Shah asserts that large investment in proven transmission and storage is a risky strategy, but unproven SMRs aren't risky. He might be right in the USA.
the loans program office has available for transmission, resilience is a factor, as their mission statement says. But the DOE only funds requests brought to them, it doesn’t create new projects. Public service commissions , if they could, would bring only the cheapest transmission alternatives. However, over-grounding transmission through wildfire areas isn’t an option now, so proposals like that aren’t being brought forward.
Shah thinks the UK has invested well in diversification, even while receiving a lot of criticism for things like its significant grid interconnections with Europe and the ballooning costs of the Hinkley plant, which was funded under a contract for differences model prior to the RAB. But he sees that they are weathering the commodity super cycle better than jurisdictions that didn’t diversity as much.
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