. . . despite investing hundreds of millions, has said privately,
. . . that nuclear is “too difficult.”
. . . (GE was one of the biggest suppliers of nuclear technology in the world.)

07-28-2014 Source:  Follow the Money: nuclear is “too difficult”