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NuScale Power Corp. and a Utah utility consortium have canceled the Carbon Free Power Project, the United States' first small modular reactor, due to a 53% rise in projected power costs, making it economically unviable. This cancellation highlights ongoing challenges in the small modular reactor sector, which struggles to compete with rapidly advancing renewable energy technologies despite receiving federal backing. Proponents stress the continued need for reliable, carbon-free energy, even as other SMR projects face scrutiny for potential cost overruns and delays.