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Technological innovation needs construction of promises and expectations to mobilise resources and supportive networks, yet exaggerated promises risk leading to disappointment and undermining this very support. Drawing on an analysis of secondary literature and press articles, the concepts of hype cycle and Regimes of Economics of Techno-scientific Promises (ETP) are applied to examine the construction of the largely failed promise of the European Pressurised Reactor (EPR), designed to spearhead a French-led ‘nuclear renaissance’ in the 1990s. The debates on the EPR economics in France and the UK illustrate the country-specific features that condition the ability of an incremental in-between innovation, in an archetypically ‘modernist’ field of technology, to survive in today’s ‘presentist’ era of shrinking timeframes. The phase of disillusionment depicted in the hype cycle can better be described as two country-specific processes whereby the initial promise was continuously modified and requalified in order to maintain its legitimacy and credibility. As an incremental innovation, the EPR continues to struggle between the contrasting needs of demonstrating radical novelty and experience-based continuity. This tension is accentuated by the country-specific legacies and imaginaries, including the historically shaped ideological trust in the state and the market.

Brand New or More of the Same Nuclear? (De)Constructing the Economic Promise of the European Pressurised Reactor in France and the UK