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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry
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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Koerth-Baker opined in 2016 that this is the face of nuclear development in the U.S. today ... slow, over-budget, economically untenable. Yet the dream of a nuclear-powered society is still alive. Nationwide, the U.S. gets about 20% of our electricity from nuclear. It produces the lion share (64%) of the U.S. clean energy, provided that by clean, she means anything but fossil fuels. In addition to Watts Bar 2 there are four other reactors currently under construction in this country, signaling that perhaps America has a renewed interest in going nuclear.

Look abroad and there is eve... More →
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Find Out More »  |  Open Resource  |  2017/04/27  |  8 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Herkewitz emphasizes the importance of Severnini research on why coal-fired power plants should not replace nuclear plants. Severnini also argues that his research is all the more reason not just to move to renewable energy sources like wind and solar, but to readopt nuclear power generation as quickly as possible.

Although incidents like the Three Mile Island accident or the Fukushima nuclear accident in March 2011 generated unfounded, but deep public anxiety and uncertainty about the future of nuclear energy (mostly created by the fear-mongering media since no one was killed or i... More →
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Find Out More »  |  Open Resource  |  2017/04/27  |  7 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Dr. Conca reports that led by Ontario, Canada is looking to fill their looming energy supply gap, and address climate change, by building a fleet of the new super-safe small modular nuclear reactors (SMRs) over the next 20 years.

Ontario electricity supply is quite low-carbon already, with about 60% nuclear and 20% hydropower, with natural gas about 10%. Canada overall is about 60% hydropower and 16% nuclear, with the rest spread out among coal, gas and wind. At 50 grams of CO2 per kWh, Canada is one of the cleanest grids in the world.

Aggressive targets for further reduc... More →
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Find Out More »  |  Open Resource  |  2017/04/26  |  6 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Professors Gattie and Jones (of University of Georgia) opine that as the U.S. nuclear industry works to increase its contribution to the civilian power sector, recent issues with Toshiba and Westinghouse may have reignited the debate regarding the future of nuclear power in the U.S.

On one side, opponents leverage these issues to argue that nuclear power has no future due to economics and they conclude that the U.S. should abandon nuclear and go all-in on renewable energy. This position is strongly supported by anti-nuclear activists promoting a chimerical renewable-energy-only econ... More →
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Find Out More »  |  Open Resource  |  2017/04/25  |  6 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Andrew Follett reports that General Atomics has developed nuclear reactor fuel that uses uranium carbide instead of uranium oxide, which is normally used to fuel light water reactors. Helium coolant will make meltdowns impossible, and the fuel could also reduce the amount of used nuclear fuel to be disposed of, according to Christina Back, vice president of nuclear technologies and materials at General Atomics.

Recent technological advancements could turn environmentalists into huge fans of nuclear power, according to a nuclear physicist. Christina Back said her company, General Ato... More →
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Find Out More »  |  Open Resource  |  2017/04/24  |  11 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Wallace McKelvey, in a not-so-subtle, biased article opines that nuclear power, which generates more than 30% of Pennsylvania electricity, could soon disappear from the state amid a glut of cheap natural gas from the Marcellus Shale play. And the first of 5 Pennsylvania plants to close could be the Three Mile Island facility, as soon as 2019. Yes, Three Mile Island nuclear power plant has been operating since the 1970s.

TMI owner Exelon is seeking the PA Legislature help to keep marginally economic reactors like TMI open. The same argument is being made in other states as well, Illi... More →
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Find Out More »  |  Open Resource  |  2017/04/21  |  10 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Leia Toovey opines that demand for nuclear power will grow over the coming years with dozens of new nuclear plants currently under development, both large and small scale. Most of the planned and under construction plants are in emerging markets, particularly China. Even though there are concerns about nuclear power, it remains one of the most cost-effective and environmentally friendly ways to generate electricity.

While China has been moving forward with nuclear power plant builds in the aftermath of the Fukushima nuclear disaster, Europe had been reluctant to expand its nuclear p... More →
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Find Out More »  |  Open Resource  |  2017/04/20  |  11 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Yuthana Praiwan Yuthana reports that what appeared to be a devastating accident at Japan Fukushima nuclear power plant in 2011, which later was found to have killed or injured no one but minor injuries, and no radiation, sparked worldwide fears for a period that forced many countries, including Thailand, to scrap their nuclear power development plans. However, experts soon realized that meltdowns can be managed and still believe that the technology is needed to help drive Thailand economic transformation forward.

Radiation experts say areas suitable for developing new nuclear power ... More →
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Find Out More »  |  Open Resource  |  2017/04/20  |  11 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Chris Mooney opines on the Perry study of the U.S. electric grid having a particular emphasis on recent coal and nuclear plant closures on whether environmental policies may be driving them.

Perry asked his team to undertake a 60-day inquiry into the extent to which continued regulatory burdens, as well as mandates and tax and subsidy policies, are responsible for forcing the premature retirement of baseload power plants, such as those fueled by coal or nuclear energy, among other grid-related questions.

Yet even this inquiry has stirred controversy in the new administra... More →
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Find Out More »  |  Open Resource  |  2017/04/20  |  12 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Mary Jane Fountain opines on the nature of the uranium market and provides a summary, as follows ...

1. Despite negative sentiment from Fukushima, analysts say uranium fundamentals support rising prices.

2. The World Nuclear Association says a 100% increase in international power stations is being either planned or proposed, 160 already being planned.

3. The price of uranium got off to a good start in 2017, but has it fizzled out? The ETF chart for the stock URA suggests not, and it is just correcting the February high.

4. According to several analys... More →
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Find Out More »  |  Open Resource  |  2017/04/19  |  14 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Dr. Conca reports that recently, 4 municipal election candidates from the traditionally anti-nuclear Green Party in Finland published an opinion piece in which they stated that humanity no longer has the luxury of opposing nuclear power. As discussed by J. M. Korhonen, this is significant.

Well over a 100 election candidates from all the major parties, these Greens included, signed a petition calling for feasibility studies for nuclear district heating to provide heat for Finnish cities.

The Green Party was a major winner in these Finnish elections, taking over 12% of th... More →
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Find Out More »  |  Open Resource  |  2017/04/17  |  11 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

The bill would reform the Nuclear Regulatory Commission budget and fee recovery programs to improve transparency and accountability, and require the NRC to establish performance metrics and periodically report to Congress. It would also develop a reliable regulatory framework for the licensing of advanced nuclear reactors, enhance the efficiency of uranium recovery licensing, and increase the transparency of the process by which the U.S. Department of Energy disposes of excess uranium.

EPW Committee Chairman Sen. John Barrasso (R-WY) reintroduced NEIMA last week with cosponsors Sens... More →
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Find Out More »  |  Open Resource  |  2017/04/16  |  14 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Small Modular Reactors (SMRs) are nuclear power plants that are smaller in size (300 MWe or less) than current generation base load plants (1,000 MWe or higher). These smaller, compact designs are factory-fabricated reactors that can be transported by truck or rail to a nuclear power site. SMRs will play an important role in addressing the energy security, economic and climate goals of the U.S. if they can be commercially deployed within the next decade.

Development of clean, affordable nuclear power options is a primary element of the DOE Nuclear Energy Research and Development R... More →
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Find Out More »  |  Open Resource  |  2017/04/15  |  16 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Rep. Tom Rice (R-SC) and Sen. Tim Scott (R-SC) recently introduced legislation that would modify the U.S. tax code to enable nonprofit partners in nuclear power facilities to effectively utilize the nuclear production tax credit (PTC).

Other energy technologies (such as wind and solar plant operations) are able to fully use their credits with public-private partnerships and nuclear energy should have the same consideration, Rice said. This bill helps to correct a disparity of current law so savings can be passed on to millions of consumers in South Carolina and across the country wh... More →
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Find Out More »  |  Open Resource  |  2017/04/15  |  14 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Reuters reports that the U.S. Senate committee easily passed a bill on Wednesday to enable the nuclear regulator to license advanced nuclear reactors that backers say are safer than conventional plants and can help deal with a growing waste problem.

The Nuclear Energy Innovation and Modernization Act requires the Nuclear Regulatory Commission to develop a regulatory framework to enable the licensing of advanced nuclear reactors that could come into development in 10 or 15 years. The bill passed 18-3 in the Environment and Public Works Committee.

Republican Senator James I... More →
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Find Out More »  |  Open Resource  |  2017/04/15  |  15 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Jonathan Tirone reports that Urenco Ltd., the world second-biggest maker of nuclear fuel, is advancing its attempt to supply smaller nuclear reactors (called SMRs) in order to boost demand for its services. The company is developing, in conjunction with Amec Foster Wheeler Plc, a generation of small, modular reactors called SMRs or U-Batteries, Chief Executive Officer Thomas Haeberle said in an interview from the company headquarters in England. Urenco miniature reactors can generate 10 megawatts of power, about 1% of what comes from a current nuclear plant.

The U-Battery is being d... More →
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Find Out More »  |  Open Resource  |  2017/04/15  |  16 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Leia Toovey reports that Spot uranium prices continue to show little change, week-over-week, and seem to have found some stability following their recent crash which saw uranium prices bottoming at $17.75 per lb in December. Now, prices have found stability in the low to mid $20s, suggesting that sell-off in uranium is over. However, the lack of a consistent move higher indicates that a larger fundamental change is needed to really power a rally.

Market participants have long been optimistic about the future of uranium, but it still remains a waiting game before new nuclear plants a... More →
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Find Out More »  |  Open Resource  |  2017/04/14  |  19 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

The Indian Point nuclear power plant, located in Westchester County just 30 miles north of New York City, has been a target of environmentalists since it first opened in 1974. An irrational distrust of nuclear power has motivated opponents to declare it an unacceptable risk and call for its closure, despite the power plant overwhelming safety record. Feeding this irrational hysteria, Governor Cuomo has long referred to Indian Point indeed nuclear power generation as a ticking time bomb and has promised to shut the plant by 2021.

Last week two environmental groups released a report t... More →
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Find Out More »  |  Open Resource  |  2017/04/14  |  15 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Judd Gregg opines that when opportunity comes knocking, you would presume that the new administration would move quickly to take it, a team who clearly relishes taking advantage of opportunities. Well, nuclear power has a pretty loud knock.

Whether the goal is to create jobs, or to make America energy independent, or to do large infrastructure construction projects, or to maintain and expand our strategic advantage in the world, or to grow our economy ..... nuclear power fits the bill.

The U.S. created the civilian nuclear industry and has led the way in its development ... More →
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Find Out More »  |  Open Resource  |  2017/04/14  |  12 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Bloomberg reported that last week bankruptcy of Westinghouse is yet more evidence that the economics of nuclear power are not good. Like coal, nuclear energy can not compete against cheap natural gas and ever-cheaper renewables.

Unlike coal, however, nuclear energy is a crucial tool in the fight against climate change. So the public subsidies that benefit the nuclear industry in the U.S. are justified, whereas efforts to prop up the coal (and oil and gas industries) are not.

And some states are offering or proposing enormous subsidies in support. NY Governor Cuomo wants t... More →
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Find Out More »  |  Open Resource  |  2017/04/14  |  12 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Tim Knauss reports that a former chairman of the New York Public Service Commission and a former leader of the federal agency that regulates power markets are the latest voices saying New York nuclear subsidies are unacceptable.

But New York regulators at the PSC say their plan fights climate change and compensates nuclear plants for an attribute that is not adequately accounted for in the market, notably the continued production of large amounts of low-carbon power. PSC officials say the nuke subsidies are analogous to subsidies for wind and solar power.

At least two env... More →
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Find Out More »  |  Open Resource  |  2017/04/13  |  14 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

The NY state Assembly is against the electric-rate hike that is set for April 1, because the surcharge will fund subsidies to four Upstate nuclear plants. For going along with New York 50 by 30 clean-energy plan, which the Assembly endorsed, the state Public Service Commission is required to have half NY electricity generated by non-carbon-emitting sources by 2030. And that is nearly impossible to do without nuclear plants, because solar and wind power just can not (remotely) do the job by themselves.

Yet two of these nuclear plants were already set to close, with the others not far... More →
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Find Out More »  |  Open Resource  |  2017/04/13  |  12 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Christina Black opines that as a physicist the importance of safe and efficient power generation to energy security, and national security, challenges me to push the boundaries of what is possible.

Nuclear energy is by far the largest source of clean, non-intermittent electricity in the U.S. We have more reactors than any other nation and produce over 25% of the global supply of nuclear power. But nuclear energy is not just important to the U.S., it also plays a critical role in energy markets around the world. As of 2015, 13 countries relied on nuclear energy to provide at least 25... More →
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Find Out More »  |  Open Resource  |  2017/04/13  |  13 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Rod Adams reports that Terrestrial Energy is developing an Integral Molten Salt Reactor (iMSRTM). He noted that he had last provided information to the Nuclear Energy Insider annual summit two years ago when the conference occurred in Charlotte, North Carolina. During the period since that report, his company has been making steady progress towards commercialization.

Terrestrial Energy has a specific way of defining progress towards commercialization in the nuclear energy development enterprise by entering into the first phase of the reactor regulatory process in Canada by deciding... More →
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Find Out More »  |  Open Resource  |  2017/04/05  |  15 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Nuclear Power - Economics, Design, and Industry

Winston Porter opines that an important new electricity source for Texas will be available in the next few years. Texas has a mixed bag of fuels to generate the state electricity. This includes natural gas (55%), coal/lignite (24%), wind (14%), nuclear (6%), and solar (1%). But this mix will keep changing since Houston and some other Texas cities are nonattainment areas regarding air quality. So, carbon emissions will still need to be reduced whether you are concerned about climate change or not. Not good news for coal, particularly.

Another key factor is that the new administratio... More →
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Find Out More »  |  Open Resource  |  2017/04/05  |  16 Report Broken   Tell A Friend
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